SEC Form 4 · accession 0001579877-15-000047
OUTFRONT Media Inc. · OUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Donald R Shassian
Officer — EVP, Chief Financial Officer
Period of report
Mar 28, 2015
Accepted (ET)
Mar 31, 2015 · 6:02 pm EDT
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 | Mar 28, 2015 | M | 15,641 | $0.00 | A | 90,006 | D | |
| Common StockF1 | Mar 28, 2015 | M | 370 | $0.00 | A | 90,376 | D | |
| Common StockF1,F2,F3 | Mar 28, 2015 | M | 6,912 | $0.00 | A | 106,705 | D | |
| Common Stock | Mar 28, 2015 | F | 8,752 | $30.09 | D | 97,953 | 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 UnitsF5,F1,F4 | — | Mar 28, 2015 | M | 15,641 | D | Mar 28, 2015 | — | Common Stock | 15,641 | 46,931 | D |
| Restricted Share UnitsF7,F1,F6 | — | Mar 28, 2015 | M | 370 | D | Mar 28, 2015 | — | Common Stock | 370 | 746 | D |
| Restricted Share UnitsF1,F4 | — | Mar 28, 2015 | M | 6,912 | D | Mar 28, 2015 | — | Common Stock | 6,912 | 20,738 | 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 shares acquired due to the settlement of dividend equivalents into shares of the Company's common stock at vesting.
- F3Includes 8,687 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.
- F4These restricted share units vest in four equal annual installments, beginning on March 28, 2015.
- F5These restricted share units were previously reported as reflecting 54,995 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 7,577 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.
- F6These restricted share units vest in three equal annual installments, beginning on March 28, 2015.
- F7These restricted share units were previously reported as reflecting 982 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 134 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.