SEC Form 4 · accession 0001209191-16-133927
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
Jul 24, 2016
Accepted (ET)
Jul 26, 2016 · 4:17 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 | Jul 24, 2016 | M | 10,000 | $0.00 | A | 198,728 | 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 AwardF2,F3,F4 | $0.00 | Jul 24, 2016 | M | 10,000 | D | Jul 24, 2016 | Jul 24, 2025 | Common Stock | 10,000 | 10,000 | 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.
- F2Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- F3Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
- F4On July 24, 2015, the reporting person was granted 20,000 restricted stock units. 10,000 restricted stock units vested on July 24, 2016. If the reporting person remains engaged, 5,000 restricted stock units will vest on each of July 24, 2017 and July 24, 2018.