SEC Form 4 · accession 0000908662-17-000083
LAMAR ADVERTISING CO/NEW · LAMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith A Istre
Officer — Chief Financial Officer
Period of report
Mar 20, 2017
Accepted (ET)
Mar 21, 2017 · 4:07 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 Stock | Mar 20, 2017 | M | 25,000 | $42.21 | A | 169,253 | D | |
| Class A Common StockF1 | Mar 20, 2017 | S | 25,000 | $77.4688 | D | 144,253 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $42.21 | Mar 20, 2017 | M | 25,000 | D | — | Jan 24, 2023 | Class A Common Stock | 25,000 | 50,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $77.23 to $77.72, inclusive. The reporting person undertakes to provide to Lamar Advertising Company, any security holder of Lamar Advertising Company, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.
- F2The option became fully vested on 01/24/2017.