SEC Form 4 · accession 0001545711-17-000006
INTERPUBLIC GROUP OF COMPANIES, INC. · IPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank Mergenthaler
Officer — EVP & CFO
Period of report
Feb 28, 2017
Accepted (ET)
Mar 1, 2017 · 8:03 pm EST
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 | Feb 28, 2017 | A | 66,878 | $24.2975 | A | 442,248 | D | |
| Common stockF3,F2 | Feb 28, 2017 | A | 148,739 | $24.2975 | A | 590,987 | D | |
| Common stockF4,F2 | Feb 28, 2017 | F | 95,467 | $24.2975 | D | 495,520 | D | |
| Common stockF5,F2 | Feb 28, 2017 | M | 102,188 | $11.70 | A | 597,708 | D | |
| Common stockF5,F6,F2 | Feb 28, 2017 | S | 102,188 | $24.26 | D | 495,520 | D | |
| Common stockF7,F8,F2 | Mar 1, 2017 | S | 88,652 | $24.30 | D | 406,868 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock options | $11.70 | Feb 28, 2017 | M | 102,188 | D | May 31, 2011 | May 31, 2017 | Common stock | 102,188 | 0 | D |
Explanation of responses
- F1Restricted shares that will vest on Feb 28, 2020.
- F2Includes restricted shares which are subject to forfeiture under certain circumstances.
- F3Performance based shares, awarded to Mr. Mergenthaler on Feb 28, 2017 after achieving specific performance goals and vesting over the 2014-2017 period.
- F4This is not an open market sale; rather it represents a surrender of shares to the company to satisfy withholding tax obligations.
- F5Involves the exercise of 102,188 options which were set to expire on May 31, 2017 and subsequent sale of the underlying shares.
- F6Reflects average price of multiple sales on Feb 28, 2017 ranging from $24.10-$24.49. Mr. Mergenthaler 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.
- F7Open market sale.
- F8Reflects average price of multiple sales on March 1 2017 ranging from $24.34-$24.44. Mr. Mergenthaler 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.