TRIBUNE MEDIA CO 4
4 · TRIBUNE MEDIA CO · Filed Sep 7, 2016
Insider Transaction Report
Form 4
TRIBUNE MEDIA COTRCO
BATTER JOHN
CEO, Gracenote & EVP Trib. M.
Transactions
- Award
Restricted Stock Units
2016-09-02+116.165→ 18,344.81 total→ Class A Common Stock (116.165 underlying) - Exercise/Conversion
Restricted Stock Units
2016-09-02−1,131.625→ 17,213.185 total→ Class A Common Stock (1,131.625 underlying) - Tax Payment
Class A Common Stock
2016-09-02$39.23/sh−425$16,673→ 2,249 total - Exercise/Conversion
Class A Common Stock
2016-09-02+1,131→ 2,674 total
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") is the economic equivalent of one share of the Issuer's Class A common stock.
- [F2]The RSUs represent dividend equivalent rights ("DERs") that accrued in respect of RSUs previously granted to the Reporting Person, as a result of payment of the quarterly cash dividend that was paid on the Issuer's Class A common stock on September 2, 2016. These DERs will vest proportionately and on the same terms and conditions with such related RSUs, except that fractional shares, if any, will be settled in cash.
- [F3]Of the RSUs granted to the Reporting Person on September 2, 2014 and dividend equivalents accrued thereon, 1,131.6248 vested on September 2, 2016. The remaining RSUs including dividend equivalents accrued from this grant will vest in two installments on September 2, 2017 and 2018, subject to the Reporting Person's continued employment.