SEC Form 4 · accession 0001209191-17-010758
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
Feb 11, 2017
Accepted (ET)
Feb 14, 2017 · 6:09 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 | Feb 11, 2017 | M | 5,349 | — | A | 31,730 | D | |
| Class A Common Stock | Feb 11, 2017 | F | 1,664 | $31.35 | D | 30,066 | 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 | — | Feb 11, 2017 | M | 5,351 | D | — | — | Class A Common Stock | 5,349 | 10,229 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") convert into shares of Class A Common Stock upon vesting on a one-for-one basis.
- F2On February 11, 2014, March 5, 2014 and February 11, 2015, the Reporting Person was granted awards of 3,370; 559; and 9,795 RSUs, respectively, as adjusted for the Company's August 2014 spin-off and April 2015 and February 2017 special dividends. Of these, 978; 162; and 4,209, respectively, vested on February 11, 2017, including 42; 7; and 183 shares distributed in respect of dividend equivalent rights granted in respect of the awards. On the vesting date, cash in lieu of .7983; .0872; and 1.0869 aggregate fractional shares, respectively, was also credited to the Reporting Person.