SEC Form 4 · accession 0001209191-16-144399
Pendrell Corp · PCOA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart M Sloan
Director
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 4:55 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 | Oct 1, 2016 | A | 24,084 | $0.6851 | A | 305,154 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F3 | $0.691 | Oct 1, 2016 | A | 60,000 | A | Oct 1, 2017 | Oct 1, 2026 | Class A Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1The number of shares and price per share reported do not reflect the issuer's 1-for-10 reverse stock split of its Class A and Class B common stock that became effective at 5:00 Pacific time on September 30, 2016.
- F2Represents pre-reverse split shares issued to the reporting person as compensation for board service provided for the quarter ended September 30, 2016.
- F3Stock options granted under the Pendrell Corporation 2012 Equity Incentive Plan and pursuant to the Issuer's Board Compensation Policy.