4//SEC Filing
MARTHA STEWART LIVING OMNIMEDIA INC 4
Accession 0001209191-13-051470
CIK 0001091801operating
Filed
Nov 7, 7:00 PM ET
Accepted
Nov 8, 6:25 PM ET
Size
15.2 KB
Accession
0001209191-13-051470
Insider Transaction Report
Form 4
Lagani Joseph
EVP, Chief Revenue Officer
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.01
2013-11-07+16,667→ 16,667 total - Tax Payment
Class A Common Stock, par value $0.01
2013-11-07$3.14/sh−6,161$19,346→ 10,506 total - Exercise/Conversion
Restricted Stock Units
2013-11-07−16,667→ 33,333 total→ Class A Common Stock, par value $0.01 (16,667 underlying)
Holdings
- 75,000
Stock Options (Right to Buy)
Exercise: $2.90Exp: 2021-11-30→ Class A Common Stock, par value $0.01 (75,000 underlying) - 60,000
Performance Restricted Stock Units
→ Class A Common Stock, par value $0.01 (60,000 underlying) - 125,000
Performance Stock Options (Right to Buy)
Exp: 2021-11-30→ Class A Common Stock, par value $0.01 (125,000 underlying)
Footnotes (7)
- [F1]Represents the conversion upon vesting of restricted stock units into Class A Common Stock.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]Represents 6,161 shares of Class A Common Stock withheld to pay applicable withholding taxes in connection with the vesting of 16,667 restricted stock units.
- [F4]On December 1, 2011, the reporting person was granted 50,000 restricted stock units, of which 16,667 vested on November 7, 2013. The remaining restricted stock units will vest with respect to 16,667 restricted stock units on November 7, 2014 and with respect to the remaining 16,666 restricted stock units on November 7, 2015.
- [F5]15,000 of the performance restricted stock units ("PRSU's) will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the period beginning on November 8, 2011 and ending on November 8, 2014 (the "Performance Period"). 15,000 of the PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $12 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $14 during any 30 consecutive trading days during the Performance Period.
- [F6]25,000 of these time-vested options vested on November 7, 2013. 25,000 of these time-vested options will vest on each of November 7, 2014 and November 7, 2015.
- [F7]31,250 of the performance options have an exercise price of $6 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $6 during any 30 consecutive trading days during the Performance Period. 31,250 of the performance options have an exercise price of $8 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the Performance Period. 31,250 of the performance options have an exercise price of $10 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period. 31,250 of the performance options have an exercise price of $12 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $12 during any 30 consecutive trading days of the Performance Period.
Documents
Issuer
MARTHA STEWART LIVING OMNIMEDIA INC
CIK 0001091801
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091801
Filing Metadata
- Form type
- 4
- Filed
- Nov 7, 7:00 PM ET
- Accepted
- Nov 8, 6:25 PM ET
- Size
- 15.2 KB