SEC Form 4 · accession 0001140361-15-014414
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 31, 2015
Accepted (ET)
Apr 3, 2015 · 5:00 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 31, 2015 | M | 4,502 | D | — | — | Class B Common Stock | 4,502 | 0 | D |
| Performance UnitsF2 | — | Mar 31, 2015 | M | 3,168 | D | — | — | Class B Common Stock | 3,168 | 0 | D |
| Class B Common StockF4,F3 | — | Mar 31, 2015 | M | 3,002 | A | — | — | Class A Common Stock | 3,002 | 77,103 | D |
| Class B Common StockF4,F3 | — | Mar 31, 2015 | M | 1,319 | A | — | — | Class A Common Stock | 1,319 | 78,422 | D |
| Class B Common StockF3 | — | Mar 31, 2015 | F | 1,513 | D | — | — | Class A Common Stock | 1,513 | 76,909 | D |
| Class B Common StockF3 | — | Mar 31, 2015 | F | 1,279 | D | — | — | Class A Common Stock | 1,279 | 75,630 | D |
| Class B Common StockF3 | — | Mar 31, 2015 | J | 75,630 | D | — | — | Class A Common Stock | 75,630 | 0 | D |
Explanation of responses
- F1Performance units granted March 11, 2013 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
- F2Performance units granted March 6, 2014 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
- F3The 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.
- F4The performance units were prorated based on the length of time within the performance period that had elapsed prior to the closing of the transactions between Journal Communications and The E.W. Scripps Company.
- F5Reflects payment of tax liability by withholding shares of stock incident to the vesting of performance units.
- F6Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock.
- F7The shares of Journal Communications, Inc. stock were converted into shares of Journal Media Group, Inc. and The E.W. Scripps Company in connection with the closing of the transactions between Journal Communications and The E.W. Scripps Company.