SEC Form 4 · accession 0001579877-15-000051
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
Mar 28, 2015
Accepted (ET)
Mar 31, 2015 · 6:03 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 | 1,117 | $0.00 | A | 11,327 | D | |
| Common StockF1 | Mar 28, 2015 | M | 1,408 | $0.00 | A | 12,735 | D | |
| Common StockF1,F2 | Mar 28, 2015 | M | 304 | $0.00 | A | 13,120 | D | |
| Common Stock | Mar 28, 2015 | F | 1,205 | $30.09 | D | 11,915 | 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 | — | Mar 28, 2015 | M | 1,117 | D | Mar 28, 2015 | — | Common Stock | 1,117 | 3,352 | D |
| Restricted Share UnitsF1,F3 | — | Mar 28, 2015 | M | 1,408 | D | Mar 28, 2015 | — | Common Stock | 1,408 | 4,227 | D |
| Restricted Share UnitsF6,F1,F5 | — | Mar 28, 2015 | M | 304 | D | Mar 28, 2015 | — | Common Stock | 304 | 610 | 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.
- F3These restricted share units vest in four equal annual installments, beginning on March 28, 2015.
- F4These restricted share units were previously reported as 3,928 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 541 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.
- F5These restricted share units vest in three equal annual installments, beginning on March 28, 2015.
- F6These restricted share units were previously reported as 804 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 110 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.