4//SEC Filing
MARTHA STEWART LIVING OMNIMEDIA INC 4
Accession 0001209191-15-070161
CIK 0001091801operating
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 5:08 PM ET
Size
26.0 KB
Accession
0001209191-15-070161
Insider Transaction Report
Form 4
WEST KENNETH P
EVP, Chief Financial Officer
Transactions
- Tax Payment
Class A Common Stock, par value $0.01
2015-09-08$6.11/sh−12,652$77,304→ 84,251 total - Tax Payment
Class A Common Stock, par value $0.01
2015-09-08$6.11/sh−7,156$43,723→ 93,761 total - Exercise/Conversion
Restricted Stock Units
2015-09-06+30,000→ 0 total→ Class A Common Stock, par value $0.01 (30,000 underlying) - Exercise/Conversion
Class A Common Stock, par value $0.01
2015-09-06+30,000→ 96,903 total - Exercise/Conversion
Class A Common Stock, par value $0.01
2015-09-06+16,666→ 100,917 total - Exercise/Conversion
Restricted Stock Units
2015-09-06+16,666→ 0 total→ Class A Common Stock, par value $0.01 (16,666 underlying)
Holdings
- 60,000
Performance Restricted Stock Units
Exp: 2017-09-06→ Class A Common Stock, par value $0.01 (60,000 underlying) - 90,000
Performance Restricted Stock Units
Exp: 2017-09-06→ Class A Common Stock, par value $0.01 (90,000 underlying) - 100,000
Performance Stock Options (Right to Buy)
Exp: 2024-09-06→ Class A Common Stock, par value $0.01 (100,000 underlying) - 30,000
Stock Options (Right to Buy)
Exercise: $3.92Exp: 2023-12-15→ Class A Common Stock, par value $0.01 (30,000 underlying) - 50,000
Stock Options (Right to Buy)
Exercise: $2.48Exp: 2023-02-28→ Class A Common Stock, par value $0.01 (50,000 underlying) - 20,044
Restricted Stock Units
→ Class A Common Stock, par value $0.01 (20,044 underlying) - 75,000
Stock Options (Right to Buy)
Exercise: $3.08Exp: 2021-09-05→ Class A Common Stock, par value $0.01 (75,000 underlying)
Footnotes (11)
- [F1]Represents shares withheld by the Company to satisfy tax withholding obligations that arose upon the vesting of Mr. West's restricted stock units.
- [F10]10,000 of these time-vested options vested on December 16, 2014. 10,000 of these time-vested options will vest on each of December 16, 2015 and December 16, 2016.
- [F11]These options became fully vested on March 1, 2015
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]On September 6, 2011, Mr. West was granted 50,000 restricted stock units, of which 16,667 vested on each of September 6, 2013 and September 6, 2014 and the remaining 16,666 restricted stock units vested on September 6, 2015.
- [F4]100% of these restricted stock units vested on September 6, 2015.
- [F5]30,000 of these PRSUs vest only if the trailing average closing price (the "TACP") of the Company's Class A Common Stock (the "Stock") is at least $5 during any 30 consecutive trading days during the period from 9/7/14 through 9/7/17 (the "Performance Period"). 30,000 of the PRSUs vest only if the TACP of the Stock is at least $6 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSUs vest only if the TACP of the Stock is at least $8 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSUs vest only if the TACP of the Stock is at least $10 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSUs vest only if the TACP of the Stock is at least $12 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSUs vest only if the TACP of the Stock is at least $14 during any 30 consecutive trading days during the Performance Period.
- [F6]6,681 of these time-vested Restricted Stock Units will vest on each of March 2, 2016 and March 2, 2017. The remaining 6,682 of these time-vested Restricted Stock Units will vest on March 2, 2018.
- [F7]25,000 of the performance options have an exercise price of $6 and 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. 25,000 of the performance options have an exercise price of $8 and 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. 25,000 of the performance options have an exercise price of $10 and 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. 25,000 of the performance options have an exercise price of $12 and 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.
- [F8]Mr. West has vested in 25,000 performance options as a result of the achievement of certain performance criteria.
- [F9]These options became fully vested on September 6, 2015.
Documents
Issuer
MARTHA STEWART LIVING OMNIMEDIA INC
CIK 0001091801
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001091801
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 5:08 PM ET
- Size
- 26.0 KB