GALLOWAY SCOTT 4
4 · NEW YORK TIMES CO · Filed Apr 24, 2009
Insider Transaction Report
Form 4
GALLOWAY SCOTT
Director
Transactions
- Award
Phantom Stock Unit
2009-04-23+7,348.181→ 9,164.005 total→ Class A Common Stock (7,348.181 underlying) - Award
Options (Directors 2009)
2009-04-23+4,000→ 4,000 totalExercise: $4.92Exp: 2019-04-23→ Class A Common Stock (4,000 underlying)
Footnotes (2)
- [F1]Right to buy Class A Common Stock under The New York Times Company 2004 Non-Employee Directors' Stock Incentive Plan. Options become exercisable on the date of the first Annual Meeting of Stockholders subsequent to the grant date. The grant date for Option 2009 was April 23, 2009.
- [F2]Phantom stock units credited to the reporting person's account in respect of a discretionary grant, with a value of $35,000, and dividend equivalent payments and accumulated interest on previously granted phantom stock units. Each phantom stock unit was credited to the reporting person's account under The New York Times Company Non-Employee Directors Deferral Plan, on April 23, 2009, based on the average closing price of a share of Class A Common Stock for the 30 trading days prior to the date of credit. Distribution in cash is generally made following retirement. This transaction involved a derivative security that does not have an exercise date or an expiration date.