SEC Form 4 · accession 0000950142-15-000008
HEMISPHERE MEDIA GROUP, INC. · HMTV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jose E. Ramos
Officer — Officer of Subsidiary Division
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 4:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001567345
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CLASS A COMMON STOCKF1,F2,F3 | Dec 31, 2014 | F | 7,070 | $13.49 | D | 52,930 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In accordance with the Hemisphere Media Group, Inc. (the "Company") 2013 Equity Incentive Plan (the "Plan"), the reporting person returned shares of the Company's Class A common stock, par value $0.0001 per share ("Class A common stock") to the Company for the purpose of paying the Reporting Person's withholding taxes due upon the vesting of restricted shares of Class A common stock previously awarded to the Reporting Person under the Plan. The disposition is exempt in accordance with Rule 16b-3.
- F2The fair market value of the Class A common stock at the close of trading on December 31, 2014, the date of vesting, was used to calculate the number of shares deducted to satisfy the Reporting Person's tax withholding obligations.
- F3Of these shares, 40,000 are restricted securities and will vest, subject to certain exceptions, in equal annual installments on the second and third anniversary of December 31, 2013.