SEC Form 4/A · accession 0001209191-17-067663
Pendrell Corp · PCOA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Steve Ednie
Officer — VP and Chief Financial Officer
Period of report
Sep 15, 2017
Accepted (ET)
Dec 29, 2017 · 5:15 pm EST
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, 2017 | M | 62 | $0.00 | A | 155 | D | |
| Class A Common StockF2,F3 | Sep 15, 2017 | F | 17 | $679.00 | D | 138 | 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 AwardF4,F5,F6 | $0.00 | Sep 15, 2017 | M | 62 | D | Sep 15, 2017 | Sep 15, 2024 | Common Stock | 62 | 62 | 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.
- F3This surrender of shares in payment of the tax liability resulting from the vesting of restricted stock units was inadvertently omitted from the Reporting Person's September 15, 2017 Form 4.
- F4Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- F5Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
- F6On September 15, 2014, the Reporting Person was granted 250 restricted stock units. 62 restricted stock units vested on each of September 15, 2015, September 15, 2016, and September 15, 2017. If the Reporting Person remains engaged, 62 restricted stock units will vest on September 15, 2018.