SEC Form 4 · accession 0001257243-15-000002
STARZ ENTERTAINMENT CORP /CN/ · STRZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steve Beeks
Officer — Co-Chief Operating Officer
Period of report
Apr 29, 2015
Accepted (ET)
May 1, 2015 · 5:27 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 StockF1 | Apr 29, 2015 | A | 45,000 | $0.00 | A | 91,813 | D | |
| Common SharesF2 | Apr 29, 2015 | F | 23,101 | $31.49 | D | 68,712 | 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 | $13.80 | Apr 29, 2015 | A | 125,000 | A | Apr 29, 2015 | Mar 5, 2022 | Common Shares | 125,000 | 125,000 | D |
Explanation of responses
- F1Shares issued upon vesting of restricted share performacne units granted to the Issuer pursuant to the terms of the employment agreement with the reporting person, which are payable in an equal number of common shares of the Issuer.
- F2Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 45,000 restricted share performance units. The grant of the 45,000 restricted share performance units is reported herein and, pursuant to the Lions Gate Entertainment Corp. 2012 Performance Incentive Plan and the Issuer's policies, 23,101 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.
- F3On May 29, 2015, the reporting person vested in a performance option as to 125,000 shares, as certain performance criteria for such year and tranche of vesting were met.