SEC Form 4 · accession 0001209191-16-123210
Viacom Inc. · VIA, VIAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philippe P Dauman
Officer — Exec Chmn, President and CEO · Director
Period of report
May 23, 2016
Accepted (ET)
May 25, 2016 · 4:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001339947
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | May 23, 2016 | M | 27,060 | $35.26 | A | 1,296,839 | D | |
| Class B Common Stock | holding | — | — | — | 989 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2,F1,F3 | $35.26 | May 23, 2016 | M | 27,060 | D | — | Jun 4, 2016 | Class B Common Stock | 27,060 | 0 | D |
Explanation of responses
- F1The reported transaction is a "net settlement" of options that would have expired on June 4, 2016. No shares were sold. Viacom withheld shares with a market value on the date of exercise equal to the aggregate exercise price of the options and withholding tax obligations. Options to acquire 521,739 shares were exercised, the market price on the date of grant was $39.95 and 494,679 shares were withheld.
- F2Granted under the Viacom Inc. 2006 Long-Term Management Incentive Plan, as amended and restated as of April 12, 2007, for no consideration.
- F3Current.