4//SEC Filing
Hilty Sarah Kinnick 4
Accession 0001377630-21-000064
CIK 0001377630other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 6:17 PM ET
Size
21.5 KB
Accession
0001377630-21-000064
Insider Transaction Report
Form 4
Hilty Sarah Kinnick
SVP & General Counsel
Transactions
- Disposition to Issuer
Common Stock
2021-02-28−372→ 107,043 total - Disposition to Issuer
Common Stock
2021-03-02−8,673→ 96,331 total - Disposition to Issuer
Common Stock
2021-03-02−8,500→ 87,831 total - Award
Restricted Stock Units
2021-02-28+31,779→ 31,779 total→ Common Stock (31,779 underlying) - Tax Payment
Common Stock
2021-03-01$4.50/sh−2,039$9,176→ 105,004 total
Footnotes (6)
- [F1]On February 12, 2018, the reporting person received a grant of 7,426 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]Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
- [F3]On February 19, 2019, the reporting person received a grant of 21,000 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.
- [F4]On January 22, 2020, the reporting person received a grant of 25,500 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.
- [F5]Each restricted stock unit represents the right to receive one share of the Issuer's common stock.
- [F6]Represents shares of restricted stock units that will vest in two equal annual installments beginning on February 28, 2022.
Issuer
National CineMedia, Inc.
CIK 0001377630
Entity typeother
Related Parties
1- filerCIK 0001730308
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 6:17 PM ET
- Size
- 21.5 KB