HEMISPHERE MEDIA GROUP, INC. 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed Mar 14, 2014
Insider Transaction Report
Form 4
McNamara James Marvin
Director
Transactions
- Purchase
WARRANTS (RIGHT TO PURCHASE)
2014-03-12$1.25/sh+126,000$157,500→ 170,430 totalExercise: $6.00From: 2013-04-04→ Class A common Stock (63,000 underlying) - Purchase
WARRANTS (RIGHT TO PURCHASE)
2014-03-13$1.28/sh+24,000$30,720→ 194,430 totalExercise: $6.00From: 2013-04-04→ Class A common Stock (12,000 underlying) - Purchase
WARRANTS (RIGHT TO PURCHASE)
2014-03-14$1.30/sh+25,000$32,500→ 219,430 totalExercise: $6.00From: 2013-04-04→ Class A common Stock (12,500 underlying)
Footnotes (3)
- [F1]Warrants of Hemisphere Media Group, Inc. (the "Company"), are exercisable at $6.00 per half share of the Company's Class A common stock, $0.0001 par value, ("Class A common stock") ($12.00 per share of Class A Common stock), at any time in the holder's sole discretion. Warrants are only exercisable for a whole number of shares of Common Stock (i.e., only an even number of Warrants may be exercised at any given time by a registered holder).
- [F2]Pursuant to the terms of the warrant agreement, as amended by the Assignment, Assumption and Amendment of Warrant Agreement, which was filed with the Securities and Exchange Commission on April 4, 2013 as Exhibit 4.6 to Hemisphere Media Group, Inc.'s Form 8-A, the warrants will expire on April 4, 2018 unless the Company is liquidated prior to such time.
- [F3]Does not include grant of 250,000 employee stock options, which vest, subject to certain exceptions, in equal annual installments on each of the first three (3) anniversaries of May 16, 2013.