4//SEC Filing
MARTHA STEWART LIVING OMNIMEDIA INC 4
Accession 0001209191-15-035055
CIK 0001091801operating
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 5:26 PM ET
Size
18.1 KB
Accession
0001209191-15-035055
Insider Transaction Report
Form 4
Dienst Daniel W
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.01
2015-04-15+200,000→ 292,481 total - Exercise/Conversion
Performance Restricted Stock Units
2015-04-15−200,000→ 600,000 total→ Class A Common Stock, par value $0.01 (200,000 underlying) - Tax Payment
Class A Common Stock, par value $0.01
2015-04-15$5.97/sh−95,784$571,830→ 196,697 total
Holdings
- 266,667
Restricted Stock Units
→ Class A Common Stock, par value $0.01 (266,667 underlying) - 250,000
Stock Options (Right to Buy)
Exercise: $3.00→ Class A Common Stock, par value $0.01 (250,000 underlying) - 250,000
Stock Options (Right to Buy)
Exercise: $4.00→ Class A Common Stock, par value $0.01 (250,000 underlying) - 250,000
Stock Options (Right to Buy)
Exercise: $5.00→ Class A Common Stock, par value $0.01 (250,000 underlying) - 50,000
Restricted Stock Units
→ Class A Common Stock, par value $0.01 (50,000 underlying) - 250,000
Stock Options (Right to Buy)
Exercise: $2.75→ Class A Common Stock, par value $0.01 (250,000 underlying)
Footnotes (7)
- [F1]Represents the vesting of restricted stock units as a result of the achievement of certain performance criteria.
- [F2]Represents shares withheld by the Company to satisfy tax withholding obligations that arose upon the vesting of Mr. Dienst's performance restricted stock units.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F4]200,000 of the performance restricted stock units ("PRSU's") 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 period beginning on October 28, 2013 and ending on December 31, 2016 (the "Performance Period"). 200,000 of the PRSU's 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. 200,000 of the PRSU's 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. 200,000 of the PRSU's 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.
- [F5]100% of these time-vested Restricted Stock Units will vest on March 2, 2016.
- [F6]133,333 of these time-vested Restricted Stock Units vested on December 31, 2014. 133,333 of these time-vested Restricted Stock Units will vest on December 13, 2015 and the remaining 133,334 of these time-vested Restricted Stock Units will vest on December 31, 2016.
- [F7]83,333 of these options vested on December 31, 2014. 83,333 of these options will vest on December 31, 2015 and the remaining 83,334 of these options will vest on December 31, 2016.
Documents
Issuer
MARTHA STEWART LIVING OMNIMEDIA INC
CIK 0001091801
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091801
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 5:26 PM ET
- Size
- 18.1 KB