SEC Form 4 · accession 0001209191-19-001502
TRIBUNE MEDIA CO · TRCO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chandler Bigelow
Officer — EVP & CFO
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 8:02 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 Stock | Dec 31, 2018 | F | 3,081 | $45.38 | D | 85,220 | D | |
| Class A Common StockF1 | Jan 2, 2019 | M | 29,806 | — | A | 115,026 | D | |
| Class A Common Stock | Jan 2, 2019 | F | 9,996 | $45.18 | D | 105,030 | 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 | — | Jan 2, 2018 | A | 29,806 | A | — | Dec 31, 2020 | Class A Common Stock | 29,806 | 29,806 | D |
| Performance Share UnitsF1 | — | Jan 2, 2018 | M | 29,806 | D | — | Dec 31, 2020 | Class A Common Stock | 29,806 | 0 | D |
Explanation of responses
- F1Each performance share unit ("PSU") represents a contingent right to receive one share of the Company's Class A Common Stock. The PSUs were granted on January 2, 2019, upon the effectiveness of the Reporting Person's new employment agreement, and all vested as of that date because the Company's Class A Common Stock achieved a closing market price of at least $45.00 per share for a period of fifteen consecutive trading days following the execution of the new employment agreement.