SEC Form 4 · accession 0001209191-17-010776
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
Feb 11, 2017
Accepted (ET)
Feb 14, 2017 · 6:13 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 | 1,664 | — | A | 2,591 | D | |
| Class A Common Stock | Feb 11, 2017 | F | 611 | $31.35 | D | 1,980 | 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 | 1,666 | D | — | — | Class A Common Stock | 1,664 | 25,525 | 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 2,191; 364; and 3,397 RSUs, respectively, as adjusted for the Company's August 2014 spin-off and April 2015 and February 2017 special dividends. Of these, 635; 105; and 924, respectively, vested on February 11, 2017, including 27; 4; and 40 shares distributed in respect of dividend equivalent rights granted in respect of the awards. On the vesting date, cash in lieu of .8002; .6180; and .4208 fractional shares, respectively, was also credited to the Reporting Person.