SEC Form 4 · accession 0000899243-16-014617
SPANISH BROADCASTING SYSTEM INC · SBSAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Garcia
Officer — CFO, SR. EVP · Director
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 7:36 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 | 50,000 | A | — | Feb 23, 2026 | Class A Common Stock | 50,000 | 62,500 | 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.