4//SEC Filing
SUN-TIMES MEDIA GROUP INC 4
Accession 0000950142-07-000282
CIK 0000868512operating
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 1:59 PM ET
Size
11.4 KB
Accession
0000950142-07-000282
Insider Transaction Report
Form 4
Cruickshank John Douglas
COO - Chicago Group
Transactions
- Exercise/Conversion
Deferred Stock Units
2007-01-26−6,352→ 25,784 total→ Common Stock, Class A (6,352 underlying) - Exercise/Conversion
Class A Common Stock
2007-01-26+6,352→ 17,103 total - Tax Payment
Class A Common Stock
2007-01-26$4.33/sh−2,899$12,553→ 14,204 total
Footnotes (7)
- [F1]On January 26, 2007, Sun-Times Media Group, Inc. (the "Company") issued 6,352 shares of its Class A Common Stock to the Reporting Person on the settlement of an equal number of Deferred Stock Units previously issued by the Company to the Reporting Person.
- [F2]The Reporting Person's Deferred Stock Units reported in this report vested on January 26, 2007. As such the market price of the Company's Class A Common Stock on such date is used for tax reporting and withholding purposes.
- [F3]1-for-1
- [F4]The Deferred Stock Units were issued pursuant to the Company's 1999 Stock Incentive Plan. Upon the vesting of the Deferred Stock Units, the Company shall transfer to the Reporting Person one share of common stock for each Deferred Stock Unit held by the Reporting Person. Deferred Stock Units shall vest in accordance with the following schedule: (i) 25% of the Deferred Stock Units awarded shall vest and become nonforfeitable on each of the first, second, third and fourth anniversaries of the grant date, unless forfeited earlier under paragraph (v) below; (ii) Upon the Reporting Person's termination of employment by death or permanent disability, the Deferred Stock Units which have not yet vested shall vest and become nonforfeitable on the date of such death or permanent disability;
- [F5](iii) Upon the Reporting Person's termination of employment by reason of retirement from the Company or its subsidiaries at or after attaining the age of 59 1/2 and after having served as an employee of the Company or its subsidiaries for at least five continuous years, the Deferred Stock Units which have not yet vested shall vest and become nonforfeitable on such termination of employment; (iv) Upon a change in control (as defined in the Reporting Person's Deferred Stock Unit Agreement dated as of January 26, 2005), the Deferred Stock Units which have not yet vested shall vest and become nonforfeitable on the date of such change of control unless forfeited earlier under paragraph (v) below; or
- [F6](v) Unless the Compensation Committee of the Company determines otherwise in its sole discretion, if the Reporting Person's employment with the Company terminates for any reason other than paragraphs (i), (ii) or (iii) above, the Deferred Stock Units which have not vested as of the date of such termination of employment shall be permanently forfeited on such termination date.
- [F7]Not applicable
Issuer
SUN-TIMES MEDIA GROUP INC
CIK 0000868512
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000868512
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 1:59 PM ET
- Size
- 11.4 KB