Sec Form 4 Filing - PETERMAN TIM @ EVINE Live Inc. - 2019-05-02

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
PETERMAN TIM
2. Issuer Name and Ticker or Trading Symbol
EVINE Live Inc. [ EVLV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
6740 SHADY OAK ROAD
3. Date of Earliest Transaction (MM/DD/YY)
05/02/2019
(Street)
EDEN PRAIRIE, MN55344
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
Common Stock 05/02/2019 P 166,667 A $ 0.75 328,667 D
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
Performance Stock Units ( 1 ) 05/02/2019 A 680,000 ( 2 ) 05/02/2029 Common Stock 680,000 $ 0 680,000 D
Warrants (right to buy) $ 1.5 05/02/2019 P 72,917 05/02/2019 05/01/2024 Common Stock 72,917 $ 0 72,917 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PETERMAN TIM
6740 SHADY OAK ROAD
EDEN PRAIRIE, MN55344
CEO
Signatures
/s/ Jonathan R. Zimmerman, Attorney-in-Fact 05/06/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each performance stock unit represents a contingent right to receive one share of common stock and was granted as an inducement material to the reporting person's entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
( 2 )The performance stock units grant shall vest one-third upon the one year anniversary of the grant date, one-third when the per-share closing price of the issuer's common stock reaches or exceeds an average trading price of $2.00 for 20 consecutive trading days and the reporting person has been continuously employed for at least one year from the grant date, and the remaining shares when the per-share closing price of the issuer's common stock reaches or exceeds an average trading price of $4.00 for 20 consecutive trading days and the reporting person has been continuously employed for at least two years after the grant date, and shall otherwise be subject to the terms and conditions of the applicable award agreement.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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