4//SEC Filing
HEMISPHERE MEDIA GROUP, INC. 4
Accession 0000950142-17-000746
CIK 0001567345operating
Filed
Apr 6, 8:00 PM ET
Accepted
Apr 7, 4:31 PM ET
Size
6.1 KB
Accession
0000950142-17-000746
Insider Transaction Report
Form 4
Sokol Alan J.
DirectorChief Executive Officer
Transactions
- Tax Payment
Class A Common Stock
2017-04-05$11.75/sh−15,955$187,471→ 760,136 total
Footnotes (3)
- [F1]In accordance with the Hemisphere Media Group, Inc. (the "Company") Amended and Restated 2013 Equity Incentive Plan (the "Plan"), the Reporting Person returned shares of the Company's Class A common stock, par value $0.0001 per share ("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]The fair market value of the Class A common stock at the close of trading on April 5, 2017, the date of vesting, was used to calculate the number of shares deducted to satisfy the Reporting Person's tax withholding obligations.
- [F3]Of these shares, 216,666 are restricted securities and will vest as follows: subject to certain exceptions, 116,666 shares will vest in equal annual installments on the second and third anniversary of April 5, 2016 (the "Effective Date") and 100,000 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 April 4, 2013.
Documents
Issuer
HEMISPHERE MEDIA GROUP, INC.
CIK 0001567345
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001567345
Filing Metadata
- Form type
- 4
- Filed
- Apr 6, 8:00 PM ET
- Accepted
- Apr 7, 4:31 PM ET
- Size
- 6.1 KB