SEC Form 4 · accession 0001653528-17-000016
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
Apr 19, 2017
Accepted (ET)
Apr 21, 2017 · 12:33 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 StockF1 | Apr 19, 2017 | C | 4,560 | — | A | 4,560 | D | |
| Class A Common Stock | Apr 19, 2017 | F | 4,560 | $51.35 | 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)F2 | $28.47 | Apr 19, 2017 | M | 8,226 | D | — | May 18, 2017 | Class B Common Stock | 8,226 | 0 | D |
| Class B Common StockF3 | — | Apr 19, 2017 | M | 8,226 | A | — | — | Class A Common Stock | 8,226 | 886,701 | D |
| Class B Common StockF3 | — | Apr 19, 2017 | C | 4,560 | D | — | — | Class A Common Stock | 4,560 | 882,141 | D |
Explanation of responses
- F1Acquired upon conversion of Class B Common Stock on a 1-for-1 basis.
- F2Options became exercisable in 20% increments on each of March 1, 2008, 2009, 2010, 2011, and 2012.
- F3Class B Common Stock automatically converts into Class A Common Stock on a 1-for-1 basis upon its sale by the reporting person.