SEC Form 4 · accession 0001579877-16-000179
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
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 7:30 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 | Feb 19, 2016 | M | 6,156 | $0.00 | A | 19,536 | D | |
| Common StockF3 | Feb 19, 2016 | F | 2,812 | $19.00 | D | 16,724 | 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 | — | Feb 19, 2016 | M | 6,156 | D | Feb 19, 2016 | — | Common Stock | 6,156 | 12,316 | 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 Company common stock at vesting.
- F3On February 19, 2016, the closing price of the Company's common stock on the New York Stock Exchange was $19.00.
- F4These restricted share units vest in three equal annual installments, beginning on February 19, 2016.