SEC Form 4 · accession 0000701374-16-000206
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Duffey
Officer — President, CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 8:08 pm EST
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,F2 | Feb 17, 2016 | A | 100,000 | $0.00 | A | 813,671 | D | |
| Common Stock, par value $0.025 per shareF3 | Feb 17, 2016 | A | 14,088 | $0.00 | A | 827,759 | 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)F5 | $51.38 | Feb 19, 2016 | A | 250,000 | A | — | Feb 19, 2026 | Common Stock, par value $0.25 per share | 250,000 | 250,000 | D |
Explanation of responses
- F1Reflects shares of stock earned under the Issuer's Project 500 Performance Award.
- F2Includes 176 shares of common stock acquired pursuant to the Issuer's Employee Stock Purchase Plan since the last-filed Form 4.
- F3Grant of shares of common stock pursuant to dividend equivalent rights under Issuer's Long-Term Incentive Plan. The number of shares of common stock granted was based on the conversion of cash dividend equivalents accumulated.
- F4The Reporting Person disclaims beneficial interest in such shares except to the extent of his pecuniary interest therein.
- F5One-fourth of the options will vest on each of the first four anniversaries of February 19, 2016, 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 of control, or as provided for by the Compensation Committee of the Issuer's Board of Directors.