5//SEC Filing
Lee Bordes 2016 GRAT #2 5
Accession 0001209191-18-008845
CIK 0001099160other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 4:36 PM ET
Size
15.0 KB
Accession
0001209191-18-008845
Insider Transaction Report
Form 5
Transactions
- Other
Class A Common Stock
2017-12-29$4.61/sh−16,330.398$75,283→ 0 total - Gift
Class A Common Stock
2017-05-23−85,734.574→ 16,330.398 total - Gift
Class A Common Stock
2017-05-23−82,810.14→ 15,773.363 total - Other
Class A Common Stock
2017-12-29$4.61/sh−15,773.363$72,715→ 0 total
Transactions
- Gift
Class A Common Stock
2017-05-23−82,810.14→ 15,773.363 total - Other
Class A Common Stock
2017-12-29$4.61/sh−15,773.363$72,715→ 0 total - Gift
Class A Common Stock
2017-05-23−85,734.574→ 16,330.398 total - Other
Class A Common Stock
2017-12-29$4.61/sh−16,330.398$75,283→ 0 total
Footnotes (6)
- [F1]Gift.
- [F2]Shares held in escrow and subject to reduction in connection with the purchase price adjustment provisions of the Agreement and Plan of Merger (the "Merger Agreement"), dated July 19, 2016, by and among the Issuer, Greater Media, Inc. ("Greater Media"), Beasley Media Group 2, Inc., an indirect wholly owned subsidiary of the Issuer ("Merger Sub"), and Peter A. Bordes, Jr., as the stockholders' representative (the "Stockholders' Representative"), pursuant to which, on November 1, 2016 (the "Effective Time"), Merger Sub was merged with and into Greater Media, with Greater Media surviving the merger as an indirect wholly owned subsidiary of the Issuer (the "Merger").
- [F3]The Reporting Person disclaims beneficial ownership of the shares held in escrow, except to the extent of any pecuniary interest therein, and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]These securities are owned solely by the Lee Bordes 2016 GRAT #2. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F5]These securities are owned solely by the Lee Bordes 2016 GRAT #3. Each of the other reporting persons disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F6]Shares released to the Issuer from escrow, pursuant to the Settlement Agreement (the "Settlement Agreement"), dated December 29, 2017, by and among the Issuer, Greater Media and the Stockholders' Representative, in full satisfaction of the Reporting Person's obligations with respect to (i) certain purchase price and other adjustments under Section 1.7 of the Merger Agreement, and (ii) resolution of certain other claims between the Issuer and BFTW LLC.
Documents
Issuer
BEASLEY BROADCAST GROUP INC
CIK 0001099160
Entity typeother
IncorporatedFL
Related Parties
1- filerCIK 0001689029
Filing Metadata
- Form type
- 5
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 4:36 PM ET
- Size
- 15.0 KB