4//SEC Filing
WORLD WRESTLING ENTERTAINMENTINC 4
Accession 0001140361-16-065968
CIK 0001091907operating
Filed
May 16, 8:00 PM ET
Accepted
May 17, 4:15 PM ET
Size
14.8 KB
Accession
0001140361-16-065968
Insider Transaction Report
Form 4
Transactions
- Sale
Class A Common Stock, par value $.01 per share
2016-05-16$16.50/sh−2,191,894$36,166,251→ 0 total - Exercise/Conversion
Class A Common Stock, par value $.01 per share
2016-05-16+2,191,894→ 2,191,894 total - Exercise/Conversion
Class B Common Stock, par value $.01 per share
2016-05-16−2,191,894→ 1,547,372 totalExercise: $0.00→ Class A Common Stock, par value $.01 per share (2,191,894 underlying)
Holdings
- 100
Class A Common Stock, par value $.01 per share
- 566,670
Class B Common Stock, par value $.01 per share
Exercise: $0.00→ Class A Common Stock, par value $.01 per share (566,670 underlying)
McMahon Linda E.
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock, par value $.01 per share
2016-05-16+2,191,894→ 2,191,894 total - Exercise/Conversion
Class B Common Stock, par value $.01 per share
2016-05-16−2,191,894→ 1,547,372 totalExercise: $0.00→ Class A Common Stock, par value $.01 per share (2,191,894 underlying) - Sale
Class A Common Stock, par value $.01 per share
2016-05-16$16.50/sh−2,191,894$36,166,251→ 0 total
Holdings
- 100
Class A Common Stock, par value $.01 per share
- 566,670
Class B Common Stock, par value $.01 per share
Exercise: $0.00→ Class A Common Stock, par value $.01 per share (566,670 underlying)
Footnotes (7)
- [F1]The Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5, 2013 (the "GRAT") converted 2,191,894 shares of Class B Common Stock into 2,191,894 shares of Class A Common Stock on May 16, 2016.
- [F2]This Form 4 is jointly filed by the GRAT and Linda E. McMahon ("Ms. McMahon"). Ms. McMahon is the trustee of the GRAT, which was established by Vincent K. McMahon ("Mr. McMahon") for the benefit of Mr. McMahon and certain members of Mr. McMahon's family. Ms. McMahon has sole voting power and authority, and Ms. McMahon and Mr. McMahon (as special trustee of the GRAT) each has unilateral power and authority to sell, with respect to shares of Class B Common Stock held by the GRAT. During the initial three-year term of the GRAT, an annual annuity amount is payable to Mr. McMahon (or his estate) in trust shares of Class B Common Stock or other property.
- [F3]On the termination of the GRAT, after annuity distributions to Mr. McMahon (or his estate), any remaining trust shares of Class B Common Stock or other property will under certain circumstances pass to successor trusts for other members of Mr. McMahon's family. Mr. McMahon will not act as trustee of such successor trusts and will have no voting or investment power with respect to their assets. Mr. McMahon will separately report any non-exempt transactions with respect his shares of Class B Common Stock pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. These shares are owned directly by the GRAT and indirectly by Ms. McMahon, as trustee of the GRAT.
- [F4]All 2,191,894 of the shares of Class A Common Stock were sold in a block sale at a price of $16.50 per share.
- [F5]These shares are owned solely by Ms. McMahon. The GRAT does not beneficially own any of these shares.
- [F6]Class B Common Stock is convertible at any time into Class A Common Stock on a one-for-one basis at the option of the holder.
- [F7]N/A
Documents
Issuer
WORLD WRESTLING ENTERTAINMENTINC
CIK 0001091907
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091907
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 4:15 PM ET
- Size
- 14.8 KB