<SEC-DOCUMENT>0001144204-17-006852.txt : 20170208
<SEC-HEADER>0001144204-17-006852.hdr.sgml : 20170208
<ACCEPTANCE-DATETIME>20170208211620
ACCESSION NUMBER:		0001144204-17-006852
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170130
FILED AS OF DATE:		20170208
DATE AS OF CHANGE:		20170208

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Inspired Entertainment, Inc.
		CENTRAL INDEX KEY:			0001615063
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				471025534
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		250 WEST 57TH STREET, 22ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107
		BUSINESS PHONE:		(646) 565-3861

	MAIL ADDRESS:	
		STREET 1:		250 WEST 57TH STREET, 22ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Hydra Industries Acquisition Corp.
		DATE OF NAME CHANGE:	20140728

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Holmes Steven John
		CENTRAL INDEX KEY:			0001693443

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36689
		FILM NUMBER:		17584246

	MAIL ADDRESS:	
		STREET 1:		1-2 BERNERS STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1T 3LA
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>v458728_3.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2017-01-30</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001615063</issuerCik>
        <issuerName>Inspired Entertainment, Inc.</issuerName>
        <issuerTradingSymbol>INSE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001693443</rptOwnerCik>
            <rptOwnerName>Holmes Steven John</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>250 WEST 57TH STREET, SUITE 2223</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Legal Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>118735</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
                <footnoteId id="F3"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F4"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>12560</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Represents award of restricted stock units granted under the Inspired Entertainment, Inc. (&quot;Inspired&quot;) 2016 Long-Term Incentive Plan (&quot;2016 Plan&quot;) which was adopted by Inspired's Board of Directors on November 17, 2016 subject to approval of Inspired's stockholders and consummation of Inspired's business combination which occurred on December 22, 2016 and December 23, 2016, respectively. Each unit represents a contingent right to receive one share of INSE common stock subject to the conditions set forth in the 2016 Plan and form of award agreement.</footnote>
        <footnote id="F2">The restricted stock units vest in three installments, one-third of the total on each of the first three anniversaries of the closing of the business combination (e.g., December 23, 2017, 2018 and 2019), provided the minimum price performance target applicable to each tranche (e.g., $12.50, $15.00 and $17.50, respectively) has been reached based on the average closing prices for the common stock for a period of at least thirty (30) consecutive trading days. If a specified price threshold has not been achieved prior to a scheduled vesting date, the portion of the award subject to that price threshold will vest on the first date thereafter when that price threshold is achieved, and provided further, that any unvested units shall expire on December 23, 2021 if a specified price threshold has not been reached by such date.</footnote>
        <footnote id="F3">Represents award of restricted stock units under the Inspired Second Long-Term Incentive Plan (the &quot;Second Plan&quot;) which was adopted by Inspired's Board of Directors on December 22, 2016 and is pending stockholder approval. Each unit represents a contingent right to receive one share of INSE common stock subject to the conditions set forth in the Second Plan and form of award agreement. All grants thereunder are contingent upon stockholder approval of the Second Plan.</footnote>
        <footnote id="F4">The restricted stock units vest on the earliest of (i) December 23, 2019, (ii) the holder's death, (iii) the holder's &quot;disability&quot; and (iv) the closing of a &quot;change in control&quot; (as such terms are defined in the Second Plan and award agreement).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Steven J. Holmes</signatureName>
        <signatureDate>2017-02-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
