SEC Form 4 · accession 0000701374-16-000379
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
Aug 31, 2016
Accepted (ET)
Sep 1, 2016 · 4:56 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 share | Aug 31, 2016 | M | 146,960 | $10.00 | A | 981,464 | D | |
| Common Stock, par value $0.025 per shareF1 | 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 shareF1 | 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)F2 | $10.00 | Aug 31, 2016 | M | 146,960 | D | — | Sep 7, 2020 | Common Stock, par value $0.025 per share | 146,960 | 0 | D |
Explanation of responses
- F1The Reporting Person disclaims beneficial interest in such shares except to the extent of his pecuniary interest therein.
- F2Mr. 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.