JOURNAL COMMUNICATIONS INC 4

Accession 0001140361-15-013027

CIK 0001232241operating

View on SEC.gov Company Profile

Filed

Mar 23, 8:00 PM ET

Accepted

Mar 24, 2:28 PM ET

Size

17.1 KB

Accession

0001140361-15-013027

Insider Transaction Report

Form 4

Period: 2015-03-20

JOURNAL COMMUNICATIONS INCJRN

SMITH STEVEN J

DirectorChairman of the Board and CEO

Transactions

Exercise/Conversion
Stock Appreciation Right
2015-03-20−118,000→ 0 total
Exp: 2018-02-15→ Class B Common Stock (118,000 underlying)
Exercise/Conversion
Class B Common Stock
2015-03-20$11.37/sh+118,000$1,341,660→ 923,521 total
→ Class A Common Stock (118,000 underlying)
Tax Payment
Class B Common Stock
2015-03-20$13.96/sh−107,131$1,495,549→ 816,390 total
→ Class A Common Stock (107,131 underlying)

Holdings

Class A Common Stock
100
Stock Appreciation Right
Exercise: $13.31Exp: 2017-02-16→ Class B Common Stock (220,000 underlying)
220,000
Performance Units
→ Class B Common Stock (21,911 underlying)
21,911
Performance Units
→ Class B Common Stock (32,780 underlying)
32,780
Stock Appreciation Right
Exp: 2017-02-16→ Class B Common Stock (75,000 underlying)
75,000

Footnotes (9)

[F1]The stock appreciation right was granted February 15, 2008 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
[F2]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.
[F3]The stock appreciation right vests and becomes exercisable in three equal annual installments on February 15, 2009, 2010 and 2011.
[F4]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
[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

1 file

4
doc1.xmlPrimary
FORM 4

Issuer

JOURNAL COMMUNICATIONS INC

CIK 0001232241

→

Entity typeoperating

Related Parties

filerCIK 0001232241

Filing Metadata

Form type: 4
Filed: Mar 23, 8:00 PM ET
Accepted: Mar 24, 2:28 PM ET
Size: 17.1 KB

View on SEC.gov