MEDIA GENERAL INC 4
4 · MEDIA GENERAL INC · Filed Jul 1, 2014
Insider Transaction Report
Form 4
MacPherson Robert E
Vice President
Transactions
- Tax Payment
Voting Common Stock (no par value)
2014-06-30$20.53/sh−2,814$57,771→ 5,750 total
Holdings
- 9,510(indirect: By 401(k))
Voting Common Stock (no par value)
Footnotes (2)
- [F1]This is a transaction required to satisfy applicable federal and state income tax withholding requirements. On June 30, 2014, restrictions were released on 8,500 shares of Performance Accelerated Restricted Stock (granted on January 26, 2012) upon Mr. MacPherson's retirement. As required by the 1995 Long-Term Incentive Plan, 2,814 shares of Voting Common Stock (no par value) were withheld for tax withholding purposes. As a result of these transactions, Mr. MacPherson additionally will receive a certificate for 5,686 shares of unrestricted Voting Common Stock (no par value). Additionally, Mr. MacPherson immediately vested in 5,466 employee stock options with an exercise price of $4.26 per share and 1,900 employee stock options with an exercise price of $4.98 per share. These employee stock options will expire if not exercised by June 30, 2015.
- [F2]Additionally, 241 derivative Voting Common Stock (no par value) shares are held directly under the Supplemental 401(k) plan.