SEC Form 4 · accession 0001579877-15-000028
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 23, 2015
Accepted (ET)
Feb 25, 2015 · 6:06 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 | Feb 23, 2015 | M | 4,988 | $0.00 | A | 12,324 | D | |
| Common Stock | Feb 23, 2015 | F | 2,114 | $30.02 | D | 10,210 | 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 UnitsF3,F1,F2 | — | Feb 23, 2015 | M | 4,988 | D | Feb 23, 2015 | — | Common Stock | 4,988 | 2,121 | 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.
- F2The remaining 2,121 restricted share units will vest on February 23, 2016.
- F3The restricted share units were previously reported as 6,249 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 860 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.