4//SEC Filing
WORLD WRESTLING ENTERTAINMENTINC 4
Accession 0001140361-15-044285
CIK 0001091907operating
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 4:15 PM ET
Size
11.3 KB
Accession
0001140361-15-044285
Insider Transaction Report
Form 4
Transactions
- Gift
Class B Common Stock, par value $.01 per share
2015-12-07+2,209,773→ 3,739,266 totalExercise: $0.00→ Class A Common Stock, par value $.01 per share (2,209,773 underlying)
Holdings
- 566,670
Class B Common Stock, par value $.01 per share
Exercise: $0.00→ Class A Common Stock, par value $.01 per share (566,670 underlying)
McMahon Linda E.
10% Owner
Transactions
- Gift
Class B Common Stock, par value $.01 per share
2015-12-07+2,209,773→ 3,739,266 totalExercise: $0.00→ Class A Common Stock, par value $.01 per share (2,209,773 underlying)
Holdings
- 566,670
Class B Common Stock, par value $.01 per share
Exercise: $0.00→ Class A Common Stock, par value $.01 per share (566,670 underlying)
Footnotes (6)
- [F1]This Form 4 is jointly filed by the Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5, 2013 (the "GRAT") and Linda E. McMahon ("Ms. McMahon"). Ms. McMahon is the trustee of the GRAT, which was established by Vincent K. McMahon ("Mr. McMahon") for the benefit of Mr. McMahon and certain members of Mr. McMahon's family to hold a portion of the shares of Class B Common Stock previously owned directly by Mr. McMahon. Ms. McMahon has sole voting power and authority, and Ms. McMahon and Mr. McMahon (as special trustee of the GRAT) each has unilateral power and authority to sell, with respect to the 3,739,266 shares of Class B Common Stock held by the GRAT. During the initial three-year term of the GRAT, an annual annuity amount is payable to Mr. McMahon (or his estate) in trust shares of Class B Common Stock or other property.
- [F2]On the termination of the GRAT, after annuity distributions to Mr. McMahon (or his estate), any remaining trust shares of Class B Common Stock or other property will under certain circumstances pass to successor trusts for other members of Mr. McMahon's family. Mr. McMahon will not act as trustee of such successor trusts and will have no voting or investment power with respect to their assets. Mr. McMahon will separately report any non-exempt transactions with respect his shares of Class B Common Stock pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- [F3]Represents the second annual annuity distribution to Vincent K. McMahon pursuant to the terms of the GRAT. The gift is being reported early on a voluntary basis by Ms. McMahon and the GRAT.
- [F4]Class B Common Stock is convertible at any time into Class A Common Stock on a one-for-one basis at the option of the holder.
- [F5]These shares are owned directly by the GRAT and indirectly by Ms. McMahon, as trustee of the GRAT. Ms. McMahon may be deemed to be ten percent owners of the issuer. Excludes other Class B Common Stock owned by Mr. McMahon, the beneficial ownership of which is reported separately by Mr. McMahon and disclaimed by Ms. McMahon and the GRAT.
- [F6]These shares are owned solely by Ms. McMahon. The GRAT does not beneficially own any of these shares.
Documents
Issuer
WORLD WRESTLING ENTERTAINMENTINC
CIK 0001091907
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091907
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 4:15 PM ET
- Size
- 11.3 KB