SUN-TIMES MEDIA GROUP INC 4
4 · SUN-TIMES MEDIA GROUP INC · Filed Jul 9, 2008
Insider Transaction Report
Form 4
BAIRD BRENT D
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2008-07-08+51,614→ 161,881 total - Award
Deferred Stock Units
2008-06-18+23,014.35→ 51,614.15 total→ Common Stock, Class A (23,014.35 underlying) - Exercise/Conversion
Deferred Stock Units
2008-07-08−51,614.15→ 0 total→ Common Stock, Class A (51,614.15 underlying)
Holdings
- 49,500(indirect: See footnote)
Class A Common Stock
Footnotes (5)
- [F1]On June 18, 2008, all of the Reporting Person's issued Deferred Stock Units ("DSUs") vested due to the Reporting Person's resignation from the Board of Directors (the "Board") of Sun-Times Media Group, Inc. (the "Company"). On July 8, 2008, the Company issued 51,614 shares of Class A Common Stock, par value $0.01 per share, in settlement of vested DSUs. Fractional DSUs were settled in cash.
- [F2]By Trubee, Collins & Co., self-directed pension fund.
- [F3]1-for-1.
- [F4]In accordance with the Reporting Person's removal from the Board, the Reporting Person was granted a prorated portion of the DSUs that are distributed quarterly to the Company's independent directors pursuant to its previously disclosed director compensation arrangements. Because of the Reporting Person's departure from the Board, these DSUs immediately vested.
- [F5]Not applicable.