Sokol Alan J. 4
4 · HEMISPHERE MEDIA GROUP, INC. · Filed Apr 9, 2018
Insider Transaction Report
Form 4
Sokol Alan J.
DirectorChief Executive Officer
Transactions
- Tax Payment
Class A Common Stock
2018-04-05$11.45/sh−20,465$234,324→ 489,126 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, 2018, 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, 158,333 are restricted securities and will vest as follows: subject to certain exceptions, 58,333 shares will vest on the third anniversary of April 5, 2016 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.