Pendrell Corp 4

4 · Pendrell Corp · Filed Feb 16, 2017

Form 4

Period: 2017-02-15

Director

Transactions

Exercise/Conversion
Class A Common Stock
2017-02-15+100,000→ 311,257 total
Exercise/Conversion
Restricted Stock Unit Award
2017-02-15−100,000→ 200,000 total
Exercise: $0.00From: 2017-02-15Exp: 2025-06-15→ Class A Common Stock (100,000 underlying)

Holdings

Class A Common Stock
(indirect: By Spouse)
7,479
Class A Common Stock
(indirect: By Trust)
8,610
Class A Common Stock
(indirect: By custodial account for the benefit of son)
100
Class A Common Stock
(indirect: By Trust)
1,000

Footnotes (4)

[F1]Vested restricted stock units were distributed to the reporting person, without payment, in shares of Class A Common Stock on a unit-for-share basis on the vesting date.
[F2]Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
[F3]Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
[F4]On June 15, 2015, the reporting person was granted 300,000 performance based restricted stock units. 100,000 of those restricted stock units vested on February 15, 2017 due to the Company's achievement of its 2016 performance objectives. If the reporting person remains engaged, 100,000 restricted stock units will vest on each of February 15, 2018 and February 15, 2019, but only to the extent the Company achieves its performance objectives for the preceding calendar year under its then-applicable incentive plan.

Documents

1 file