SEC Form 4 · accession 0001579877-19-000024
OUTFRONT Media Inc. · OUT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeremy J. Male
Officer — Chairman & CEO · Director
Period of report
Feb 20, 2019
Accepted (ET)
Feb 26, 2019 · 6:03 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, 2019 | M | 33,503 | $0.00 | A | 476,150 | D | |
| Common StockF1 | Feb 22, 2019 | M | 21,685 | $0.00 | A | 497,835 | D | |
| Common StockF2 | Feb 22, 2019 | A | 3,714 | $0.00 | A | 501,549 | D | |
| Common StockF3 | Feb 22, 2019 | F | 28,846 | $21.39 | D | 472,703 | 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,F5 | — | Feb 20, 2019 | A | 100,511 | A | Feb 22, 2019 | — | Common Stock | 100,511 | 165,566 | D |
| Restricted Share UnitsF1,F5 | — | Feb 22, 2019 | M | 33,503 | D | Feb 22, 2019 | — | Common Stock | 33,503 | 132,063 | D |
| Restricted Share UnitsF1,F5 | — | Feb 22, 2019 | M | 21,685 | D | Feb 22, 2019 | — | Common Stock | 21,685 | 110,378 | 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 22, 2019, the last preceding business day, the closing price of the Company's common stock on the New York Stock Exchange was $21.39.
- F4On February 20, 2019, the performance targets associated with these restricted share units were certified as having been achieved.
- F5These restricted share units vest in three equal annual installments beginning on February 22, 2019.