SEC Form 4 · accession 0001480576-17-000001
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 7, 2017
Accepted (ET)
Mar 9, 2017 · 8:51 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000925645
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 7, 2017 | M | 10,163 | $0.00 | A | 130,188 | D | |
| Class A Common StockF2 | Mar 7, 2017 | S | 10,163 | $3.051 | D | 120,025 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Mar 7, 2017 | M | 10,163 | D | — | — | Class A Common Stock | 10,163 | 30,489 | D |
| Restricted Stock UnitsF5,F6 | — | Mar 7, 2017 | A | 48,388 | A | — | — | Class A Common Stock | 48,388 | 48,388 | D |
Explanation of responses
- F1Shares of Class A Common Stock acquired upon the vesting and settlement of part of a grant of time-based restricted stock units made on March 7, 2016.
- F2Represents shares of Class A Common Stock sold to satisfy certain tax withholding obligations due on the settlement of the restricted stock units of the Reporting Person vesting in March 2017, including vested restricted stock units set forth in this Form 4.
- F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The Reporting Person received one share of Class A Common Stock for each restricted stock unit that vested.
- F4The restricted stock units represent the number from a grant made to the Reporting Person on March 7, 2016 that vested on March 7, 2017.
- F5Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F6Unless earlier forfeited under the award agreement, 12,097 restricted stock units will vest on each of 03/07/2018, 03/07/2019, 03/07/2020 and 03/07/2021.