SEC Form 4 · accession 0001144204-17-005449
Stagwell Inc · STGW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell Gendel
Officer — Gen. Counsel & Corp. Secretary
Period of report
Jan 31, 2017
Accepted (ET)
Feb 1, 2017 · 7:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000876883
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A SharesF1,F2 | Jan 31, 2017 | A | 80,000 | $0.00 | A | 274,668 | D | |
| Class A SharesF1 | holding | — | — | — | 194,668 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF3 | $6.60 | Jan 31, 2017 | A | 50,000 | A | Jan 31, 2020 | Jan 31, 2022 | Class A Shares | 50,000 | 50,000 | D |
Explanation of responses
- F1Includes shares of unvested Restricted Stock (Class A Shares) of the Issuer.
- F2All 80,000 shares of Restricted Stock (Class A Shares) of the Issuer awarded on January 31, 2017 will vest only upon achievement of financial performance targets in 2017-2019, subject to continued employment.
- F3SAR's granted January 31, 2017, vest on the third anniversary of the grant date, and expire on January 31, 2022. These SAR's may be settled in cash or stock, at the discretion of the Issuer.