SEC Form 4 · accession 0001209191-18-010073
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 12, 2018
Accepted (ET)
Feb 14, 2018 · 5:55 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 12, 2018 | M | 100,000 | $20.235 | A | 194,523 | D | |
| Class A Common StockF1 | Feb 12, 2018 | S | 110,000 | $24.0243 | D | 84,523 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2 | $20.235 | Feb 12, 2018 | M | 100,000 | D | — | Feb 21, 2018 | Class A Common Stock | 100,000 | 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 $24.00 to $24.2065 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.
- F2Right to buy Class A Common Stock granted under The New York Times Company 1991 Executive Stock Incentive Plan. 100,000 options were granted February 21, 2008 and vested in four equal annual installments beginning February 21, 2009.