SEC Form 4 · accession 0000899243-16-014612
SPANISH BROADCASTING SYSTEM INC · SBSAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manuel E. Machado
Director
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 7:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000927720
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $3.09 | Feb 24, 2016 | A | 30,000 | A | — | Feb 23, 2026 | Class A Common Stock | 30,000 | 30,000 | D |
| Stock OptionsF2 | $17.90 | holding | — | — | — | — | Jun 3, 2020 | Class A Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The options shall vest as follows:1/2 vest immediately on the grant date and 1/2 vest on May 15, 2017, the one month anniversary of the maturity date of the 12.5% senior secured notes.
- F2The options vested as follows: 1/5 vested immediately on the grant date and the remaining options vested ratably over four years.