SEC Form 4 · accession 0000925421-18-000346
TEGNA INC · TGNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifton A. McClelland III
Officer — SVP, Cntlr and Prin. Acc. Off.
Period of report
Dec 6, 2018
Accepted (ET)
Dec 7, 2018 · 4:40 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 6, 2018 | M | 7,740 | $8.40 | A | 37,205 | D | |
| Common Stock | Dec 6, 2018 | F | 5,830 | $12.99 | D | 31,375 | D | |
| Common Stock | holding | — | — | — | 2,271 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F3 | $8.40 | Dec 6, 2018 | M | 7,740 | D | — | Dec 10, 2018 | Common Stock | 7,740 | 0 | D |
Explanation of responses
- F1The option was previously reported as an option for 5,000 shares of common stock of the Issuer at an exercise price of $15.69 per share, but was adjusted to reflect the completions of the previously-announced spin-offs of (1) the Issuer's publishing business on June 29, 2015, and (2) the Issuer's digital automotive marketplace business on May 31, 2017.
- F2Represents (i) shares of common stock surrendered by the reporting person to pay the exercise price of non-qualified stock options exercised by the reporting person, and (ii) shares of common stock withheld to satisfy the reporting person's corresponding tax obligation, in each case, pursuant to the Issuer's 2001 Omnibus Incentive Compensation Plan (Amended and Restated as of May 4, 2010), as amended.
- F3The option is fully vested.