4//SEC Filing
LIN Media LLC 4
Accession 0001209191-14-077796
CIK 0001575571operating
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 5:18 PM ET
Size
17.4 KB
Accession
0001209191-14-077796
Insider Transaction Report
Form 4
LIN Media LLCNYSE: LIN
Hicks, Muse & Co. Partners, L.P.
10% Owner
Transactions
- Conversion
Class B Common Shares
2014-06-12−36,422→ 78,164 total(indirect: See Footnotes)→ Class A Common hares (36,422 underlying) - Conversion
Class A Common Shares
2014-06-12+36,422→ 36,422 total(indirect: See Footnotes) - Disposition from Tender
Class A Common Shares
2014-12-19−36,422→ 0 total(indirect: See Footnote) - Disposition from Tender
Class B Common Shares
2014-12-19−78,164→ 0 total(indirect: See Footnote)→ Class A Common Shares (78,164 underlying)
HM Partners Inc.
10% Owner
Transactions
- Conversion
Class A Common Shares
2014-06-12+36,422→ 36,422 total(indirect: See Footnotes) - Conversion
Class B Common Shares
2014-06-12−36,422→ 78,164 total(indirect: See Footnotes)→ Class A Common hares (36,422 underlying) - Disposition from Tender
Class A Common Shares
2014-12-19−36,422→ 0 total(indirect: See Footnote) - Disposition from Tender
Class B Common Shares
2014-12-19−78,164→ 0 total(indirect: See Footnote)→ Class A Common Shares (78,164 underlying)
Footnotes (5)
- [F1]On June 12, 2014, 36,422 Class B Common Shares were converted into 36,422 Class A Common Shares at the holder's election for no additional consideration. All 36,422 Class B Common Shares were held of record by Hicks, Muse & Co. Partners, L.P., a Texas limited partnership ("HM&Co."). All 36,422 Class A Common Shares are held of record by HM&Co.
- [F2]HM Partners Inc., a Texas corporation ("HM Partners"), is the sole general partner of HM&Co, and HM Partners may be deemed to beneficially own all of the securities held directly by HM&Co. HM Partners disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein.
- [F3]Each share was disposed of pursuant to a merger agreement among the issuer, Media General, Inc. and certain of Media General, Inc.'s subsidiaries in exchange for, at the election of the holder thereof, either (a) $25.97 in cash without interest or (b) 1.4714 shares of the voting common stock of Media General, Inc., in each case, upon the terms and subject to the conditions set forth in the merger agreement.
- [F4]At any time upon the election of the holder for no additional consideration, each Class B Common Share is convertible into (i) one fully paid and non-assessable Class A Common Share or (ii) one fully paid and non-assessable Class C Common Share; provided that (a) any necessary approvals of the Federal Communication Commission have been obtained prior to any conversion, and (b) no Class B Common Shares will be converted into Class C Common Shares unless the holders of at least a majority of the Class B Common Shares approve such conversion.
- [F5]All of the 78,164 Class B Common Shares are held of record by HM&Co.
Issuer
LIN Media LLC
CIK 0001575571
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001575571
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 5:18 PM ET
- Size
- 17.4 KB