MEREDITH CORP 4
4 · MEREDITH CORP · Filed Nov 14, 2016
Insider Transaction Report
Form 4
JOHNSON JOEL W
Director
Transactions
- Award
Common Stock ($1 par value)
2016-11-09+1,050→ 16,305 total - Award
Non-Qualified Stock Option (right to buy)
2016-11-09+5,685→ 5,685 totalExercise: $47.65Exp: 2026-11-09→ Common Stock ($1 par value) (5,685 underlying) - Award
Stock equivalent units
2016-11-09+2,314→ 50,338 totalExercise: $0.00→ Stock equivalent units (2,314 underlying)
Footnotes (3)
- [F1]This restricted stock was awarded pursuant to the Meredith Corporation 2014 Stock Incentive Plan. The shares are subject to forfeiture and non-transferable until vested. Restrictions on the shares lapse on 1/3 of the shares per year commencing on the first anniversary of the grant date.
- [F2]Stock equivalent units issued pursuant to the Meredith Corporation 2014 Stock Incentive Plan, which will be converted to Common Stock ($1 par value) on a one-for-one basis upon the reporting person's resignation, retirement or other termination of service on the Meredith Board of Directors. Quarterly dividends are accrued in the form of additional stock equivalents.
- [F3]Nonqualified stock options awarded pursuant to the Meredith Corporation 2014 Stock Incentive Plan, which become exercisable one-third per year over a three-year period beginning on the first anniversary of the grant date and expire on the tenth anniversary of the grant date.