BASCOBERT PAUL J 4
4 · Gannett Media Corp. · Filed Nov 21, 2019
Insider Transaction Report
Form 4
BASCOBERT PAUL J
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Restricted Stock Units
2019-11-19−165,649→ 0 total→ Common Stock (165,649 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represented a contingent right to receive one share of the underlying Common Stock.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of August 5, 2019 (the "Merger Agreement"), among Gannett Co., Inc. (now known as Gannett Media Corp.) (the "Company "), New Media Investment Group Inc. (now known as Gannett Co., Inc.) ("Parent"), Arctic Holdings LLC (now known as Gannett Holdings LLC) and Arctic Acquisition Corp. ("Merger Sub"), Merger Sub was merged with and into the Company on November 19, 2019. In accordance with the Merger Agreement, each restricted stock unit was converted into 1.43243 Parent restricted stock units, subject to the same vesting schedule as applied to the converted Company restricted stock units.
- [F3]By their terms, the restricted stock units were scheduled to vest in three equal installments on September 23, 2020, 2021 and 2022.