Fischer Craig D. 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed May 20, 2013
Insider Transaction Report
Form 4
Fischer Craig D.
Chief Financial Officer
Transactions
- Tax Payment
CLASS A COMMON STOCK
2013-05-20$14.31/sh−12,304$176,070→ 237,696 total
Footnotes (3)
- [F1]In accordance with the Hemisphere Media Group, Inc. (the "Company") 2013 Equity Incentive Plan (the "Plan"), the reporting person returned shares of the Company's Class A common stock to the Company for the purpose of paying the reporting person's withholding taxes due upon the vesting of restricted shares of Class A common stock previously awarded to the reporting person under the Plan. The disposition is exempt in accordance with Rule 16b-3.
- [F2]This is the market price used to calculate the number of shares deducted to satisfy tax withholding obligations.
- [F3]Of these shares, 200,000 are restricted securities and will vest as follows: subject to certain exceptions, 150,000 shares will vest in equal annual installments on each of the first three (3) anniversaries of April 4, 2013 (the "Effective Time") and 50,000 shares will vest upon the fair market value of the Company's Class A common stock price reaching or exceeding $15.00 per share on at least ten trading days (which need not be consecutive) following the Effective Time.