SEC Form 4 · accession 0000925421-17-000022
TEGNA INC · TGNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Mayman
Officer — EVP, Chief Legal and Admin Off
Period of report
Dec 31, 2016
Accepted (ET)
Jan 4, 2017 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000039899
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2016 | M | 18,909 | — | A | 75,159 | D | |
| Common Stock | Dec 31, 2016 | F | 9,020 | $21.39 | D | 66,139 | D | |
| Common StockF3 | Jan 3, 2017 | S | 9,889 | $21.4639 | D | 56,250 | D | |
| Common Stock | holding | — | — | — | 9,877 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Dec 31, 2016 | M | 18,909 | D | Dec 31, 2016 | Dec 31, 2016 | Common Stock | 18,909 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | Jan 1, 2017 | A | 15,909 | A | — | — | Common Stock | 15,909 | 15,909 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
- F2Represents shares of common stock withheld to satisfy the reporting person's tax obligation upon the vesting of restricted stock units and the corresponding acquisition of shares of common stock by the reporting person pursuant to the Issuer's 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010), as amended.
- F3The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $21.35 to $21.70, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4The restricted stock units vest in four equal annual installments beginning on December 31, 2017 and, unless delivered earlier following a termination of employment of the reporting person or a change in control of the Issuer, the corresponding vested shares of the Issuer's common stock will be delivered to the reporting person in four equal annual installments beginning on January 2, 2018.