4//SEC Filing
JOURNAL COMMUNICATIONS INC 4
Accession 0001140361-15-012344
CIK 0001232241operating
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 7:13 PM ET
Size
19.1 KB
Accession
0001140361-15-012344
Insider Transaction Report
Form 4
SMITH STEVEN J
DirectorChairman of the Board and CEO
Transactions
- Exercise/Conversion
Class B Common Stock
2015-03-13+55,650→ 839,893 total→ Class A Common Stock (55,650 underlying) - Tax Payment
Class B Common Stock
2015-03-13$13.12/sh−28,020$367,622→ 811,873 total→ Class A Common Stock (28,020 underlying) - Exercise/Conversion
Performance Units
2015-03-13−37,100→ 0 total→ Class B Common Stock (37,100 underlying)
Holdings
- 220,000
Stock Appreciation Right
Exercise: $13.31Exp: 2017-02-16→ Class B Common Stock (220,000 underlying) - 21,911
Performance Units
→ Class B Common Stock (21,911 underlying) - 100
Class A Common Stock
- 75,000
Stock Appreciation Right
Exp: 2017-02-16→ Class B Common Stock (75,000 underlying) - 118,000
Stock Appreciation Right
Exp: 2018-02-15→ Class B Common Stock (118,000 underlying) - 32,780
Performance Units
→ Class B Common Stock (32,780 underlying)
Footnotes (12)
- [F1]Performance units granted March 19, 2012 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2015 if the performance target is achieved.
- [F10]The stock appreciation right was granted February 15, 2008 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
- [F11]The stock appreciation right has an escalating base value which starts with $7.57, the closing price of the Company's Class A Common Stock on the date of grant, and increases by 6% per year for each year that the stock appreciation right remains outstanding, starting on the first anniversary of the grant date.
- [F12]The stock appreciation right vests and becomes exercisable in three equal annual installments on February 15, 2009, 2010 and 2011.
- [F2]The Class B Common Stock is convertible into Class A Common Stock (subject to certain limitations specified in the Issuer's Amended and Restated Articles of Incorporation) on a 1-for-1 basis at no cost
- [F3]The Company's level of attainment of specified performance goals for the three-year period beginning December 26, 2011 and ending December 28, 2014 were exceeded with the reporting person earning 150% of the target award in accordance with performance metrics pursuant to the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
- [F4]Reflects payment of tax liability by withholding shares of stock incident to the vesting of performance units.
- [F5]Performance units granted March 6, 2014 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2017 if the performance target is achieved.
- [F6]Performance units granted March 11, 2013 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan. The performance units vest in 2016 if the performance target is achieved.
- [F7]The stock appreciation right was granted February 16, 2007 to the reporting person under the Journal Communications, Inc. 2003 Equity Incentive Plan.
- [F8]The stock appreciation right vests and becomes exercisable in three equal annual installments on February 16, 2008, 2009 and 2010.
- [F9]The stock appreciation right has an escalating base value which starts with $13.31, the closing price of the Company's Class A Common Stock on the date of grant, and increases by 6% per year for each year that the stock appreciation right remains outstanding, starting on the first anniversary of the grant date.
Documents
Issuer
JOURNAL COMMUNICATIONS INC
CIK 0001232241
Entity typeoperating
Related Parties
1- filerCIK 0001232241
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 7:13 PM ET
- Size
- 19.1 KB