SEC Form 4 · accession 0000701374-16-000237
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance C Balk
Officer — Exec. VP and General Counsel
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 5:01 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 share | Feb 29, 2016 | M | 27,000 | $16.81 | A | 111,163 | D | |
| Common Stock, par value $0.025 per share | Feb 29, 2016 | M | 13,500 | $27.76 | A | 124,663 | D | |
| Common Stock, par value $0.025 per share | holding | — | — | — | 200,000 | I | By GRAT |
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 | $16.81 | Feb 29, 2016 | M | 27,000 | D | — | Aug 24, 2021 | Common Stock, par value $0.025 per share | 27,000 | 0 | D |
| Employee Stock Option (Right to Buy)F2 | $27.76 | Feb 29, 2016 | M | 13,500 | D | — | Aug 24, 2022 | Common Stock, par value $0.025 per share | 13,500 | 13,500 | D |
Explanation of responses
- F1Mr. Balk was granted an option to purchase 108,000 shares (as adjusted for stock splits) on August 24, 2011, 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.
- F2Mr. Balk was granted an option to purchase 54,000 shares (as adjusted for stock splits) on August 24, 2012, 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.