SEC Form 4 · accession 0001480576-17-000002
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, 2017
Accepted (ET)
Mar 15, 2017 · 12:10 pm EDT
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 13, 2017 | M | 9,364 | $0.00 | A | 129,389 | D | |
| Class A Common StockF2 | Mar 13, 2017 | M | 37,454 | $0.00 | A | 166,843 | D | |
| Class A Common StockF3 | Mar 13, 2017 | S | 17,200 | $3.039 | D | 149,643 | 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 UnitsF4,F5 | — | Mar 13, 2017 | M | 9,364 | D | — | — | Class A Common Stock | 9,364 | 18,728 | D |
| Performance-Based Restricted Stock UnitsF4,F6 | — | Mar 13, 2017 | M | 37,454 | D | — | — | Class A Common Stock | 37,454 | 112,362 | 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 13, 2015.
- F2Shares of Class A Common Stock acquired upon the vesting and settlement of part of a grant of performance-based restricted stock units made on March 13, 2015 as described in footnote (6) below.
- F3Represents shares of Class A Common Stock sold to satisfy tax withholding obligations due on the settlement of the time-based restricted stock units referred to in footnote (1) of this Form 4 and the performance-based restricted stock units referred to in footnote (2) of this Form 4.
- F4Each 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 time-based restricted stock unit and each performance-based restricted stock unit that vested.
- F5Represents the number from a grant of time-based restricted stock units made to the Reporting Person on March 13, 2015 that vested and settled on March 13, 2017.
- F6Represents 25% of a grant of performance-based restricted stock units made to the Reporting Person on March 13, 2015 that was eligible for vesting following a two-year period. Vesting of 25% of the grant, which was subject to the achievement of a two-year OIBDA target and a two-year unlevered free cash flow target, occurred on March 13, 2017 following confirmation by the Compensation Committee of the Company of the satisfaction of the performance targets.