SPANISH BROADCASTING SYSTEM INC 4
4 · SPANISH BROADCASTING SYSTEM INC · Filed Feb 26, 2016
Insider Transaction Report
Form 4
Machado Manuel E.
Director
Transactions
- Award
Stock Options
2016-02-24+30,000→ 30,000 totalExercise: $3.09Exp: 2026-02-23→ Class A Common Stock (30,000 underlying)
Holdings
- 5,000
Stock Options
Exercise: $17.90Exp: 2020-06-03→ Class A Common Stock (5,000 underlying)
Footnotes (2)
- [F1]The options shall vest as follows:1/2 vest immediately on the grant date and 1/2 vest on May 15, 2017, the one month anniversary of the maturity date of the 12.5% senior secured notes.
- [F2]The options vested as follows: 1/5 vested immediately on the grant date and the remaining options vested ratably over four years.