SEC Form 4 · accession 0001254386-15-000006
STARZ ENTERTAINMENT CORP /CN/ · STRZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Raymond Burns
Officer — Vice Chairman · Director
Period of report
May 8, 2015
Accepted (ET)
May 11, 2015 · 5:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929351
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | May 8, 2015 | A | 162,760 | $0.00 | A | 1,766,158 | D | |
| Common SharesF2,F1 | May 8, 2015 | F | 67,943 | $30.72 | D | 1,698,215 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified stock options (right to buy)F3 | $30.72 | May 8, 2015 | A | 600,000 | A | — | May 8, 2020 | Common Shares | 600,000 | 600,000 | D |
Explanation of responses
- F1Amount includes the following restricted share units granted by the Issuer payable upon vesting in an equal number of common shares of the Issuer: (i) 65,000 restricted share units that are scheduled to vest in two equal annual installments beginning October 30, 2015; (ii) 7,172 restricted share units that are scheduled to vest on April 5, 2016; and (iii) 32,552 restricted share units that are scheduled to vest in three equal annual installements beginning May 8, 2016.
- F2Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the granting and immediate vesting of 130,208 restricted share units. The grant of the restricted share units is reported herein and, pursuant to the Lions Gate Entertainment Corp. 2012 Peformance Incentive Plan and the Issuer's policies, 67,943 common shares were automatically canceled to cover certain of the reporting person's tax withholding obligations. No common shares were sold by the Issuer or the reporting person.
- F3The options vest in three equal installments on May 8, 2016, May 8, 2017 and May 8, 2018.