SEC Form 4 · accession 0001579877-19-000005
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 16, 2019
Accepted (ET)
Feb 20, 2019 · 4:32 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 16, 2019 | M | 6,559 | $0.00 | A | 56,566 | D | |
| Common StockF2 | Feb 16, 2019 | A | 883 | $0.00 | A | 57,449 | D | |
| Common StockF3 | Feb 16, 2019 | F | 4,009 | $20.38 | D | 53,440 | D | |
| Common StockF1 | Feb 18, 2019 | M | 10,080 | $0.00 | A | 63,520 | D | |
| Common StockF2 | Feb 18, 2019 | A | 1,998 | $0.00 | A | 65,518 | D | |
| Common StockF3 | Feb 18, 2019 | F | 6,562 | $20.38 | D | 58,956 | 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 16, 2019 | M | 6,559 | D | — | — | Common Stock | 6,559 | 6,559 | D |
| Restricted Share UnitsF1,F5 | — | Feb 18, 2019 | M | 10,080 | D | Feb 18, 2017 | — | Common Stock | 10,080 | 0 | 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 February 15, 2019, the last preceding business day, the closing price of the Company's common stock on the New York Stock Exchange was $21.38.
- F4Includes restricted share units that vest in three equal annual installments, (i) beginning on February 22, 2018, and on February 16th of each successive year thereafter, and (ii) beginning on February 16, 2018.
- F5These restricted share units vest in three equal annual installments, beginning on February 18, 2017.