SEC Form 4 · accession 0001579877-15-000102
OUTFRONT Media Inc. · OUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Sriubas
Officer — EVP,Strategic Planning & Dev.
Period of report
Aug 1, 2015
Accepted (ET)
Aug 4, 2015 · 5:07 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 | Aug 1, 2015 | M | 3,225 | $0.00 | A | 3,225 | D | |
| Common StockF1,F2 | Aug 1, 2015 | M | 2,560 | $0.00 | A | 6,103 | D | |
| Common StockF3 | Aug 1, 2015 | F | 2,261 | $25.13 | D | 3,842 | 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 UnitsF1,F4 | — | Aug 1, 2015 | M | 3,225 | D | — | — | Common Stock | 3,225 | 9,680 | D |
| Restricted Share UnitsF5,F1,F4 | — | Aug 1, 2015 | M | 2,560 | D | Aug 1, 2015 | — | Common Stock | 2,560 | 7,680 | D |
Explanation of responses
- F1These 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.
- F3On July 31, 2015, the closing price of the Company's common stock on the New York Stock Exchange was $25.13.
- F4These restricted share units vest in four equal annual installments, beginning on August 1, 2015.
- F5These restricted share units were previously reported as 9,000 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 1,240 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.