SEC Form 4 · accession 0000065011-15-000054
MEREDITH CORP · MDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald C Berg
Director
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 3:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000065011
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock ($1 par value)F1 | May 21, 2015 | S | 179 | $53.09 | D | 121 | I | Executor of estate |
| Common Stock ($1 par value)F1 | May 21, 2015 | S | 121 | $53.08 | D | 0 | I | Executor of estate |
| Common Stock ($1 par value)F2 | holding | — | — | — | 2,351 | D | ||
| Common Stock (Restricted) ($1 par value)F3 | holding | — | — | — | 2,130 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock equivalent unitsF4 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock ($1 par value) | 5,985 | 5,985 | D |
| Non-Qualified Stock Option (right to buy)F5 | $51.22 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock ($1 par value) | 16,076 | 16,076 | D |
Explanation of responses
- F1Shares held by reporting person indirectly as executor of the estate of LaVerne C. Berg of which reporting person holds 25% interest.
- F2Shares held by the reporting person in street name.
- F3This restricted stock was awarded pursuant to the Meredith Corporation 2004 Stock Incentive Plan. The shares are subject to forfeiture and nontransferable until vested. Restrictions on the shares lapse on 1/3 of the shares per year commencing on the first anniversary of the grant date.
- F4Stock equivalents issued pursuant to the Meredith Corporation 2004 Stock Incentive Plan (the "Plan"), which will be converted to Common Stock ($1 par value) on a one-for-one basis upon the reporting person's retirement from or termination of service on the Meredith Board of Directors. Quarterly dividends are accrued in the form of additional stock equivalents.
- F5Nonqualified stock options awarded pursuant to the Meredith Corporation 2004 Stock Incentive Plan, which become exercisable one-third per year over a three-year period beginning on the first anniversary of the grant date, expire on the tenth anniversary of the grant date, and have exercise prices as specified in each award agreement.