HEMISPHERE MEDIA GROUP, INC. 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed Apr 4, 2016
Insider Transaction Report
Form 4
Engelman John
Director
Transactions
- Disposition to Issuer
CLASS A COMMON STOCK
2016-04-04−7,576→ 61,175 total
Footnotes (2)
- [F1]Represents the forfeiture of shares of Class A Common Stock to Hemisphere Media Group, Inc.(the "Company") pursuant to the terms of the Equity Restructuring and Warrant Purchase Agreement, dated as of January 22, 2013, by and among Mr. Engelman, the Company and the other parties identified therein, whereby the closing sales price of the Class A Common Stock did not equal or exceed $15.00 per share for any 20 trading days within at least one 30-trading day period within 36 months of April 4, 2013.
- [F2]Includes (i) 2,500 shares of Hemisphere Class A common stock subject to forfeiture in the event the last sales price of Hemisphere Class A common does not equal or exceed $15.00 per share for any 20 trading days within at least one 30-trading day period within 60 months of April 4, 2013 and (ii) 8,265 shares of restricted stock granted pursuant to the Hemisphere Media Group, Inc. 2013 Equity Incentive Plan which will vest on the day preceding the Company's 2016 annual meeting, subject to the reporting person's continued service as a director on such vesting date.