SEC Form 4 · accession 0001480576-18-000003
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, 2018
Accepted (ET)
Mar 14, 2018 · 1:10 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,F2 | Mar 13, 2018 | M | 9,364 | $0.00 | A | 193,155 | D | |
| Class A Common StockF3,F2 | Mar 13, 2018 | M | 37,454 | $0.00 | A | 230,609 | D | |
| Class A Common Stock | Mar 13, 2018 | F | 22,006 | $4.25 | D | 208,603 | 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 UnitsF2,F5 | — | Mar 13, 2018 | M | 9,364 | D | — | — | Class A Common Stock | 9,364 | 9,364 | D |
| Restricted Stock UnitsF2,F6 | — | Mar 13, 2018 | M | 37,454 | D | — | — | Class A Common Stock | 37,454 | 74,908 | 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.
- F2Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The Reporting Person is entitled to receive one share of Class A Common Stock for each restricted stock unit that vested.
- F3Shares 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.
- F4Payment of tax liability by withholding shares of common stock incident to the vesting and settlement of restricted stock units referred to in footnote (1) and footnote (3) of this Form 4.
- 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, 2018.
- 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 three-year period. Vesting of 25% of the grant, which was subject to the achievement of a three-year OIBDA target and a three-year unlevered free cash flow target, occurred on March 13, 2018 following confirmation by the Compensation Committee of the Company of the satisfaction of the performance targets.