SEC Form 4 · accession 0001579877-18-000030
OUTFRONT Media Inc. · OUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H. Sauer
Officer — EVP, General Counsel
Period of report
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 6:05 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 | Feb 22, 2018 | M | 3,618 | $0.00 | A | 49,787 | D | |
| Common StockF2 | Feb 22, 2018 | A | 242 | $0.00 | A | 50,029 | D | |
| Common StockF3 | Feb 22, 2018 | F | 1,556 | $21.52 | D | 48,473 | 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 22, 2018 | A | 11,152 | A | Feb 22, 2019 | — | Common Stock | 11,152 | 11,152 | D |
| Restricted Share UnitsF1,F6 | — | Feb 22, 2018 | A | 10,853 | A | — | — | Common Stock | 10,853 | 16,735 | D |
| Restricted Share UnitsF1,F6 | — | Feb 22, 2018 | M | 3,618 | D | — | — | Common Stock | 3,618 | 13,117 | 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.
- F2Shares acquired due to the settlement of dividend equivalents into shares of the Company's common stock at vesting.
- F3On February 22, 2018, the closing price of the Company's common stock on the New York Stock Exchange was $21.52.
- F4This grant of restricted share units vests in three equal annual installments beginning on February 22, 2019.
- F5On February 22, 2018, the performance targets associated with these restricted share units was certified as having been achieved.
- F6These restricted share units vest in three equal annual installments, beginning on February 22, 2018, and on February 16th of each successive year thereafter.