SEC Form 4 · accession 0001140361-15-012345
JOURNAL COMMUNICATIONS INC · JRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven H Wexler
Officer — Vice President
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 7:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001232241
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1 | — | Mar 13, 2015 | M | 4,700 | D | — | — | Class B Common Stock | 4,700 | 0 | D |
| Class B Common StockF3,F2 | — | Mar 13, 2015 | M | 7,050 | A | — | — | Class A Common Stock | 7,050 | 77,129 | D |
| Class B Common StockF2 | — | Mar 13, 2015 | F | 2,468 | D | — | — | Class A Common Stock | 2,468 | 74,661 | D |
| Performance UnitsF5 | — | holding | — | — | — | — | — | Class B Common Stock | 3,168 | 3,168 | D |
| Performance UnitsF6 | — | holding | — | — | — | — | — | Class B Common Stock | 4,502 | 4,502 | D |
Explanation of responses
- F1Performance units granted March 19, 2012 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2015 if the performance target is achieved.
- F2The Class B Common Stock is convertible into Class A Common Stock (subject to certain limitations specified in the Issuer's Amended and Restated Articles of Incorporation) on a 1-for-1 basis at no cost.
- F3The Company's level of attainment of specified performance goals for the three-year period beginning December 26, 2011 and ending December 28, 2014 were exceeded with the reporting person earning 150% of the target award in accordance with performance metrics pursuant to the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
- F4Reflects payment of tax liability by withholding shares of stock incident to the vesting of performance units.
- F5Performance units granted March 6, 2014 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2017 if the performance target is achieved.
- F6Performance units granted March 11, 2013 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2016 if the performance target is achieved.