SEC Form 4 · accession 0001209191-16-156918
ENTRAVISION COMMUNICATIONS CORP · EVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter F Ulloa
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Dec 26, 2016
Accepted (ET)
Dec 28, 2016 · 6:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001109116
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stockF1,F2 | Dec 26, 2016 | A | 250,000 | $0.00 | A | 422,500 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award of 250,000 restricted stock units that will vest as follows: (i) 25% on December 31, 2016; (ii) 25% on December 31, 2017; (iii) 25% on December 31, 2018; and (iv) 25% on December 31, 2019; provided the recipient is employed by the company on each of such dates. Recipient is also eligible to vest additional restricted stock units in an amount equal to 0% to 200% of such amount as follows: (A) upon the company's achievement of certain revenue and consolidated adjusted EBITDA goals for fiscal year 2017, and (B) provided the recipient is employed by the company on each of the following dates: (i) 50% of such additional amount vesting on December 31, 2017; (ii) 25% of such additional amount vesting on December 31, 2018, and (iii) 25% of such additional amount vesting on December 31, 2019.
- F2Includes 355,000 restricted stock units. The reporting person also has a direct ownership of 67,500 shares of Class A common stock, indirect beneficial ownership of 425 shares of Class A common stock held by Ms. Alexandra Seros and indirect beneficial ownership of 889,848 shares of Class B common stock held by The Walter F. Ulloa Irrevocable Trust of 1996 and 10,599,517 shares of Class B common stock held by Seros Ulloa Family Trust of 1996.