SEC Form 4 · accession 0000701374-15-000149
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Duffey
Officer — Executive VP and CFO
Period of report
Oct 28, 2015
Accepted (ET)
Oct 30, 2015 · 4:38 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 28, 2015 | M | 150,000 | $10.00 | A | 863,495 | D | |
| Common Stock, par value $0.025 per shareF1,F2 | Oct 28, 2015 | S | 146,100 | $51.375 | D | 717,395 | D | |
| Common Stock, par value $0.025 per shareF1,F3 | Oct 28, 2015 | S | 3,900 | $51.834 | D | 713,495 | D | |
| Common Stock, par value $0.025 per shareF1 | Oct 29, 2015 | M | 3,040 | $10.00 | A | 716,535 | D | |
| Common Stock, par value $0.025 per shareF1 | Oct 29, 2015 | S | 3,040 | $52.00 | D | 713,495 | D | |
| Common Stock, par value $0.025 per shareF4 | holding | — | — | — | 16,000 | I | By Reporting Person's Wife as trustee of family trust UAD 11-22-2005 | |
| Common Stock, par value $0.025 per shareF4 | holding | — | — | — | 96,000 | I | By Reporting Person's Wife as trustee of family trust UAD 02-28-2006 |
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,F5 | $10.00 | Oct 28, 2015 | M | 150,000 | D | — | Sep 7, 2020 | Common Stock, par value $0.025 per share | 150,000 | 150,000 | D |
| Employee Stock Option (Right to Buy)F1,F5 | $10.00 | Oct 29, 2015 | M | 3,040 | D | — | Sep 7, 2020 | Common Stock, par value $0.025 per share | 3,040 | 146,960 | D |
Explanation of responses
- F1The transactions on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by John M. Duffey.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $50.81 to $51.80, inclusive. The reporting person undertakes to provide Issuer, any security holder of Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $51.81 to $51.88, inclusive. The reporting person undertakes to provide Issuer, any security holder of Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4The Reporting Person disclaims beneficial interest in such shares except to the extent of his pecuniary interest therein.
- F5Mr. Duffey was granted an option to purchase 600,000 shares (as adjusted for stock splits) on September 7, 2010, 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.