SEC Form 4 · accession 0001209191-17-017712
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:02 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 | Mar 1, 2017 | M | 4,753 | — | A | 8,719 | D | |
| Class A Common Stock | Mar 1, 2017 | F | 1,786 | $37.38 | D | 6,933 | 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 | — | Mar 1, 2017 | M | 4,754 | D | — | — | Class A Common Stock | 4,753 | 27,572 | 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 June 20, 2013 and February 11, 2014 the Reporting Person was granted awards of 3,536 and 11,556 RSUs, respectively, as adjusted for the Company's August 2014 spin-off and April 2015 and February 2017 special dividends. Of these, 1,113 and 3,640, respectively, vested on March 1, 2017, including 48 and 159 shares distributed in respect of dividend equivalent rights granted in respect of the awards. On the vesting date, cash in lieu of .6966 and .1671 fractional shares, respectively, was also credited to the Reporting Person.