Sec Form 4 Filing - Hashemi Hamid @ iPic Entertainment Inc. - 2018-05-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Hashemi Hamid
2. Issuer Name and Ticker or Trading Symbol
iPic Entertainment Inc. [ IPIC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President, CEO & Chairman
(Last) (First) (Middle)
IPIC ENTERTAINMENT INC., MIZNER PARK, 433 PLAZA REAL, STE. 335
3. Date of Earliest Transaction (MM/DD/YY)
05/15/2018
(Street)
BOCA RATON, FL33432
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/15/2018 F 51,995 ( 1 ) D $ 7.27 77,598 I See footnote ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hashemi Hamid
IPIC ENTERTAINMENT INC.
MIZNER PARK, 433 PLAZA REAL, STE. 335
BOCA RATON, FL33432
X X President, CEO & Chairman
Signatures
/s/ Hamid Hashemi 05/17/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On December 6, 2017, iPic Entertainment Inc. granted Hashemi Holdings, LLC 129,593 Restricted Stock Units ("RSUs"). The RSUs vested on May 15, 2018. Each RSU is equivalent to one share of Class A Common Stock of iPic Entertainment Inc. Hashemi Holdings, LLC elected to satisfy its tax obligation by surrendering shares of Class A Common Stock having a value on the date of the vesting equal to the witholding obligation.
( 2 )These shares are held by Hashemi Holdings, LLC. The reporting person is the sole stockholder of Hashemi Holdings, LLC and has sole voting and dispositive control over the shares reported on this form that are owned by Hashemi Holdings, LLC.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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