SEC Form 4 · accession 0000701374-15-000143
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brett Petit
Officer — Senior VP - Marketing
Period of report
Oct 19, 2015
Accepted (ET)
Oct 21, 2015 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000701374
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.025 per shareF1 | Oct 19, 2015 | M | 10,500 | $34.49 | A | 212,453 | D | |
| Common Stock, par value $0.025 per shareF1 | Oct 19, 2015 | M | 6,250 | $37.54 | A | 218,703 | D | |
| Common Stock, par value $0.025 per shareF1 | Oct 19, 2015 | S | 18,704 | $50.00 | D | 199,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F2 | $34.49 | Oct 19, 2015 | M | 10,500 | D | — | Aug 24, 2023 | Common Stock, par value $0.025 per share | 10,500 | 10,500 | D |
| Employee Stock Option (Right to Buy)F1,F3 | $37.54 | Oct 19, 2015 | D | 6,250 | D | — | Aug 24, 2024 | Common Stock, par value $0.025 per share | 6,250 | 18,750 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by Brett Petit.
- F2Mr. Petit was granted an option to purchase 21,000 shares on August 24, 2013, which vests 25% on each of the first four anniversaries of the grant date if the reporting person has been continuously employed with the Issuer through such date, subject to accelerated vesting in certain events, including certain terminations or upon a change in control, or as provided for by the Compensation Committee of the Issuer's Board of Directors.
- F3Mr. Petit was granted an option to purchase 25,000 shares on August 24, 2014, which vests 25% on each of the first four anniversaries of the grant date if the reporting person has been continuously employed with the Issuer through such date, subject to accelerated vesting in certain events, including certain terminations or upon a change in control, or as provided for by the Compensation Committee of the Issuer's Board of Directors.