SEC Form 4 · accession 0001579877-15-000073
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
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 2:48 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 | Apr 1, 2015 | M | 179 | $0.00 | A | 12,094 | D | |
| Common Stock | Apr 1, 2015 | F | 75 | $29.79 | D | 12,019 | D | |
| Common StockF1 | Apr 2, 2015 | M | 244 | $0.00 | A | 12,263 | D | |
| Common Stock | Apr 2, 2015 | F | 101 | $29.75 | D | 12,162 | 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 | — | Apr 1, 2015 | M | 179 | D | Apr 1, 2015 | — | Common Stock | 179 | 180 | D |
| Restricted Share UnitsF1,F4,F5 | — | Apr 2, 2015 | M | 244 | D | Apr 2, 2015 | — | Common Stock | 244 | 0 | 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.
- F2These restricted share units vest in three equal annual installments, beginning on April 1, 2014.
- F3These restricted share units were previously reported as 316 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 43 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.
- F4These restricted share units vest in three equal annual installments, beginning on April 2, 2013.
- F5These restricted share units were previously reported as 215 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 29 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.