SEC Form 4 · accession 0001209191-16-105344
TRIBUNE MEDIA CO · TRCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Cherniss
Officer — Pres. and Gen. Mgr., WGN Amer.
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000726513
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 1, 2016 | M | 5,324 | — | A | 15,242 | D | |
| Class A Common Stock | Mar 1, 2016 | F | 2,002 | $37.91 | D | 13,240 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 1, 2016 | M | 3,893 | D | — | — | Class A Common Stock | 3,893 | 14,162 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 1, 2016 | M | 1,431 | D | — | — | Class A Common Stock | 1,431 | 12,730 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") is the economic equivalent of one share of the Issuer's Class A Common Stock.
- F2The Reporting Person received two grants of RSUs on June 20, 2013. In addition, the Reporting Person received a grant of RSUs on February 11, 2014. Of the first June 20, 2013 grant and the February 11, 2014 grant (plus accrued dividend equivalents), 912.2244 and 2,981.0192 RSUs, respectively, vested on March 1, 2016. The remaining RSUs from these grants (together with accrued dividend equivalents) will vest on March 1, 2017, subject to the Reporting Person's continued employment. Fractional shares were cashed out.
- F3All remaining RSUs from the second June 20, 2013 grant (plus accrued dividend equivalents) vested on March 1, 2016. Fractional shares were cashed out.