SEC Form 4 · accession 0001144204-18-012560
Stagwell Inc · STGW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B. Doft
Officer — Chief Financial Officer
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 4:31 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 SharesF3,F2 | Feb 28, 2018 | A | 53,476 | $0.00 | A | 306,580 | D | |
| Class A SharesF1 | holding | — | — | — | 1,500 | I | See Footnote | |
| Class A SharesF2 | holding | — | — | — | 253,104 | 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 RightsF4 | $6.60 | holding | — | — | — | Jan 31, 2020 | Jan 31, 2022 | Class A Shares | 50,000 | 50,000 | D |
Explanation of responses
- F1The Reporting Person also indirectly holds 1,500 Class A Shares in a UTMA account for the benefit of his son.
- F2Includes shares of unvested Restricted Stock (Class A Shares)
- F3All 53,476 shares of Restricted Stock (Class A Shares) of the Issuer awarded on February 28, 2018 will vest on March 1, 2021, subject to achievement of financial performance targets and continued employment.
- F4SAR'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.