SEC Form 4 · accession 0001140361-16-054343
NEW YORK TIMES CO · NYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur Sulzberger Jr.
Officer — Chairman and Publisher · Director
Period of report
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000071691
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Feb 18, 2016 | A | 325,806 | $0.00 | A | 525,568 | D | |
| Class A Common StockF3 | Feb 18, 2016 | F | 181,866 | $12.86 | D | 343,702 | D | |
| Class A Common StockF4 | holding | — | — | — | 3,287 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares acquired by the reporting person upon the achievement of specific goals under pre-established performance measures over a performance period from December 31, 2012 to December 27, 2015, pursuant to a performance based equity award under The New York Times Company's 2010 Incentive Compensation Plan.
- F2In addition, the reporting person owns 1,400,000 shares of Class A Common Stock indirectly by a trust.
- F3Delivery of shares to The New York Times Company to satisfy tax withholding obligations related to shares acquired pursuant to the performance based equity award under The New York Times Company's 2010 Incentive Compensation Plan.
- F4Represents shares of Class A stock equivalents attributed to holdings in the Company Stock Fund of The New York Times Companies Supplemental Retirement and Investment Plan (the "401(k) Plan"), based on a plan statement dated as of December 31, 2015. The number of shares was calculated by dividing the dollar value of the reporting person's holdings in such fund by the closing price of The New York Times Company Class A Common Stock on December 31, 2015.