Storer Timothy Michael 4
4 · A. H. Belo Corp · Filed Mar 8, 2018
Insider Transaction Report
Form 4
Storer Timothy Michael
President/DMV Portfolio
Transactions
- Exercise/Conversion
Series A Common Stock
2018-03-07+80,000→ 80,000 total - Disposition to Issuer
Series A Common Stock
2018-03-07$5.15/sh−32,000$164,800→ 48,000 total - Exercise/Conversion
Restricted Stock Units (Performance-Based)
2018-03-07−80,000→ 0 total→ Series A Common Stock (80,000 underlying)
Footnotes (5)
- [F1]Each performance-based restricted stock unit (PBRSU) represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. PBRSUs are valued as of the date of vesting and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.
- [F2]The number of shares shown represents the settlement of the 40% cash portion of PBRSUs that vested on March 7, 2018. Pursuant to SEC guidance, settlement of the cash portion is deemed a disposition of shares to the Company.
- [F3]These PBRSUs were awarded on March 2, 2017. The actual number earned was determined on March 1, 2018. They vest 100% on the third trading day following the annual earnings release date for December 31, 2017, and are settled within 10 business days after vesting.
- [F4]Each PBRSU represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. PBRSUs are valued as of the date of vesting and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.
- [F5]These PBRSUs vest 100% on the third trading day following the annual earnings release for the fiscal year ending December 31, 2017, and are settled within 10 business days after vesting.