SEC Form 4 · accession 0001209191-15-053956
Pendrell Corp · PCOA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee E Mikles
Officer — President and CEO · Director
Period of report
Jun 15, 2015
Accepted (ET)
Jun 16, 2015 · 6:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001359555
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Jun 15, 2015 | A | 1,000,000 | $0.00 | A | 1,112,579 | D | |
| Class A Common Stock | holding | — | — | — | 50,000 | I | By trust for the benefit of children | |
| Class A Common Stock | holding | — | — | — | 125,791 | I | By spouse | |
| Class A Common Stock | holding | — | — | — | 161,100 | I | By revocable trust | |
| Class A Common Stock | holding | — | — | — | 10,000 | I | By trust for the benefit of daughter | |
| Class A Common Stock | holding | — | — | — | 1,000 | I | By custodial account for the benefit of son |
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)F3 | $1.34 | Jun 15, 2015 | A | 2,000,000 | A | Jan 1, 2016 | Jun 15, 2025 | Class A Common | 2,000,000 | 2,000,000 | D |
| Employee Stock Option (Right to Buy)F3 | $1.34 | Jun 15, 2015 | A | 2,000,000 | A | Feb 15, 2016 | Jun 15, 2025 | Class A Common | 2,000,000 | 2,000,000 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Jun 15, 2015 | A | 3,000,000 | A | Jan 1, 2017 | Jun 15, 2025 | Class A Common | 3,000,000 | 3,000,000 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Jun 15, 2015 | A | 3,000,000 | A | Feb 15, 2017 | Feb 15, 2019 | Class A Common | 3,000,000 | 3,000,000 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Jun 15, 2015 | A | 2,000,000 | A | Jan 1, 2017 | Dec 31, 2019 | Class A Common | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1The restricted stock is subject to vesting conditions as described in the Issuer's Form 8-K filed with the Securities and Exchange Commission on June 10, 2015.
- F2Includes 79,416 shares of Class A Common Stock held in the reporting person's individual retirement account.
- F3The award is subject to vesting conditions as described in the Issuer's Form 8-K filed with the Securities and Exchange Commission on June 10, 2015.
- F4Converts into Class A Common Stock on a one-for-one basis upon vesting.