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4//SEC Filing

MEDIA GENERAL INC 4

Accession 0001140361-17-002082

CIK 0000216539operating
View on SEC.govCompany Profile

Filed

Jan 17, 7:00 PM ET

Accepted

Jan 18, 10:20 AM ET

Size

33.1 KB

Accession

0001140361-17-002082

Insider Transaction Report

Form 4
Period: 2017-01-17
MEDIA GENERAL INCMEG
Carington Andrew C.
VP,Gen. Counsel & Secretary
Transactions
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-01-17−4,300→ 0 total
    Exercise: $8.90Exp: 2020-01-28→ Voting Common Stock (no par value) (4,300 underlying)
  • Disposition to Issuer

    Voting Common Stock (no par value)

    2017-01-17−10,978→ 0 total
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-01-17−5,500→ 0 total
    Exercise: $4.98Exp: 2022-01-26→ Voting Common Stock (no par value) (5,500 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-01-17−4,000→ 0 total
    Exercise: $20.30Exp: 2018-01-29→ Voting Common Stock (no par value) (4,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-01-17−8,500→ 0 total
    Exercise: $4.26Exp: 2023-01-31→ Voting Common Stock (no par value) (8,500 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-01-17−3,000→ 0 total
    Exercise: $2.16Exp: 2019-01-29→ Voting Common Stock (no par value) (3,000 underlying)
  • Disposition to Issuer

    Employee Stock Option (right to buy)

    2017-01-17−3,200→ 0 total
    Exercise: $5.20Exp: 2021-01-27→ Voting Common Stock (no par value) (3,200 underlying)
  • Disposition to Issuer

    Performance-Based Restricted Stock Units

    2017-01-17−15,130→ 0 total
    Exercise: $0.00→ Voting Common Stock (no par value) (15,130 underlying)
  • Disposition to Issuer

    Time-Based Restricted Stock Units

    2017-01-17−5,043→ 0 total
    Exercise: $0.00→ Voting Common Stock (no par value) (5,043 underlying)
  • Disposition to Issuer

    Phantom Stock

    2017-01-17−1,560.795→ 0 total
    Exercise: $0.00→ Voting Common Stock (no par value) (1,560.795 underlying)
Footnotes (6)
  • [F1]On January 17, 2017, Media General, Inc. ("Media General") and Nexstar Broadcasting Group, Inc. ("Nexstar") consummated a business transaction (the "Merger") which resulted in Media General merging with a wholly owned subsidiary of Nexstar and Media General ultimately surviving as a wholly owned subsidiary of Nexstar. Pursuant to the Merger, each outstanding share of voting common stock, no par value per share, of Media General (the "Voting Common Stock"), was converted into the right to receive (x) $10.55 in cash, without interest, (y) one contractual contingent value right to be issued by Nexstar (a "CVR") and (z) 0.1249 of a share of Nexstar Class A common stock (together, the "Merger Consideration").
  • [F2]Each equity and equity-based award (other than stock options) granted pursuant to Media General's plans that was outstanding immediately prior to the Merger was cancelled and converted into the right to receive the Merger Consideration with respect to each share of Voting Common Stock underlying such award. Each stock option granted pursuant to Media General's plans that was outstanding immediately prior to the Merger was converted into the right to receive, with respect to each share of Voting Common Stock underlying such option, (i) an option to acquire shares of Nexstar Class A common stock (with the number of shares and the per-share exercise price being determined in accordance with the exchange ratio set forth in the merger agreement) and (ii) a CVR.
  • [F3]These options were granted under the Media General Amended and Restated Long-Term Incentive Plan and were fully exercisable.
  • [F4]Of these 15,130 Performance-Based Restricted Stock Units granted under the Media General Amended and Restated Long-Term Incentive Plan, 5,043 and 10,087 were scheduled to vest on February 26, 2017 and February 26, 2018, respectively, contingent upon achievement of performance metrics designated by the Compensation Committee of the Board of Directors at the beginning of each year.
  • [F5]Of these 5,043 Time-Based Restricted Stock Units granted under the Media General Amended and Restated Long-Term Incentive Plan, 1,681 and 3,362 were scheduled to vest on February 26, 2017 and February 26, 2018, respectively.
  • [F6]These units of Phantom Stock were acquired under Media General's supplemental 401(k) deferred compensation plan. Each unit was the economic equivalent of one share of Voting Common Stock. Units were payable in cash following the termination of the reporting person's employment.

Documents

2 files

Issuer

MEDIA GENERAL INC

CIK 0000216539

→
Entity typeoperating
IncorporatedVA

Related Parties

1
  • filerCIK 0000216539

Filing Metadata

Form type
4
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 10:20 AM ET
Size
33.1 KB
View on SEC.gov