SEC Form 4 · accession 0001209191-18-001129
Pendrell Corp · PCOA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee E Mikles
Officer — President and CEO · Director
Period of report
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 5:18 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 | Jan 1, 2018 | M | 1,000 | $0.00 | A | 4,112 | D | |
| Class A Common Stock | holding | — | — | — | 74 | I | By spouse | |
| Class A Common Stock | holding | — | — | — | 86 | I | By trust for the benefit of children | |
| Class A Common Stock | holding | — | — | — | 10 | I | By trust for the benefit of daughter | |
| Class A Common Stock | holding | — | — | — | 1 | I | By custodial account for the benefit of son |
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 | Jan 1, 2018 | M | 1,000 | D | Jan 1, 2018 | Jun 15, 2025 | Class A Common Stock | 1,000 | 1,000 | 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 June 15, 2015, the Reporting Person was granted 3,000 restricted stock units. 1,000 restricted stock units vested on January 1, 2017 and January 1, 2018. If the Reporting Person remains engaged, 1,000 restricted stock units will vest on January 1, 2019.