KARPOWICZ PAUL 4
4 · MEREDITH CORP · Filed Aug 14, 2017
Insider Transaction Report
Form 4
KARPOWICZ PAUL
President-Broadcasting Group
Transactions
- Sale
Common Stock ($1 par value)
2017-08-10$57.54/sh−3,631$208,917→ 66,658 total - Exercise/Conversion
Common Stock ($1 par value)
2017-08-14$45.69/sh+20,000$913,800→ 86,658 total - Tax Payment
Common Stock ($1 par value)
2017-08-14$57.20/sh−17,737$1,014,556→ 68,921 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2017-08-14−20,000→ 0 totalExercise: $45.69From: 2017-08-12Exp: 2024-08-12→ Common Stock ($1 par value) (20,000 underlying) - Sale
Common Stock ($1 par value)
2017-08-14$57.26/sh−2,263$129,590→ 66,658 total
Holdings
- 2,504
Common Stock (Restricted) ($1 par value)
- 9,089(indirect: By Managed Account)
Common Stock ($1 par value)
Footnotes (5)
- [F1]Shares held by reporting person in a registered account & in street name accounts (one street name with spouse).
- [F2]The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $57.30 to $57.85, inclusive. The reporting person undertakes to provide Meredith, any securityholder of Meredith Corporation, or the Staff of the Securities and Exchange Commission, upon request, separate prices within the range set forth in footnote (2) to this Form 4.
- [F3]The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $57.10 to $57.40, inclusive. The reporting person undertakes to provide Meredith, any securityholder of Meredith Corporation, or the Staff of the Securities and Exchange Commission, upon request, separate prices within the range set forth in footnote (3) to this Form 4.
- [F4]Shares were awarded pursuant to the Meredith Corporation Stock Incentive Plans. The shares are subject to forfeiture and are nontransferable until vested, either on the third or the fifth anniversary of the grant date, as specified in each award agreement.
- [F5]Shares held in the reporting person's Meredith Corporation Employee Stock Purchase Plan account. Quarterly dividends are paid in the form of additional Common Stock, $1 par value.