SEC Form 4 · accession 0001181431-15-001673
NEXSTAR MEDIA GROUP, INC. · NXST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Perry A Sook
Officer — CEO & President · Director
Period of report
Jan 14, 2015
Accepted (ET)
Jan 30, 2015 · 11:24 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001142417
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to purchase Class A Common Stock)F1 | $47.11 | Jan 14, 2015 | A | 200,000 | A | — | Jan 14, 2025 | Class A Common Stock | 200,000 | 1,800,000 | D |
| Restricted Stock UnitsF2,F3 | $0.01 | Jan 14, 2015 | A | 200,000 | A | — | — | Class A Common Stock | 200,000 | 2,000,000 | D |
Explanation of responses
- F150,000 options will vest and become exercisable at each anniversary of the grant date beginning January 14, 2016.
- F225,000 restricted stock units will vest annually each January 14, beginning with 2016. An additional 25,000 restricted stock units will vest annually on March 1, subject to Company performance metrics.
- F3The restricted stock units have no expiration. However, all unvested portion of the restricted stock units will be forfeited and cancelled should the awardee's employment with Nexstar Broadcasting Group, Inc. (the "Company") terminate, other than a Company change in control.