SEC Form 4 · accession 0001209191-17-048424
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
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 4:35 pm EDT
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 | Aug 8, 2017 | M | 42,000 | $11.13 | A | 136,523 | D | |
| Class A Common Stock | Aug 8, 2017 | M | 42,751 | $10.455 | A | 179,274 | D | |
| Class A Common Stock | Aug 8, 2017 | M | 53,410 | $7.215 | A | 232,684 | D | |
| Class A Common StockF1 | Aug 8, 2017 | S | 138,161 | $18.9686 | D | 94,523 | D | |
| Class A Common StockF2 | Aug 8, 2017 | I | 3,155 | $19.00 | D | 0 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF3 | $11.13 | Aug 8, 2017 | M | 42,000 | D | — | Feb 18, 2020 | Class A Common Stock | 42,000 | 0 | D |
| OptionsF4 | $10.455 | Aug 8, 2017 | M | 42,751 | D | — | Feb 17, 2021 | Class A Common Stock | 42,751 | 0 | D |
| OptionsF5 | $7.215 | Aug 8, 2017 | M | 53,410 | D | — | Feb 16, 2022 | Class A Common Stock | 53,410 | 0 | 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 $18.875 to $19.075 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, the information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote.
- F2Represents 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").
- F3Right to buy Class A Common Stock granted under The New York Times Company 1991 Executive Stock Incentive Plan. 42,000 options were granted February 18, 2010 and vested in three equal annual installments beginning February 18, 2011.
- F4Right to buy Class A Common Stock granted under The New York Times Company 2010 Incentive Compensation Plan. 42,751 options were granted February 17, 2011 and vested in three equal annual installments beginning February 17, 2012.
- F5Right to buy Class A Common Stock granted under The New York Times Company 2010 Incentive Compensation Plan. 53,410 options were granted February 16, 2012 and vested in three equal annual installments beginning February 16, 2013.