SEC Form 4 · accession 0001209191-16-138093
Viacom Inc. · VIA, VIAB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philippe P Dauman
Director
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 4:20 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 | Aug 18, 2016 | M | 300,000 | — | A | 1,596,839 | D | |
| Class B Common Stock | Aug 18, 2016 | F | 167,460 | $42.84 | D | 1,429,379 | D | |
| Class B Common Stock | holding | — | — | — | 999 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Share UnitsF3 | — | Aug 18, 2016 | M | 300,000 | D | — | — | Class B Common Stock | 300,000 | 0 | D |
Explanation of responses
- F1These shares were issued on August 18, 2016 upon the vesting, under the terms of the executive's employment agreement and in connection with his separation from Viacom, of the target number of Performance Restricted Share Units ("PRSUs") that were granted on January 15, 2015. On the date of vesting, the closing price of the Class B Common Stock on The NASDAQ Global Select Market was $42.84 per share.
- F2These shares were withheld by Viacom to satisfy tax liability incident to the vesting of, and delivery of shares underlying, the PRSUs, and were not actually sold or otherwise disposed of in an open-market transaction.
- F3Granted under the Viacom Inc. 2006 Long-Term Management Incentive Plan, as amended and restated as of January 1, 2011, for no consideration.