JOURNAL COMMUNICATIONS INC 4

Accession 0001140361-15-014407

CIK 0001232241operating

View on SEC.gov Company Profile

Filed

Apr 2, 8:00 PM ET

Accepted

Apr 3, 4:53 PM ET

Size

25.7 KB

Accession

0001140361-15-014407

Insider Transaction Report

Form 4

Period: 2015-03-31

JOURNAL COMMUNICATIONS INCJRN

SMITH STEVEN J

DirectorChairman of the Board and CEO

Transactions

Exercise/Conversion
Performance Units
2015-03-31−21,911→ 0 total
→ Class B Common Stock (21,911 underlying)
Exercise/Conversion
Class B Common Stock
2015-03-31+21,861→ 838,251 total
→ Class A Common Stock (21,861 underlying)
Tax Payment
Class B Common Stock
2015-03-31$14.82/sh−13,004$192,719→ 818,767 total
→ Class A Common Stock (13,004 underlying)
Other
Stock Appreciation Right
2015-03-31−75,000→ 0 total
Exp: 2017-02-16→ Class B Common Stock (75,000 underlying)
Tax Payment
Class B Common Stock
2015-03-31$14.82/sh−15,600$231,192→ 831,771 total
→ Class A Common Stock (15,600 underlying)
Exercise/Conversion
Performance Units
2015-03-31−32,780→ 0 total
→ Class B Common Stock (32,780 underlying)
Other
Class A Common Stock
2015-03-31−100→ 0 total
Exercise/Conversion
Class B Common Stock
2015-03-31+9,120→ 847,371 total
→ Class A Common Stock (9,120 underlying)
Other
Class B Common Stock
2015-03-31−818,767→ 0 total
→ Class A Common Stock (818,767 underlying)
Other
Stock Appreciation Right
2015-03-31−220,000→ 0 total
Exercise: $13.31Exp: 2017-02-16→ Class B Common Stock (220,000 underlying)

Footnotes (10)

[F1]The shares of Journal Communications, Inc. stock were converted into shares of Journal Media Group, Inc. and The E.W. Scripps Company in connection with the closing of the transactions between Journal Communications and The E.W. Scripps Company (the "Transactions").
[F10]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.
[F2]Performance units granted March 11, 2013 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
[F3]Performance units granted March 6, 2014 to the reporting person under the Journal Communications, Inc. 2007 Omnibus Incentive Plan.
[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]The performance units were prorated based on the length of time within the performance period that had elapsed prior to the closing date of the Transactions.
[F6]Reflects payment of tax liability by withholding shares of stock incident to the vesting of performance units.
[F7]Reflects payment of tax liability by withholding shares of stock incident to the vesting of restricted stock.
[F8]The stock appreciation right was granted February 16, 2007 to the reporting person under the Journal Communications, Inc. 2003 Equity Incentive Plan.
[F9]In connection with the Transactions, all stock appreciation rights were fully vested as of March 30, 2015. All outstanding stock appreciation rights were cancelled and the reporting person received a cash payment.

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: Apr 2, 8:00 PM ET
Accepted: Apr 3, 4:53 PM ET
Size: 25.7 KB

View on SEC.gov