tronc, Inc. 4
4 · tronc, Inc. · Filed Nov 28, 2016
Insider Transaction Report
Form 4
tronc, Inc.TRNC
FERRO MICHAEL W JR
Director10% Owner
Transactions
- Purchase
Common Stock
2016-11-23$12.96/sh+9,432$122,263→ 1,235,225 total(indirect: By LLC) - Purchase
Common Stock
2016-11-25$12.88/sh+5,000$64,408→ 1,240,225 total(indirect: By LLC) - Purchase
Common Stock
2016-11-28$12.93/sh+27,694$358,172→ 1,267,919 total(indirect: By LLC)
Holdings
- 5,220,000(indirect: By LLC)
Common Stock
Footnotes (5)
- [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 $12.85 to $13.19, 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 $12.76 to $12.97, 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 $12.83 to $13.09, 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]Merrick Management is the sole manager of Merrick Media, LLC. Mr. Ferro serves as the manager of Merrick Management. Mr. Ferro disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.