SEC Form 4 · accession 0000065011-17-000088
MEREDITH CORP · MDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Karpowicz
Officer — President-Local Media Group
Period of report
Jul 31, 2017
Accepted (ET)
Aug 2, 2017 · 5:45 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,F2 | Jul 31, 2017 | S | 15,400 | $60.2766 | D | 66,658 | D | |
| Common Stock ($1 par value)F1 | Jul 31, 2017 | M | 31,000 | $32.85 | A | 97,658 | D | |
| Common Stock ($1 par value)F1 | Jul 31, 2017 | M | 20,000 | $47.92 | A | 117,658 | D | |
| Common Stock ($1 par value)F1 | Jul 31, 2017 | F | 22,915 | $61.25 | D | 94,743 | D | |
| Common Stock ($1 par value)F1 | Jul 31, 2017 | F | 17,404 | $62.30 | D | 77,339 | D | |
| Common Stock ($1 par value)F1,F3 | Jul 31, 2017 | S | 7,050 | $60.4098 | D | 70,289 | D | |
| Common Stock (Restricted) ($1 par value)F4 | holding | — | — | — | 2,504 | D | ||
| Common Stock ($1 par value)F5 | holding | — | — | — | 9,089 | I | By Managed Account |
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) | $32.85 | Jul 31, 2017 | M | 31,000 | D | Aug 10, 2013 | Aug 10, 2020 | Common Stock ($1 par value) | 31,000 | 0 | D |
| Non-Qualified Stock Option (right to buy) | $47.92 | Jul 31, 2017 | M | 20,000 | D | Aug 13, 2016 | Aug 13, 2023 | Common Stock ($1 par value) | 20,000 | 0 | D |
Explanation of responses
- F1Shares held by reporting person in a registered account & in street name accounts (one street name with spouse).
- F2The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $60.00 to $60.45, 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.
- F3The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $60.00 to $60.70, 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 (3) to this Form 4.
- F4Shares 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.
- F5Shares held in the reporting person's Meredith Corporation Employee Stock Purchase Plan account. Quarterly dividends are paid in the form of additional Common Stock, $1 par value.