4//SEC Filing
Marks Clifford E 4
Accession 0001377630-21-000060
CIK 0001377630other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 6:11 PM ET
Size
20.3 KB
Accession
0001377630-21-000060
Insider Transaction Report
Form 4
Marks Clifford E
Pres. Sales & Chief Mktg Off.
Transactions
- Disposition to Issuer
Common Stock
2021-03-02−38,409→ 380,691 total - Sale
Common Stock
2021-03-01$4.60/sh−150,000$690,255→ 449,982 total - Disposition to Issuer
Common Stock
2021-03-02−23,800→ 356,891 total - Disposition to Issuer
Common Stock
2021-02-28−4,785→ 599,982 total - Tax Payment
Common Stock
2021-03-01$4.50/sh−30,882$138,969→ 419,100 total
Footnotes (5)
- [F1]On January 24, 2018, the reporting person received a grant of 95,692 shares of restricted stock that would vest upon achievement of specified performance targets at the end of a three-year measurement period ending March 1, 2021. On February 28, 2021, the Issuer's Board of Directors modified the grant by revising specified performance targets to remove the 2020 portion of the target and actual free cash flow performance and digital revenue from the calculation. Following this modification, the Issuer determined that the performance conditions were 95.0% satisfied and, as a result, a portion of the original grant was forfeited.
- [F2]This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2020.
- [F3]Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
- [F4]On February 19, 2019, the reporting person received a grant of 93,000 shares of restricted stock that would vest upon achievement of specified performance targets at the end of a three-year measurement period ending February 28, 2022. On March 2, 2021, the Issuer's Board of Directors modified the grant to vest at 58.7% and, as a result, a portion of the original grant was forfeited. The remainder of the February 19, 2019 award will vest on the original vesting date of February 28, 2022 and remains subject to the employee's continued employment with the Issuer.
- [F5]On January 22, 2020, the reporting person received a grant of 71,400 shares of restricted stock that would vest upon achievement of specified performance targets at the end of a three-year measurement periods ending February 27, 2023. On March 2, 2021, the Issuer's Board of Directors modified the grant and in connection with the modification determined that one-third of the award was related to the Issuer's performance during the 2020 fiscal year and would vest at 0.0% and, as a result, a portion of the original grant was forfeited.
Issuer
National CineMedia, Inc.
CIK 0001377630
Entity typeother
Related Parties
1- filerCIK 0001388840
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 6:11 PM ET
- Size
- 20.3 KB