SEC Form 4 · accession 0001209191-18-058288
NEW YORK TIMES CO · NYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Anthony Benten
Officer — SVP, Treasurer & Controller
Period of report
Nov 8, 2018
Accepted (ET)
Nov 13, 2018 · 4:39 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 | Nov 8, 2018 | M | 11,015 | $10.455 | A | 50,921 | D | |
| Class A Common StockF1 | Nov 8, 2018 | S | 11,015 | $27.6734 | D | 39,906 | 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 | $10.455 | Nov 8, 2018 | M | 11,015 | D | — | Feb 17, 2021 | Class A Common Stock | 11,015 | 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 $27.660 to $27.695 inclusive. The reporting person undertakes to provide 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 2010 Incentive Compensation Plan. 11,015 options were granted February 17, 2011 and vested in three equal annual installments beginning February 17, 2012.