NEW YORK TIMES CO 4
4 · NEW YORK TIMES CO · Filed May 6, 2016
Insider Transaction Report
Form 4
NEW YORK TIMES CONYT.A
Greenspon Carolyn D
Director
Transactions
- Award
Phantom Stock Unit
2016-05-04+334.271→ 26,759.95 total→ Class A Common Stock (334.271 underlying) - Award
Class A Common Stock
2016-05-04+8,080→ 19,222 total
Footnotes (3)
- [F1]Consists of a grant of stock-settled restricted stock units under The New York Times Company 2010 Incentive Compensation Plan. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock and vests on the date of the following Annual Meeting of Stockholders. Vested shares will be delivered within 90 days following the cessation of the reporting person's membership on the Board of Directors.
- [F2]In addition, the reporting person may be deemed to have a pecuniary interest in 1,400,000 shares of Class A stock held indirectly, by a trust.
- [F3]Phantom stock units credited to the reporting person's account in respect of dividend equivalent payments and related accumulated interest on previously granted phantom stock units. Each phantom stock unit was credited to the reporting person's account under The New York Times Company Non-Employee Directors Deferral Plan, on May 4, 2016, based on the average closing price of a share of Class A stock for the 30 trading days prior to the date of credit. Distribution in cash is generally made following retirement. This transaction involved a derivative security that does not have an exercise date or an expiration date.