SEC Form 4 · accession 0001209191-16-141862
Pendrell Corp · PCOA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Ednie
Officer — VP and Chief Financial Officer
Period of report
Sep 15, 2016
Accepted (ET)
Sep 16, 2016 · 5:58 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 | Sep 15, 2016 | M | 62,500 | $0.00 | A | 109,656 | D | |
| Class A Common StockF2 | Sep 15, 2016 | F | 17,094 | $0.67 | D | 92,562 | 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 | Sep 15, 2016 | M | 62,500 | D | Sep 15, 2015 | Sep 15, 2024 | Common Stock | 62,500 | 125,000 | 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.
- 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.
- F5On September 15, 2014, the Reporting Person was granted 250,000 restricted stock units. 62,500 restricted stock units vested on each of September 15, 2015 and September 15, 2016. If the Reporting Person remains engaged, 62,500 restricted stock units will vest on each of September 15, 2017 and September 15, 2018.