SEC Form 4 · accession 0001579877-15-000006
OUTFRONT Media Inc. · OUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H. Sauer
Officer — EVP, General Counsel & Sec.
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 6:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001579877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 12, 2015 | M | 1,446 | — | A | 8,010 | D | |
| Common Stock | Feb 12, 2015 | F | 674 | $29.37 | D | 7,336 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4,F1,F3 | — | Feb 12, 2015 | M | 1,446 | D | Feb 12, 2015 | — | Common Stock | 1,446 | 2,890 | D |
Explanation of responses
- F1The restricted share units are settled by delivery of a corresponding number of shares of common stock of OUTFRONT Media Inc. (the "Company") upon vesting.
- F2Includes 964 additional shares of the Company's common stock received by the reporting person in connection with a special dividend declared by the Company on October 29, 2014, and paid to its stockholders on December 31, 2014.
- F3These restricted share units vest in three equal annual installments, beginning on February 12, 2015.
- F4These restricted share units were previously reported as 3,811 restricted share units, but were adjusted to reflect the special dividend paid by the Company to its stockholders on December 31, 2014. As a result of the special dividend, the reporting person received an additional 525 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.