SEC Form 4 · accession 0001209191-15-068086
Pendrell Corp · PCOA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy M Dozois
Officer — Corp. Counsel/Corp. Secretary
Period of report
Aug 24, 2015
Accepted (ET)
Aug 26, 2015 · 5:21 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 | Aug 24, 2015 | M | 6,250 | $0.00 | A | 191,000 | D | |
| Class A Common StockF2 | Aug 24, 2015 | F | 2,272 | $1.34 | D | 188,728 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit AwardF3,F4,F5 | $0.00 | Aug 24, 2015 | M | 6,250 | D | Aug 24, 2013 | Aug 24, 2022 | Common Stock | 6,250 | 6,250 | D |
Explanation of responses
- F1Vested restricted stock units were distributed to the Reporting Person, without payment, in shares of Class A Common Stock on a unit-for-share basis on the vesting date.
- F2Shares deemed surrendered by the Reporting Person and withheld by the Issuer in payment of the tax liability resulting from the vesting of restricted stock units.
- F3Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- F4Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
- F525% of the award vests on each of August 24, 2013, August 24, 2014, August 24, 2015 and August 24, 2016.