4//SEC Filing
MARTHA STEWART LIVING OMNIMEDIA INC 4
Accession 0001209191-14-000476
CIK 0001091801operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:55 AM ET
Size
17.1 KB
Accession
0001209191-14-000476
Insider Transaction Report
Form 4
Lagani Joseph
EVP, Chief Revenue Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-12-31−33,333→ 0 total→ Class A Common Stock, par value $0.01 (33,333 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2013-12-31−25,000→ 50,000 totalExercise: $2.90Exp: 2013-03-31→ Class A Common Stock, par value $0.01 (25,000 underlying) - Exercise/Conversion
Class A Common Stock, par value $0.01
2013-12-31+16,667→ 27,173 total - Tax Payment
Class A Common Stock, par value $0.01
2013-12-31$4.20/sh−6,161$25,876→ 21,012 total - Exercise/Conversion
Performance Restricted Stock Units
2013-12-31−60,000→ 0 total→ Class A Common Stock, par value $0.01 (60,000 underlying) - Exercise/Conversion
Performance Stock Options (Right to Buy)
2013-12-31−125,000→ 0 total→ Class A Common Stock, par value $0.01 (125,000 underlying)
Footnotes (9)
- [F1]Represents the conversion upon vesting of restricted stock units into Class A Common Stock.
- [F2]In accordance with Mr. Lagani's employment agreement, restricted stock units that had a vesting date within twelve months of Mr. Lagani's termination date of December 31, 2013 (the "Termination Date"), vested on December 31, 2013.
- [F3]Represents 6,011 shares of Class A Common Stock withheld to pay applicable withholding taxes in connection with the vesting of 16,667 restricted stock units.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F5]In accordance with Mr. Lagani's employment agreement, RSUs that had a vesting date within twelve months of Mr. Lagani's Termination Date, vested on December 31, 2013. Accordingly, 16,667 RSUs vested on December 31, 2013 and 16,666 RSUs were forfeited.
- [F6]In accordance with Mr. Lagani's employment agreement, performance restricted stock units that did not meet the performance targets were forfeited as of the Termination Date.
- [F7]In accordance with Mr. Lagani's employment agreement, stock options that had a vesting date within twelve months of Mr. Lagani's Termination Date, vested on December 31, 2013. Accordingly, 25,000 stock options vested on December 31, 2013 and 25,000 stock options were forfeited. Mr. Lagani will have three months following his Termination Date to exercise his vested stock options.
- [F8]25,000 of these stock options previously vested on November 7, 2013.
- [F9]In accordance with Mr. Lagani's employment agreement, performance stock options that did not meet the performance targets were forfeited as of the Termination Date.
Documents
Issuer
MARTHA STEWART LIVING OMNIMEDIA INC
CIK 0001091801
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091801
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 9:55 AM ET
- Size
- 17.1 KB