Sec Form 4 Filing - SPENCER CHRISTOPHER J @ Liberated Syndication Inc. - 2020-07-31

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 SPENCER CHRISTOPHER J 2. Issuer Name and Ticker or Trading Symbol Liberated Syndication Inc. [ LSYN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) 60 SPANISH RIVER DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 07/31/2020 (Street) OCEAN RIDGE, FL33435 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 07/31/2020 D 700,000 ( 1 ) D $ 0 2,128,795 D Common Stock 07/31/2020 D 1,353,795 ( 2 ) D $ 3 775,000 ( 3 ) 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SPENCER CHRISTOPHER J 60 SPANISH RIVER DRIVE OCEAN RIDGE, FL33435 X Chief Executive Officer Signatures /s/ Christopher J. Spencer 12/18/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 550,000 shares that were forfeited pursuant to the forfeiture clauses of the Stock Agreement, dated as of December 15, 2017, between the Liberated Syndication Inc. (the "Company") and Mr. Spencer, and 150,000 shares that were forfeited pursuant to the Settlement Agreement, made and entered into on October 4, 2019, among the Company and Camac Fund, LP and its affiliates. ( 2 )Mr. Spencer sold the shares pursuant to the terms of the Separation and Transition Services Agreement and General Release, made and entered into on July 31, 2020, by and between the Company and Mr. Spencer (the "Separation Agreement"). ( 3 )Includes 550,000 shares that are subject to a put option pursuant to the Separation Agreement. Such put option grants Mr. Spencer the right, for a period of one year beginning on the earlier of (a) December 30, 2020 and (b) any date on which the Company declares a rights offering, to put such shares to the Company at a purchase price of $2.50 per share.

Remarks: This Form supplements the descriptions of securities beneficially owned by Mr. Spencer.

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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