SEC Form 4 · accession 0001209191-18-017904
A. H. Belo Corp · AHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Michael Storer
Officer — President/Belo + Company
Period of report
Mar 7, 2018
Accepted (ET)
Mar 8, 2018 · 10:12 am EST
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 | Mar 7, 2018 | M | 80,000 | — | A | 80,000 | D | |
| Series A Common StockF2 | Mar 7, 2018 | D | 32,000 | $5.15 | D | 48,000 | 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 (Performance-Based)F3,F4,F5 | — | Mar 7, 2018 | M | 80,000 | D | — | — | Series A Common Stock | 80,000 | 0 | D |
Explanation of responses
- F1Each performance-based restricted stock unit (PBRSU) represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. PBRSUs are valued as of the date of vesting and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.
- F2The number of shares shown represents the settlement of the 40% cash portion of PBRSUs that vested on March 7, 2018. Pursuant to SEC guidance, settlement of the cash portion is deemed a disposition of shares to the Company.
- F3These PBRSUs were awarded on March 2, 2017. The actual number earned was determined on March 1, 2018. They vest 100% on the third trading day following the annual earnings release date for December 31, 2017, and are settled within 10 business days after vesting.
- F4Each PBRSU represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. PBRSUs are valued as of the date of vesting and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.
- F5These PBRSUs vest 100% on the third trading day following the annual earnings release for the fiscal year ending December 31, 2017, and are settled within 10 business days after vesting.