SEC Form 4 · accession 0001209191-16-156925
ENTRAVISION COMMUNICATIONS CORP · EVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher T Young
Officer — CFO
Period of report
Dec 26, 2016
Accepted (ET)
Dec 28, 2016 · 6:51 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 | 40,000 | $0.00 | A | 215,200 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award of 40,000 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 the amount listed above 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 94,000 restricted stock units. The reporting person also has direct ownership of 121,200 shares of Class common stock.