SEC Form 3 · accession 0000899243-19-003089
SPANISH BROADCASTING SYSTEM INC · SBSAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jose I. Molina
Officer — Chief Financial Officer
Period of report
Jan 28, 2019
Accepted (ET)
Feb 8, 2019 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000927720
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, Par Value $0.0001 | holding | — | — | — | 500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $0.22 | holding | — | — | — | — | Jan 29, 2029 | Class A Common Stock | 75,000 | — | D |
Explanation of responses
- F1The options were granted on January 30, 2019 and shall vest pursuant to the following schedule: (i) 25,000 vest upon the six-month anniversary of the grant date; (ii) 25,000 vest upon the eighteenth-month anniversary of the grant date; and (iii) 25,000 vest upon the thirtieth month anniversary of the grant date.