SEC Form 4 · accession 0001545711-16-000041
INTERPUBLIC GROUP OF COMPANIES, INC. · IPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Isor Roth
Officer — Chairman & CEO
Period of report
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 6:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000051644
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 27, 2016 | M | 250,000 | $8.655 | A | 865,986 | D | |
| Common StockF1,F3,F2 | Apr 27, 2016 | S | 250,000 | $23.293 | D | 615,986 | D | |
| Common StockF1,F2 | Apr 28, 2016 | M | 250,000 | $8.655 | A | 865,986 | D | |
| Common StockF1,F4,F2 | Apr 28, 2016 | S | 250,000 | $23.211 | D | 615,986 | D | |
| Common StockF5 | holding | — | — | — | 500,000 | I | TRUST |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $8.655 | Apr 27, 2016 | M | 250,000 | D | Jun 15, 2010 | Jun 15, 2016 | Common Stock | 250,000 | 0 | D |
| Stock Options | $8.655 | Apr 28, 2016 | M | 250,000 | D | Jun 15, 2010 | Jun 15, 2016 | Common Stock | 250,000 | 0 | D |
Explanation of responses
- F1Involves the exercise of 500,000 options which were set to expire on June 15, 2016 and subsequent sale of underlying shares. The options were exercised in 2 increments consisting of 250,000 on 4/27/2016 and 250,000 on 4/28/2016.
- F2Includes restricted shares which are subjected to forfeiture under certain circumstances.
- F3Reflects average price of multiple sales ranging from $23.12-$23.44. Mr. Roth undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F4Reflects average price of multiple sales on April 28, 2016 ranging from $23.00-$23.42. Mr. Roth undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F5Shares are held in the Michael I Roth 2015 GRAT.