SEC Form 4 · accession 0001579877-18-000081
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
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 5:54 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 | Jun 1, 2018 | M | 28,558 | $0.00 | A | 279,989 | D | |
| Common StockF1 | Jun 1, 2018 | M | 25,142 | $0.00 | A | 305,131 | D | |
| Common StockF2 | Jun 1, 2018 | A | 6,807 | $0.00 | A | 311,938 | D | |
| Common StockF3 | Jun 1, 2018 | F | 29,633 | $19.90 | D | 282,305 | 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 | — | Jun 1, 2018 | M | 28,558 | D | Feb 18, 2017 | — | Common Stock | 28,558 | 0 | D |
| Restricted Share UnitsF6,F1,F5 | — | Jun 1, 2018 | M | 25,142 | D | — | — | Common Stock | 25,142 | 25,142 | 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.
- F2Shares acquired due to the settlement of dividend equivalents into shares of Company's common stock at vesting.
- F3On June 1, 2018, the closing price of the Company's common stock on the New York Stock Exchange was $19.90.
- F4These restricted share units were scheduled to vest on February 18, 2019; vesting was accelerated in connection with the conclusion of the reporting person's employment with the Company.
- F5These restricted share units were scheduled to vest on February 16, 2019 and February 16, 2020; vesting of 25,142 restricted share units was accelerated in connection with the conclusion of the reporting person's employment with the Company.
- F6These restricted share units were forfeited upon the conclusion of the reporting person's employment with the Company.