SEC Form 4 · accession 0001144204-17-012340
Stagwell Inc · STGW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Corwin Ross
Officer — See Remarks
Period of report
Mar 1, 2017
Accepted (ET)
Mar 2, 2017 · 9:36 am 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 SharesF2,F1 | Mar 1, 2017 | P | 5,000 | $8.65 | A | 135,000 | D | |
| Class A SharesF1 | holding | — | — | — | 130,000 | 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 | holding | — | — | — | Jan 31, 2020 | Jan 31, 2022 | Class A Shares | 43,000 | 43,000 | D |
Explanation of responses
- F1Includes 100,000 shares of unvested Restricted Stock (Class A Shares) of the Issuer.
- F2A total of 5,000 Class A Shares of the Issuer were purchased by the Reporting Person on the open market at a per share price of $8.65 USD on March 1, 2017.
- 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 discrtion of the Issuer.
Remarks
EVP, Strategy & Corporate Development