SEC Form 4 · accession 0001652005-15-000003
SAGA COMMUNICATIONS INC · SGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward K Christian
Officer — Chairman, President & CEO
Period of report
Sep 15, 2015
Accepted (ET)
Sep 17, 2015 · 4:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886136
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Sep 15, 2015 | M | 31,848 | $27.00 | A | 31,848 | D | |
| Class A Common Stock | Sep 15, 2015 | F | 27,760 | $35.07 | D | 4,088 | D | |
| Class A Common Stock | Sep 15, 2015 | D | 4,088 | $35.07 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $27.00 | Sep 15, 2015 | M | 31,848 | D | — | Mar 1, 2016 | Class B Common Stock | 31,848 | 0 | D |
Explanation of responses
- F1Options became exercisable in 20% increments on each of March 1, 2007, 2008, 2009, 2010 and 2011.
- F2Class B Common Stock automatically converts into Class A Common Stock on a 1-for-1 basis upon its sale by the reporting person.