SEC Form 4 · accession 0001209191-16-110797
TRIBUNE MEDIA CO · TRCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Wert
Officer — President, Broadcast Media
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 5:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000726513
Table I — non-derivative securities
No Table I lines on this filing.
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 24, 2016 | A | 141 | A | — | — | Class A Common Stock | 141 | 20,600 | 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 RSUs represent dividend equivalent rights ("DERs") that accrued in respect of RSUs previously granted to the Reporting Person, as a result of payment of the quarterly cash dividend that was paid on the Issuer's Class A common stock on March 24, 2016. These DERs will vest proportionately and on the same terms and conditions with such related RSUs, except that fractional shares, if any, will be settled in cash.