SEC Form 4 · accession 0001209191-16-120077
A. H. Belo Corp · AHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Puerner
Director
Period of report
May 12, 2016
Accepted (ET)
May 13, 2016 · 6:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001413898
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Common StockF1,F2 | May 12, 2016 | M | 9,195 | — | A | 43,526 | D | |
| Series A Common StockF3 | May 12, 2016 | D | 3,678 | $5.02 | D | 39,848 | 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 Units (Time-Based)F4,F2,F5 | — | May 12, 2016 | M | 9,195 | D | — | — | Series A Common Stock | 9,195 | 0 | D |
| Restricted Stock Units (Time-Based)F2,F6 | — | May 12, 2016 | A | 11,653 | A | — | — | Series A Common Stock | 11,653 | 11,653 | D |
Explanation of responses
- F1The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 15, 2014 and were settled on May 12, 2016. These TBRSUs were awarded on May 16, 2013.
- F2Each TBRSU represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. These TBRSUs are valued as of the date of settlement and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.
- F3The number of shares shown represents the settlement of the 40% cash portion of TBRSUs that were settled and paid on May 12, 2016. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company.
- F4These TBRSUs were awarded on May 16, 2013.
- F5These TBRSUs vested 100% on May 15, 2014 and were settled on May 12, 2016.
- F6These TBRSUs vest 100% on the date of the Company's 2017 annual meeting of shareholders and are settled within 10 business days of the 2019 annual meeting of shareholders.