SEC Form 4 · accession 0000701374-16-000415
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mario L Centola
Officer — VP, Chief Accounting Officer
Period of report
Dec 1, 2016
Accepted (ET)
Dec 2, 2016 · 6:35 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 | Dec 1, 2016 | M | 13,500 | $11.01 | A | 17,222 | D | |
| Common Stock, par value $0.025 per shareF1 | Dec 1, 2016 | M | 6,000 | $16.81 | A | 23,222 | D | |
| Common Stock, par value $0.025 per shareF1 | Dec 1, 2016 | S | 19,500 | $57.27 | D | 3,722 | D |
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,F2 | $11.01 | Dec 1, 2016 | M | 13,500 | D | — | Sep 24, 2020 | Common Stock, par value $0.025 per share | 13,500 | 0 | D |
| Employee Stock Option (Right to Buy)F1,F3 | $16.81 | Dec 1, 2016 | M | 6,000 | D | — | Aug 24, 2021 | Common Stock, par value $0.025 per share | 6,000 | 0 | D |
Explanation of responses
- F1The transactions on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by Mario L. Centola.
- F2Mr. Centola was granted an option to purchase 13,500 shares (as adjusted for stock splits) on September 24, 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.
- F3Mr. Centola was granted an option to purchase 6,000 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.