SEC Form 4 · accession 0001254639-16-000014
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
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 5:46 pm EST
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 | Nov 3, 2016 | A | 9,479 | $0.00 | A | 2,074,931 | D | |
| Common SharesF2,F1 | Nov 3, 2016 | F | 4,946 | $19.78 | D | 2,069,985 | 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 | $19.01 | Nov 3, 2016 | A | 950,000 | A | — | Nov 3, 2026 | Common Shares | 950,000 | 950,000 | D |
| Employee stock option (right to buy)F3 | $23.76 | Nov 3, 2016 | A | 950,000 | A | — | Nov 3, 2026 | Common Shares | 950,000 | 950,000 | D |
Explanation of responses
- F1Amount includes 21,707 restricted share units granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer, that are scheduled to vest in two equal annual installments beginning May 8, 2017.
- F2Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the granting and vesting of 9,479 restricted share units. The grant of the restricted share units is reported herein and, pursuant to the Lions Gate Entertainment Corp. 2012 Performance Incentive Plan and the Issuer's policies, 4,946 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 are scheduled to vest in equal installments over the five year period beginning October 30, 2018.