4//SEC Filing
Standard General L.P. 4
Accession 0000929638-24-001531
CIK 0001784254other
Filed
Apr 17, 8:00 PM ET
Accepted
Apr 18, 4:11 PM ET
Size
10.8 KB
Accession
0000929638-24-001531
Insider Transaction Report
Form 4
Standard General L.P.
Director10% Owner
Transactions
- Disposition to Issuer
Series A Convertible Preferred Stock
2024-04-16−286,031→ 0 total(indirect: See Footnote) - Award
Class A Common Stock
2024-04-16$1.43/sh+20,733,869$29,603,818→ 37,531,996 total(indirect: See Footnote)
Holdings
- 5,413,197(indirect: See Footnote)
Class B Common Stock
Kim Soohyung
10% Owner
Transactions
- Disposition to Issuer
Series A Convertible Preferred Stock
2024-04-16−286,031→ 0 total(indirect: See Footnote) - Award
Class A Common Stock
2024-04-16$1.43/sh+20,733,869$29,603,818→ 37,531,996 total(indirect: See Footnote)
Holdings
- 5,413,197(indirect: See Footnote)
Class B Common Stock
Footnotes (4)
- [F1]Represents the conversion (the "Conversion") of shares of Series A Convertible Preferred Stock into shares of Class A Common Stock. Each share of Series A Convertible Preferred Stock was convertible into the number of shares of Class A Common Stock determined by dividing (i) the purchase price of the Series A Convertible Preferred Stock plus any accrued dividends by (ii) the average of the volume-weighted average prices ("VWAP") of the Class A Common Stock for the last 30 trading days prior to the date of determination, determined as of the fifth business day after the date on which the notice of Conversion was given. The disposition of shares of Series A Convertible Preferred Stock to the Issuer and the acquisition of shares of Class A Common Stock from the Issuer in connection with the Conversion were approved pursuant to Rule 16b-3.
- [F2]Prior to the Conversion, the number of shares of Series A Convertible Preferred Stock beneficially owned by the Reporting Persons had increased to 286,031 shares pursuant to the terms of the security through the accrual of dividends subject to the exemption from reporting provided under Rule 16a-9.
- [F3]The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- [F4]Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
Documents
Issuer
Mediaco Holding Inc.
CIK 0001784254
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001409888
Filing Metadata
- Form type
- 4
- Filed
- Apr 17, 8:00 PM ET
- Accepted
- Apr 18, 4:11 PM ET
- Size
- 10.8 KB