HEMISPHERE MEDIA GROUP, INC. 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed Oct 25, 2016
Insider Transaction Report
Form 4
Frey Andrew
Director
Transactions
- Award
CLASS A COMMON STOCK
2016-10-21+8,197→ 8,197 total - Other
CLASS A COMMON STOCK
2016-10-21−8,197→ 0 total
Footnotes (2)
- [F1]Represents restricted shares of Class A common stock, par value $0.0001 per share ("Common Stock"), of Hemisphere Media Group, Inc., a Delaware corporation (the "Company"), granted to Mr. Frey in connection with his service on the Company's Board of Directors pursuant to the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. The number of restricted shares was calculated by dividing $100,000 by the closing share price of the Common Stock on October 21, 2016, the date of grant. The restricted stock will vest on the day preceding the Company's 2017 annual meeting, subject to Mr. Frey's continued service as a director on such vesting date.
- [F2]All restricted shares referred to in the preceding note 1 were transferred by Mr. Frey and are owned by Searchlight Capital Partners, LP, a Delaware limited partnership ("SCP LP"). See Remarks below.