Walker Laura R 4
4 · TRIBUNE MEDIA CO · Filed Dec 7, 2017
Insider Transaction Report
Form 4
TRIBUNE MEDIA COTRCO
Walker Laura R
Director
Transactions
- Award
Class A Common Stock
2017-12-05+24→ 17,599 total
Footnotes (2)
- [F1]These Restricted Stock Units ("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 December 5, 2017. 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. RSUs convert into shares of Class A Common Stock upon vesting on a one-for-one basis.
- [F2]On January 3, 2017, the Company announced a special dividend that was paid in February 2017 to holders of the Issuer's Class A Common Stock. As a result, Restricted Stock Units held by the Reporting Person were adjusted pursuant to the terms of the 2016 Tribune Media Company Stock Compensation Plan for Non-Employee Directors to reflect the special dividend. This total reflects that adjustment.