SEC Form 4 · accession 0001209191-17-033259
TRIBUNE MEDIA CO · TRCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward P Lazarus
Officer — EVP, General Counsel & CSO
Period of report
May 16, 2017
Accepted (ET)
May 17, 2017 · 5:18 pm EDT
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 | May 16, 2017 | M | 3,835 | — | A | 43,317 | D | |
| Class A Common Stock | May 16, 2017 | F | 1,830 | $40.22 | D | 41,487 | D |
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 | — | May 16, 2017 | M | 3,835 | D | — | Mar 1, 2018 | Class A Common Stock | 3,835 | 34,517 | D |
Explanation of responses
- F1Each performance share unit ("PSU") represents a contingent right to receive a share of the Company's Class A Common Stock. The PSUs vest during a two year performance period from March 1, 2016 until March 1, 2018, if a closing price of the Company's Class A Common Stock is maintained for 10 consecutive trading days that equals or exceeds $44 and each increment of $2 thereafter, up to a maximum of $64, as adjusted for dividends declared subsequent to the grant (each, a "stock price hurdle"). No stock price hurdle is counted twice. On May 16, 2017, the second stock price hurdle, as adjusted for dividends, was achieved.