tronc, Inc. 4
4 · tronc, Inc. · Filed Nov 14, 2016
Insider Transaction Report
Form 4
tronc, Inc.TRNC
Merrick Venture Management, LLC
10% Owner
Transactions
- Purchase
Common Stock
2016-11-11$12.23/sh+12,000$146,734→ 1,032,852 total - Purchase
Common Stock
2016-11-10$11.60/sh+15,000$174,056→ 1,020,852 total - Purchase
Common Stock
2016-11-14$12.51/sh+23,717$296,621→ 1,056,569 total
Holdings
- 5,220,000(indirect: By LLC)
Common Stock
Footnotes (6)
- [F1]Open market purchase pursuant to a 10b5-1 trading plan adopted by Merrick Venture Management, LLC ("Merrick Management"), in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F2]This transaction was executed in multiple trades at prices ranging from $11.57 to $11.69, inclusive. The price set forth above reflects the weighted-average price per share. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F3]This transaction was executed in multiple trades at prices ranging from $11.64 to $12.37, inclusive. The price set forth above reflects the weighted-average price per share. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F4]This transaction was executed in multiple trades at prices ranging from $12.16 to $12.75, inclusive. The price set forth above reflects the weighted-average price per share. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F5]In the Form 4 filed by the Reporting Person on November 9, 2016, the number of shares purchased on November 7, 2016 was mistakenly reported as 55,582 instead of 55,852, and the amount of securities beneficially owned following the reported transaction was correspondingly incorrect. The correct number of shares beneficially owned following the reported transaction are reflected in this Form 4.
- [F6]Merrick Management is the sole manager of Merrick Media, LLC. Merrick Management disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.