SEC Form 4 · accession 0000065011-16-000310
MEREDITH CORP · MDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Lacy
Officer — Chairman, President & CEO · Director
Period of report
Aug 13, 2016
Accepted (ET)
Aug 18, 2016 · 3:36 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 (Restricted) ($1 par value)F1 | Aug 13, 2016 | F | 9,699 | $53.37 | D | 15,415 | D | |
| Common Stock (Restricted) ($1 par value)F1 | Aug 13, 2016 | M | 10,301 | $53.37 | D | 5,114 | D | |
| Common Stock ($1 par value)F2 | Aug 13, 2016 | M | 10,301 | $53.37 | A | 16,975 | D | |
| Common Stock ($1 par value)F2,F3 | Aug 17, 2016 | S | 10,301 | $54.1328 | D | 6,674 | D | |
| Common Stock ($1 par value)F2 | Aug 16, 2016 | M | 65,000 | $0.00 | A | 71,674 | D | |
| Common Stock ($1 par value)F2,F4 | Aug 16, 2016 | F | 61,191 | $54.0068 | D | 10,483 | D | |
| Common Stock ($1 par value)F2,F4 | Aug 16, 2016 | S | 3,809 | $54.0068 | D | 6,674 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $0.00 | Aug 16, 2016 | M | 65,000 | D | Aug 8, 1988 | Aug 8, 1988 | Non-Qualified Stock Option (right to buy) | 65,000 | 326,500 | D |
Explanation of responses
- F1Shares were awarded pursuant to the Meredith Corporation Stock Incentive Plans. The shares are subject to forfeiture and are nontransferable until vested, either on the third or the fifth anniversary of the grant date, as specified in each award agreement.
- F2Shares held by the reporting person in street name.
- F3The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $54.07 to $54.29, inclusive. The reporting person undertakes to provide Meredith, any securityholder of Meredith Corporation, or the Staff of the Securities and Exchange Commission, upon request, separate prices within the range set forth in footnote (2) to this Form 4.
- F4The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $53.99 to $54.03, inclusive. The reporting person undertakes to provide Meredith, any securityholder of Meredith Corporation, or the Staff of the Securities and Exchange Commission, upon request, separate prices within the range set forth in footnote (2) to this Form 4.
- F5Nonqualified stock options granted pursuant to the Meredith Corporation Stock Incentive Plan. Each becomes exercisable in its entirety on the third anniversary of the grant date, expires on the tenth anniversary of the grant date, and has an exercise price as specified in the award agreement.