SEC Form 4 · accession 0001214659-17-004631
NEW YORK TIMES CO · NYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Golden
Director
Period of report
Jul 27, 2017
Accepted (ET)
Jul 31, 2017 · 6:00 am 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 StockF1,F2 | Jul 27, 2017 | A | 18 | $0.00 | A | 328,887 | D | |
| Class A Common StockF3 | holding | — | — | — | 3,356 | I | By 401(k) Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2010 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs"). Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant. Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.
- F2In addition, the reporting person owns 1,400,000 shares of Class A Common Stock indirectly by a trust.
- F3Represents shares of Class A Common Stock equivalents attributed to the reporting person's 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 June 30, 2017. The number of shares was calculated by dividing the dollar value of the reporting person's holdings in such fund as of June 30, 2017 by the per share closing price of the Class A Common Stock on June 30, 2017.