SEC Form 4 · accession 0000065011-17-000107
MEREDITH CORP · MDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Lacy
Officer — Chairman and CEO · Director
Period of report
Aug 8, 2017
Accepted (ET)
Aug 15, 2017 · 6:44 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 | 21,000 | — | A | 30,274 | D | |
| Common Stock ($1 par value)F1 | Aug 12, 2017 | F | 10,184 | $56.80 | D | 20,090 | D | |
| Common Stock ($1 par value)F1 | Aug 14, 2017 | M | 65,000 | $45.69 | A | 85,090 | D | |
| Common Stock ($1 par value)F1 | Aug 14, 2017 | F | 58,264 | $57.20 | D | 26,826 | D | |
| Common Stock ($1 par value)F1,F3 | Aug 14, 2017 | S | 6,736 | $57.1697 | D | 20,090 | D | |
| Common Stock (Restricted) ($1 par value)F4 | holding | — | — | — | 4,604 | D | ||
| Common Stock ($1 par value)F5 | holding | — | — | — | 12,351 | 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 | 59,000 | A | Aug 8, 2020 | Aug 8, 2027 | Common Stock ($1 par value) | 59,000 | 59,000 | D |
| Restricted Stock UnitsF6 | $0.00 | Aug 8, 2017 | A | 18,250 | A | — | — | Common Stock ($1 par value) | 18,250 | 85,268 | D |
| Restricted Stock UnitsF2,F7 | $0.00 | Aug 12, 2017 | M | 21,000 | D | — | — | Common Stock ($1 par value) | 21,000 | 64,268 | D |
| Non-Qualified Stock Option (right to buy) | $45.69 | Aug 14, 2017 | M | 65,000 | D | Aug 12, 2017 | Aug 12, 2024 | Common Stock ($1 par value) | 65,000 | 0 | 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.
- F3The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $56.75 to $57.40, 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 reporting person's IRA and Meredith Corp. Savings & Investment Plan accounts, upon which quarterly dividends are paid in the form of additional Common Stock ($1 par value).
- F6Restricted Stock Units granted pursuant to Meredith Corporation's 2014 Stock Incentive Plan which will be converted to Common Stock ($1 par value) on a 1-for-1 basis upon the completion of a three-year period of service. Quarterly dividends are paid in cash.
- F7Restricted 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.