SEC Form 4 · accession 0001579877-15-000126
OUTFRONT Media Inc. · OUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald R Shassian
Officer — EVP, Chief Financial Officer
Period of report
Dec 2, 2015
Accepted (ET)
Dec 4, 2015 · 5:26 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,F2 | Dec 2, 2015 | M | 5,318 | $0.00 | A | 103,672 | D | |
| Common Stock | Dec 2, 2015 | F | 1,979 | $23.04 | D | 101,693 | 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,F3 | — | Dec 2, 2015 | M | 5,318 | D | Dec 2, 2014 | — | Common Stock | 5,318 | 10,637 | 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.
- F3These restricted share units vest in four equal annual installments beginning on December 2, 2014.
- F4These restricted share units were previously reported as 14,022 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 1,933 restricted share units pursuant to the anti-dilution provisions of the Company's Omnibus Stock Incentive Plan.