Home/Filings/4/0000065011-21-000159
4//SEC Filing

Frierott Jason M. 4

Accession 0000065011-21-000159

CIK 0000065011other

Filed

Dec 2, 7:00 PM ET

Accepted

Dec 3, 2:54 PM ET

Size

184.5 KB

Accession

0000065011-21-000159

Insider Transaction Report

Form 4
Period: 2021-12-01
Frierott Jason M.
Chief Financial Officer
Transactions
  • Disposition to Issuer

    Restricted Stock Units

    2021-12-0188,6000 total
    Common Stock ($1 par value) (88,600 underlying)
  • Disposition to Issuer

    Common Stock ($1 par value)

    2021-12-011,1710 total
  • Disposition to Issuer

    Non-Qualified Stock Option (right to buy)

    2021-12-0148,9250 total
    Exercise: $10.15From: 2023-08-24Exp: 2030-08-24Common Stock ($1 par value) (48,925 underlying)
Footnotes (4)
  • [F1]In connection with the closing of the previously announced acquisition by Gray Television, Inc. ("Gray") of the issuer's local media group business immediately following and subject to the spin-off of the issuer's digital and magazine segments and corporate operations (collectively, the "Transactions") and as described in the issuer's definitive proxy statement filed with the Securities and Exchange Commission on November 8, 2021 (the "Proxy Statement"), each share of Common Stock was exchanged for (i) $16.99 in cash per share and (ii) shares of Common Stock of Meredith Holdings Corporation on a one-for-one basis.
  • [F2]In connection with the Transactions and as described in the Proxy Statement, these awards were canceled in exchange for (i) $16.99 in cash per share and (ii) restricted stock units of Meredith Holdings Corporation with respect to an equal number of shares subject to these awards.
  • [F3]Pursuant to their original terms, the Restricted Stock Units were convertible to Common Stock on a one-for-one basis upon the completion of a three-year vesting period.
  • [F4]In connection with the Transactions and as described in the Proxy Statement, the exercise price of this option was adjusted, which adjusted exercise price is reported in column 2 above, and this option was canceled in exchange for (i) a cash amount equal to the excess, if any, of $16.99 per share less the adjusted exercise price and (ii) a stock option of Meredith Holdings Corporation with respect to an equal number of shares subject to this option.