SEC Form 4 · accession 0000701374-16-000372
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Reid-Anderson
Officer — Exec. Chairman · Director
Period of report
Aug 24, 2016
Accepted (ET)
Aug 26, 2016 · 5:48 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,F2 | Aug 24, 2016 | A | 13,059 | $0.00 | A | 3,075,504 | D | |
| Common Stock, par value $0.025 per share | Aug 25, 2016 | M | 50,000 | $27.76 | A | 3,125,504 | D | |
| Common Stock, par value $0.025 per share | Aug 25, 2016 | M | 62,500 | $37.54 | A | 3,188,004 | D | |
| Common Stock, par value $0.025 per share | holding | — | — | — | 386,500 | I | By GRAT | |
| Common Stock, par vaule $0.025 per share | holding | — | — | — | 113,500 | I | By Reporting Person's Wife as Trustee of family trust UAD 11-15-2013 |
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)F3 | $27.76 | Aug 25, 2016 | M | 50,000 | D | — | Aug 24, 2022 | Common Stock, par value $0.025 per share | 50,000 | 0 | D |
| Employee Stock Option (Right to Buy)F4 | $37.54 | Aug 25, 2016 | M | 62,500 | D | — | Aug 24, 2024 | Common Stock, par value $0.025 per share | 62,500 | 125,000 | D |
Explanation of responses
- F1Grant 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.
- F2Includes 345 shares of common stock acquired pursuant to the Issuer's Employee Stock Purchase Plan since the last-filed Form 4.
- F3Mr. Reid-Anderson was granted an option to purchase 200,000 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.
- F4Mr. Reid-Anderson was granted an option to purchase 250,000 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.