SEC Form 4 · accession 0001181431-15-003447
NEW YORK TIMES CO · NYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Follo
Officer — EVP & CFO
Period of report
Feb 25, 2015
Accepted (ET)
Feb 26, 2015 · 5:42 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 Stock | Feb 25, 2015 | M | 60,000 | $3.625 | A | 161,505 | D | |
| Class A Common StockF1 | Feb 25, 2015 | S | 60,000 | $14.0691 | D | 101,505 | 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)F2 | $3.625 | Feb 25, 2015 | M | 60,000 | D | — | Feb 19, 2019 | Class A Common Stock | 60,000 | 55,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.025 to $14.11, inclusive. The reporting person undertakes to provide to The New York Times Company, any security holder of The New York Times Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnotes 1 and 2 to the Form 4.
- F2Right to buy Class A Common Stock granted under The New York Times Company 1991 Executive Stock Incentive Plan. 115,000 options were granted February 19, 2009 and vested in three equal annual installments beginning February 19, 2010.