McNamara James Marvin 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed Apr 6, 2018
Insider Transaction Report
Form 4
McNamara James Marvin
Director
Transactions
- Disposition to Issuer
Class B Common Stock
2018-04-04−28,562→ 599,814 total→ Class A Common Stock (28,562 underlying)
Footnotes (2)
- [F1]In accordance with the terms of the amended and restated certificate of incorporation of Hemisphere Media Group, Inc. (the "Company"), each share of the Company's Class B common stock, par value $0.0001 per share, is convertible in whole or in part at any time at the holder's election into an equal number of fully paid and non-assessable shares of Class A common stock and has no expiration date.
- [F2]Represents the forfeiture of shares of Class B Common Stock to the Company pursuant to the terms of the Equity Restructuring and Warrant Purchase Agreement, dated as of January 22, 2013, by and among Mr. McNamara, 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 60 months of April 4, 2013.