SEC Form 4 · accession 0001140361-16-077159
WORLD WRESTLING ENTERTAINMENTINC · WWE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent K McMahon
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 17, 2016
Accepted (ET)
Aug 18, 2016 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001091907
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $.01 per shareF1,F2 | Aug 17, 2016 | M | 1,547,372 | — | A | 1,547,372 | I | By GRAT |
| Class A Common Stock, par value $.01 per shareF3,F4,F2 | Aug 17, 2016 | S | 1,547,372 | $19.32 | D | 0 | I | By GRAT |
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 Stock, par value $.01 per shareF5,F7,F2,F6 | $0.00 | Aug 17, 2016 | M | 1,547,372 | D | — | — | Class A Common Stock, par value, $.01 per share | 1,547,372 | 0 | I |
| Class B Common Stock, par value $.01 per shareF5,F4,F6 | $0.00 | holding | — | — | — | — | — | Class A Common Stock, par value $.01 per share | 35,533,375 | 35,533,375 | D |
Explanation of responses
- F1The Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5, 2013 (the "GRAT") converted 1,547,372 shares of Class B Common Stock into 1,547,372 shares of Class A Common Stock on August 17, 2016.
- F2On December 6, 2013 Vincent K. McMahon ("Mr. McMahon") gifted 8,500,000 shares of Class B Common Stock to the GRAT. Mr. McMahon established the GRAT for the benefit of Mr. McMahon and certain members of Mr. McMahon's family. Mr. McMahon's wife, Linda McMahon, is trustee of the GRAT and has sole voting power and authority, and Linda McMahon and Mr. McMahon (as special trustee of the GRAT) each has unilateral power and authority to sell Class B Common Stock held by the GRAT.
- F3All 1,547,372 of the shares of Class A Common Stock were sold in a block sale at a price of $19.32 per share.
- F4Excludes 100 shares of Class A Common Stock and 566,670 shares of Class B Common Stock owned individually by Mr. McMahon's wife, Linda McMahon, the beneficial ownership of which has been reported separately by Linda McMahon and disclaimed by Mr. McMahon.
- F5Class B Common Stock is convertible, on a one-for-one basis, at any time into Class A Common Stock at the option of the holder.
- F6N/A
- F7The GRAT no longer owns any shares of the Registrant's common stock.