SEC Form 4 · accession 0001258247-16-000010
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
May 16, 2016
Accepted (ET)
May 18, 2016 · 6:05 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,F2 | May 16, 2016 | A | 11,112 | $0.00 | A | 96,329 | D | |
| Common SharesF3,F2 | May 16, 2016 | F | 4,176 | $20.27 | D | 92,153 | 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)F4 | $30.70 | May 16, 2016 | A | 38,889 | A | May 16, 2016 | May 6, 2025 | Common Shares | 38,889 | 38,889 | D |
Explanation of responses
- F1Shares issued upon vesting of restricted share performance units granted by the Issuer pursuant to the terms of an employment agreement with the reporting person, which are payable in an equal number of common shares of the Issuer.
- F2Amount includes 22,222 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 on May 5, 2017 and March 31, 2018.
- F3Represents common shares withheld by the Issuer to satisfy certain tax withholding obligations upon the vesting of 11,112 restricted share performance units. The grant of the restricted share performance units is reported herein and, pursuant to the Lions Gate Entertainment Corp. 2012 Performance Incentive Plan and the Issuer's policies, 4,176 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.
- F4On May 16, 2016, the reporting person vested in performance options as to 38,889 shares, as certain performance criteria for such year and tranche of vesting were met.