SEC Form 4 · accession 0001480576-15-000001
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD · CETV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Penn
Officer — EVP, General Counsel
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 12:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000925645
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Time-based Restricted Stock UnitsF1,F2 | — | Mar 13, 2015 | A | 37,456 | A | — | — | Class A Common Stock, par value $0.08 per share | 37,456 | 37,456 | D |
| Performance-based Restricted Stock UnitsF1,F3 | — | Mar 13, 2015 | A | 149,816 | A | Mar 13, 2019 | Mar 13, 2019 | Class A Common Stock, par value $0.08 per share | 149,816 | 149,816 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F2Unless earlier forfeited under the award agreement, 9,364 restricted stock units will vest on each of 03/13/2016, 03/13/2017, 03/13/2018 and 03/13/2019.
- F3Unless earlier forfeited under the award agreement, vesting of these restricted stock units is subject to performance vesting criteria established by the Company's Compensation Committee as well as continuing service requirements. 25% of these performance-based restricted stock units are eligible for early vesting on each of 03/13/2017 and 03/13/2018 provided that the performance metric to be achieved as of each such early vesting date is satisfied.