MEREDITH CORP 4
4 · MEREDITH CORP · Filed Jul 9, 2008
Insider Transaction Report
Form 4
MEREDITH KATHERINE C
10% Owner
Transactions
- Other
Contract to Sell
2008-07-07−1,000,000→ 0 total(indirect: See footnote)→ Common Stock (1,000,000 underlying) - Other
Common Stock, par value $1.00 per share
2008-07-07$39.11/sh−1,000,000$39,110,000→ 7,200 total(indirect: By Trust)
Footnotes (2)
- [F1]Transferred on January 3, 2001 to Meredith Investments, Limited Partnership ("MILP"), a limited partnership in which the reporting person and related persons are deemed to hold general partnership and limited partnership interests. In connection with a prepaid variable equity forward contract (the "contract") entered into in January 2003, MILP had pledged 1,000,000 shares of Common Stock to secure its obligations under that agreement which had a maturity date of July 7, 2008. The reporting person disclaims beneficial ownership of the shares except to the extent that she has an economic beneficial interest in MILP.
- [F2]On April 3, 2008, the Settlement Price as defined in the contract was determined to be $39.11 which means that 1,000,000 shares were delivered by MILP at the closing on July 7, 2008. This transaction was exempt pursuant to SEC Rule 16b-6(b).