NATIONAL AMUSEMENTS INC /MD/ 4
4 · Paramount Global · Filed Jun 2, 2023
Insider Transaction Report
Form 4
Paramount GlobalPARA
NATIONAL AMUSEMENTS INC /MD/
Director10% Owner
Transactions
- Sale
Warrant (obligation to sell)
2023-05-31−3,500,000→ 0 total(indirect: By NAI)Exercise: $15.00From: 2028-05-31Exp: 2033-05-31→ Class B common stock (3,500,000 underlying)
Footnotes (2)
- [F1]On May 31, 2023, National Amusements, Inc. ("NAI") sold certain shares of Series A Senior Preferred Stock of NAI, together with one warrant to purchase from NAI up to 3.5 million shares of Class B common stock of Paramount Global, for total consideration of $125.0 million.
- [F2]The Sumner M. Redstone National Amusements Part B General Trust (the "Continuing Trust") owns 80% of the voting stock of NAI. Subject to certain exceptions, actions by the Continuing Trust are authorized by a vote of a majority of the trustees. The shares owned directly and indirectly by NAI may also be deemed to be beneficially owned by the Continuing Trust.