SEC Form 4 · accession 0001214659-18-005823
NEW YORK TIMES CO · NYT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur Sulzberger Jr.
Director
Period of report
Aug 28, 2018
Accepted (ET)
Aug 30, 2018 · 4:51 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 16, 2018 | G | 100 | $0.00 | D | 279,307 | D | |
| Class A Common Stock | Aug 16, 2018 | G | 100 | $0.00 | D | 279,207 | D | |
| Class A Common Stock | Aug 28, 2018 | M | 34,000 | $3.625 | A | 313,207 | D | |
| Class A Common StockF1 | Aug 28, 2018 | S | 34,000 | $23.7324 | D | 279,207 | D | |
| Class A Common StockF2 | holding | — | — | — | 1,400,000 | I | By trust. | |
| Class A Common StockF2 | holding | — | — | — | 25,000 | I | By trust. | |
| Class A Common StockF2 | holding | — | — | — | 25,000 | I | By trust. | |
| Class A Common StockF2 | holding | — | — | — | 984 | I | By trust. | |
| Class A Common StockF2 | holding | — | — | — | 984 | I | By trust. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options - Rights to BuyF3 | $3.625 | Aug 28, 2018 | M | 34,000 | D | — | Feb 19, 2019 | Class A Common Stock | 34,000 | 66,000 | 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 $23.70 to $23.80, 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, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F2The reporting person disclaims beneficial ownership of these shares.
- F3Rights to buy Class A Common Stock granted on February 19, 2009 under The New York Times Company 1991 Executed Stock Incentive Plan. The option has vested in three equal annual installments beginning on February 19, 2010.