SEC Form 4 · accession 0001225208-16-042493
SIRIUS XM HOLDINGS INC. · (SIRI)
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Verbrugge
Officer — EVP, Sales and Development
Period of report
Nov 30, 2016
Accepted (ET)
Dec 1, 2016 · 4:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000908937
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 30, 2016 | A | 1,022 | $0.00 | A | 461,713 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 30, 2016, Sirius XM Holdings Inc. ("Sirius") paid a cash dividend of $0.01 per share on each share of its outstanding common stock. The dividend was payable to all holders of Sirius' common stock on the record date, November 9, 2016. Pursuant to the terms of the agreement governing the outstanding restricted stock units held by Mr. Verbrugge, Mr. Verbrugge received an additional 1,022 restricted stock units as a result of the payment of this cash dividend. These additional units are subject to the same conditions regarding vesting and settlement as the underlying restricted stock units to which they relate.