SEC Form 4 · accession 0000065011-17-000106
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
Aug 8, 2017
Accepted (ET)
Aug 15, 2017 · 6:43 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 | Aug 12, 2017 | M | 7,300 | — | A | 73,958 | D | |
| Common Stock ($1 par value)F1 | Aug 12, 2017 | F | 3,194 | $56.80 | D | 70,764 | D | |
| Common Stock (Restricted) ($1 par value)F3 | holding | — | — | — | 2,504 | D | ||
| Common Stock ($1 par value)F4 | 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) | $58.00 | Aug 8, 2017 | A | 22,500 | A | Aug 8, 2020 | Aug 8, 2027 | Common Stock ($1 par value) | 22,500 | 22,500 | D |
| Restricted Stock UnitsF5 | $0.00 | Aug 8, 2017 | A | 8,050 | A | — | — | Common Stock ($1 par value) | 8,050 | 37,050 | D |
| Restricted Stock UnitsF2,F6 | $0.00 | Aug 12, 2017 | M | 7,300 | D | — | — | Common Stock ($1 par value) | 7,300 | 29,750 | D |
Explanation of responses
- F1Shares held by reporting person in a registered account & in street name accounts (one street name with spouse).
- F2Represents a restricted stock unit vesting.
- F3Shares 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.
- F4Shares 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.
- F5Restricted Stock Units granted pursuant to Meredith Corporation's 2014 Stock Incentive Plan which will be converted to Common Stock ($1 par value) on a one-for-one basis upon the completion of a three-year period of service.
- F6Restricted Stock Units granted pursuant to Meredith Corporation's 2004 Stock Incentive Plan which were converted to Common Stock ($1 par value) on August 12, 2017.