SEC Form 4 · accession 0001653528-16-000034
SAGA COMMUNICATIONS INC · SGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward K Christian
Officer — Chairman, President & CEO · Director · 10% Owner
Period of report
Nov 6, 2016
Accepted (ET)
Nov 8, 2016 · 4:17 pm EST
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 StockF1 | Nov 6, 2016 | C | 11,675 | — | A | 11,675 | D | |
| Class A Common StockF2 | Nov 6, 2016 | F | 11,675 | $40.05 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF3 | — | Nov 6, 2016 | C | 11,675 | D | — | — | Class A Common Stock | 11,675 | 853,181 | D |
Explanation of responses
- F1Acquired upon conversion of Class B Common Stock on a 1-for-1 basis.
- F2The shares were forfeited for payment of tax withholding obligations related to the vesting of restricted stock.
- F3Class B Common Stock automatically converts into Class A Common Stock on a 1-for-1 basis upon its sale by the reporting person.