SEC Form 4 · accession 0001209191-16-118506
TRIBUNE MEDIA CO · TRCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Liguori
Officer — President and CEO · Director
Period of report
May 5, 2016
Accepted (ET)
May 9, 2016 · 5:01 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1,F2 | — | May 5, 2016 | A | 130,042 | A | — | Mar 1, 2018 | Class A Common Stock | 130,042 | 130,042 | D |
Explanation of responses
- F1Each performance share unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A common stock. Subject to Mr. Liguori's continued employment, the PSUs vest in installments upon the price of a share of the Issuer's Class A common stock achieving prices between $44 and $64 over a specified period.
- F2The expiration date of the PSUs will be March 1, 2018, except in certain circumstances relating to a change in control of the Issuer that occurs on or prior to March 1, 2019.