SEC Form 4 · accession 0001600781-16-000158
National CineMedia, Inc. · NCMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifford E Marks
Officer — President of Sales & Marketing
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 6:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001377630
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 25, 2016 | D | 50,700 | $0.00 | D | 400,024 | D | |
| Common StockF2 | Feb 25, 2016 | F | 21,479 | $15.50 | D | 378,545 | D | |
| Common StockF4 | Feb 26, 2016 | S | 20,170 | $15.038 | D | 358,375 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 15, 2013, the reporting person received a grant of 92,349 shares of restricted stock that would vest based upon achievement of specified performance targets at the end of a three-year measurement period. On February 25, 2016, the Issuer determined that the performance conditions were 45.1% satisfied and, as a result, a portion of the original grant was forfeited.
- F2Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
- F3This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 12, 2015.
- F4This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.10, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.