SEC Form 4 · accession 0001209191-17-067139
GRAY TELEVISION INC · GTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Paul Latek
Officer — EVP Chief L & D Officer
Period of report
Dec 20, 2017
Accepted (ET)
Dec 22, 2017 · 6:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000043196
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 20, 2017 | S | 50,790 | $16.99 | D | 219,706 | D | |
| Common StockF3 | Dec 21, 2017 | S | 46,844 | $16.93 | D | 172,862 | D | |
| Class A Common Stock | holding | — | — | — | 53,517 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Stock sold pursuant to a Rule 10b5-1 plan in existence prior to November 27, 2017 and that was adopted for the purpose of diversifying Mr. Latek's investments. After this sale and as of the date of this filing, Mr. Latek continues to hold stock, options, and unvested restricted stock (GTN and GTN-A) that have an aggregate market value exceeding six times his annual salary.
- F2This is the weighted average sale price for multiple open market sales on 12/20/2017. The sales price of each transaction ranged from $16.73 to $17.20 per share, inclusive. The reporting person undertakes to provide to Gray Television, Inc., any security holder of Gray Television, Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- F3This is the weighted average sale price for multiple open market sales on 12/21/2017. The sales price of each transaction ranged from $16.73 to $17.30 per share, inclusive. The reporting person undertakes to provide to Gray Television, Inc., any security holder of Gray Television, Inc., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.