LAMAR ADVERTISING CO/NEW 4
4 · LAMAR ADVERTISING CO/NEW · Filed Mar 14, 2017
Insider Transaction Report
Form 4
REILLY ANNA
Director
Transactions
- Conversion
Class B Common Stock
2017-03-10−190,280→ 1,000,000 total→ Class A Common Stock (190,280 underlying) - Conversion
Class A Common Stock
2017-03-10+190,280→ 191,859 total
Holdings
- 9,000,000(indirect: By Partnership)
Class B Common Stock
→ Class A Common Stock (9,000,000 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Issuer's Certificate of Incorporation, the Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis, exercisable immediately, and has no expiration date.
- [F2]The Reporting Person is a General Partner of the Reilly Family Limited Partnership (the "RFLP"). The other General Partners of the RFLP are siblings of the Reporting Person. The Managing General Partner of the RFLP exercises sole voting power over the shares held by the RFLP, but disposition of the shares requires the approval of 50% of the general partnership interests in the RFLP. The Reporting Person disclaims beneficial ownership of the shares held by the RFLP except to the extent of her pecuniary interest therein.