SEC Form 4 · accession 0000701374-18-000161
Six Flags Entertainment Corp · SIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Reid-Anderson
Officer — Chairman, President & CEO · Director
Period of report
Jul 18, 2018
Accepted (ET)
Jul 20, 2018 · 4:58 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 | Jul 18, 2018 | M | 125,000 | $57.01 | A | 3,401,842 | D | |
| Common Stock, par value $0.025 per shareF2 | Jul 18, 2018 | A | 5,191 | $0.00 | A | 3,407,033 | D | |
| Common Stock, par value $0.025 per share | holding | — | — | — | 157,376 | I | By GRAT | |
| Common Stock, par value $0.025 per share | holding | — | — | — | 140,823 | 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 | $57.01 | Jul 18, 2018 | M | 125,000 | D | — | Jul 18, 2027 | Common Stock, par value $0.025 per share | 125,000 | 375,000 | D |
Explanation of responses
- F1Includes 374 shares of common stock acquired pursuant to the Issuer's Employee Stock Purchase Plan since the last-filed Form 4.
- F2Grant 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.
- F3Mr. Reid-Anderson was granted an option to purchase 500,000 shares on July 18, 2017, 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.