LIN Media LLC 4
4 · LIN Media LLC · Filed Sep 12, 2013
Insider Transaction Report
Form 4
BRODSKY PETER S
Director
Transactions
- Award
Class A Common Shares
2013-09-10$17.03/sh+13,500$229,905→ 92,472 total
Footnotes (3)
- [F1]On July 30, 2013, LIN TV Corp., a Delaware corporation (LIN TV), completed its merger with and into LIN Media LLC, a Delaware limited liability company (LIN LLC), with LIN LLC as the surviving entity and successor issuer to LIN TV pursuant to Rule 12g-3(a) under the Securities Exchange Act of 1934, as amended.
- [F2]Shares were awarded pursuant to the amended and restated 2002 Non-Employee Director Stock Plan. The shares are subject to forfeiture and are non-transferable until vested. The shares vest in three (3) annual installments from the date of grant. Twenty five percent (25%) of the shares vest upon the first and second anniversary, the remaining fifty percent (50%) vests on the third anniversary of the date of grant.
- [F3]This number includes 42,825 restricted shares awarded pursuant to the amended and restated 2002 Non-Employee Director Stock Plan. These shares remain subject to forfeiture and are nontransferable until vested. The shares vest over either three (3) or four (4) years from the date of grant.