SEC Form 4 · accession 0001571049-16-020569
STARZ ENTERTAINMENT CORP /CN/ · STRZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hardwick Simmons
Director
Period of report
Dec 8, 2016
Accepted (ET)
Dec 12, 2016 · 9:26 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 SharesF2,F1 | Dec 8, 2016 | J | 89,966 | — | D | 0 | D | |
| Class A Voting SharesF3,F1,F5 | Dec 8, 2016 | J | 44,982 | — | A | 44,982 | D | |
| Class B Non-Voting SharesF4,F5,F1 | Dec 8, 2016 | J | 44,982 | — | A | 44,982 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a reclassification exempt under Rule 16b-7, each Common Share, without par value, was reclassified into 0.5 Class A voting shares, without par value, and 0.5 Class B non-voting shares, without par value (the "Reclassification"). Restricted share units granted prior to the Reclassification were equitably adjusted in connection with the Reclassification.
- F2Amount includes the following restricted share units granted by the Issuer, payable upon vesting in an equal number of common shares of the Issuer: (i) 2,443 restricted share units that are scheduled to vest in three equal annual installments beginning September 13, 2017; (ii) 865 restricted share units that are scheduled to vest in two equal annual installments beginning September 15, 2017; and (iii) 507 restricted share units that are scheduled to vest on September 9, 2017.
- F3Amount includes the following restricted share units granted by the Issuer, payable upon vesting in an equal number of Class A voting shares of the Issuer: (i) 1,221 restricted share units that are scheduled to vest in three equal annual installments beginning September 13, 2017; (ii) 432 restricted share units that are scheduled to vest in two equal annual installments beginning September 15, 2017; and (iii) 253 restricted share units that are scheduled to vest on September 9, 2017.
- F4Amount includes the following restricted share units granted by the Issuer, payable upon vesting in an equal number of Class B non-voting shares of the Issuer: (i) 1,221 restricted share units that are scheduled to vest in three equal annual installments beginning September 13, 2017; (ii) 432 restricted share units that are scheduled to vest in two equal annual installments beginning September 15, 2017; and (iii) 253 restricted share units that are scheduled to vest on September 9, 2017.
- F5Upon the completion of the Reclassification, each restricted share unit award was adjusted to cover (a) a number of Class A voting shares equal to the number of common shares subject to the restricted share unit award immediately prior to the Reclassification, multiplied by 0.5, rounded down to the nearest whole share and (b) a number of Class B non-voting shares equal to the number of common shares subject to the restricted share unit award immediately prior to the Reclassification, multiplied by 0.5, rounded down to the nearest whole share. Fractional Class A voting shares and Class B non-voting shares resulting from the adjustment were cancelled in exchange for a cash payment equal to the closing trading price of the Class A voting shares or Class B non-voting shares, as applicable, on December 9, 2016, multiplied by the fraction cancelled.