SEC Form 4 · accession 0000908662-17-000080
LAMAR ADVERTISING CO/NEW · LAMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anna Reilly
Director
Period of report
Mar 10, 2017
Accepted (ET)
Mar 14, 2017 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001090425
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 10, 2017 | C | 190,280 | $0.00 | A | 191,859 | D |
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 StockF1 | — | Mar 10, 2017 | C | 190,280 | D | — | — | Class A Common Stock | 190,280 | 1,000,000 | D |
| Class B Common StockF2,F1 | — | holding | — | — | — | — | — | Class A Common Stock | 9,000,000 | 9,000,000 | 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 is a General Partner of the Reilly Family Limited Partnership (the "RFLP"). The other General Partners of the RFLP are siblings of the Reporting Person. The Managing General Partner of the RFLP exercises sole voting power over the shares held by the RFLP, but disposition of the shares requires the approval of 50% of the general partnership interests in the RFLP. The Reporting Person disclaims beneficial ownership of the shares held by the RFLP except to the extent of her pecuniary interest therein.