Gannett Co., Inc. 4

Accession 0001144204-15-040533

CIK 0001635718operating

View on SEC.gov Company Profile

Filed

Jun 30, 8:00 PM ET

Accepted

Jul 1, 9:31 PM ET

Size

16.4 KB

Accession

0001144204-15-040533

Insider Transaction Report

Form 4

Period: 2015-06-29

Gannett Co., Inc.GCI

Payne David A.

Chief Product Officer

Transactions

Award
Restricted Stock Units
2015-06-29+0→ 0 total
→ Common Stock
Award
Restricted Stock Units
2015-06-29+9,746→ 9,746 total
From: 2016-12-31Exp: 2016-12-31→ Common Stock (9,746 underlying)
Award
Employee Stock Option (Right to Buy)
2015-06-29+0→ 0 total
Exp: 2018-12-10→ Common Stock
Award
Restricted Stock Units
2015-06-29+10,308→ 10,308 total
From: 2015-12-31Exp: 2015-12-31→ Common Stock (10,308 underlying)
Award
Restricted Stock Units
2015-06-29+5,285→ 5,285 total
From: 2017-12-31Exp: 2017-12-31→ Common Stock (5,285 underlying)

Footnotes (5)

[F1]In connection with the spin-off of the Issuer from TEGNA Inc. on June 29, 2015, each outstanding TEGNA stock option award was converted into an award of options to purchase both shares of TEGNA's common stock and shares of the Issuer's common stock. The number of shares and exercise prices of each option award will be adjusted (based in part on the volume weighted average per-share price of the Issuer's common stock during each of the first five full NYSE trading sessions commencing June 29, 2015) in a manner intended to preserve the aggregate intrinsic value of the original TEGNA stock option. Once the exercise price and number of underlying shares has been determined in respect of each grant, an amended Form 4 will be filed disclosing such information.
[F2]The option has vested as to all shares subject to the grant.
[F3]In connection with the spin-off, this outstanding and unvested time-vesting TEGNA restricted stock unit (RSU) award granted in 2015 was converted into an RSU award denominated in shares of the Issuer's common stock. The number of underlying shares will be adjusted (based in part on the volume weighted average per-share price of the Issuer's common stock during each of the first five full NYSE trading sessions commencing June 29, 2015) in a manner intended to preserve the aggregate intrinsic value of the original TEGNA RSU award. Once the number of shares of the Issuer's common stock underlying this RSU award has been determined, an amended Form 4 will be filed disclosing such information. Each RSU represents a contingent right to receive one share of the Issuer's underlying common stock.
[F4]These RSUs vest in four equal annual installments beginning on December 31, 2015. Vested shares will be delivered to the reporting person upon the earliest to occur of the termination of employment of the reporting person, a change in control of the issuer, and December 31, 2018.
[F5]In connection with the spin-off, each outstanding time-vesting TEGNA RSU award granted prior to 2015 was converted into an RSU award in respect of both shares of TEGNA's common stock and the Issuer's common stock. The number of shares of the Issuer's common stock subject to the award was determined based on the number of the Issuer's shares distributed per TEGNA share in the spin-off. Each RSU represents a contingent right to receive one share of the Issuer's underlying common stock.

Documents

1 file

4
v414629_form4.xmlPrimary
FORM 4

Issuer

Gannett Co., Inc.

CIK 0001635718

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001635718

Filing Metadata

Form type: 4
Filed: Jun 30, 8:00 PM ET
Accepted: Jul 1, 9:31 PM ET
Size: 16.4 KB

View on SEC.gov