SEC Form 4 · accession 0001736749-18-000021
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 28, 2018
Accepted (ET)
Nov 30, 2018 · 10:24 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000886136
Table I — non-derivative securities
No Table I lines on this filing.
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 StockF2,F1 | — | Nov 28, 2018 | A | 36,629 | A | — | — | Class A Common Stock | 36,629 | 922,918 | D |
Explanation of responses
- F1Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis.
- F2Grant of restricted stock which vests in one-third increments on November 6, 2019, 2020 and 2021, unless the reporting person is no longer an employee on the applicable date. Any restricted stock which does not vest is forfeited. Notwithstanding the above, if the reporting person is an employee on the occurrence or deemed occurrence of a change in control, all restricted stock shall vest.