SEC Form 4 · accession 0000908662-15-000006
LAMAR ADVERTISING CO/NEW · LAMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P Reilly Jr.
Officer — President · Director · 10% Owner
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090425
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F1 | — | Jan 1, 2015 | G | 188,737 | D | — | — | Class A Common Stock | 188,737 | 1,796,039 | D |
| Class B Common StockF3,F1 | — | holding | — | — | — | — | — | Class A Common Stock | 9,000,000 | 9,000,000 | I |
| Class B Common StockF2,F1 | — | holding | — | — | — | — | — | Class A Common Stock | 188,737 | 188,737 | I |
Explanation of responses
- F1Pursuant to the terms of the Issuer's Certificate of Incorporation, the Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis, exercisable immediately, and has no expiration date.
- F2The Reporting Person contributed the shares to a limited liability company (the "LLC") in exchange for interests in the LLC held jointly by the Reporting Person and the Reporting Person's spouse.
- F3Shares held by the Reilly Family Limited Partnership (the "RFLP"), of which the reporting person is the managing general partner. The reporting person's three siblings are the other general partners of the RFLP. The managing general partner has sole voting power over the shares held by the RFLP, but dispositions of the shares require the approval of 50% of the general partnership interests of the RFLP.