SEC Form 4 · accession 0001254639-16-000012
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
Sep 8, 2016
Accepted (ET)
Sep 9, 2016 · 6:09 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 | Sep 8, 2016 | M | 1,050,000 | $9.31 | A | 2,858,555 | D | |
| Common SharesF2,F1 | Sep 8, 2016 | F | 776,144 | $20.48 | D | 2,082,411 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F3 | $9.31 | Sep 8, 2016 | M | 1,050,000 | D | — | Sep 11, 2016 | Common Shares | 1,050,000 | 0 | D |
Explanation of responses
- F1Amount incudes the following restricted share units granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 32,500 restricted share units that are scheduled to vest on October 10, 2016; and (ii) 21,707 restricted share units that are scheduled to vest in two equal installments beginning May 8, 2017.
- F2Represents common shares withheld by the Issuer to provide for payment of the exercise price and related tax withholding obligations in connection with the option exercise. The transaction is exempt under Rule 16b-3(e). No common shares were sold by the Issuer or the reporting person.
- F3The option was granted on September 12, 2006.