SEC Form 4 · accession 0001209191-17-011647
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 14, 2017
Accepted (ET)
Feb 16, 2017 · 6:05 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 Stock | Feb 14, 2017 | A | 4,898 | $0.00 | A | 34,964 | D | |
| Class A Common Stock | Feb 14, 2017 | F | 1,524 | $31.98 | D | 33,440 | 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 14, 2017 | A | 7,973 | A | — | — | Class A Common Stock | 7,973 | 18,202 | D |
| Employee Stock Options (right to buy)F3 | $31.98 | Feb 14, 2017 | A | 32,196 | A | — | Feb 14, 2027 | Class A Common Stock | 32,196 | 32,196 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") convert into shares of Class A Common Stock upon vesting on a one-for-one basis.
- F2The RSUs will vest and settle into shares of Class A Common Stock in four equal annual installments beginning February 14, 2018, subject to the Reporting Person's continued employment.
- F3The options will vest and become exercisable in four equal annual installments beginning on February 14, 2018, subject to the Reporting Person's continued employment.