4//SEC Filing
NATIONAL AMUSEMENTS INC /MD/ 4
Accession 0001387131-23-011043
CIK 0000813828other
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 4:42 PM ET
Size
8.9 KB
Accession
0001387131-23-011043
Insider Transaction Report
Form 4
Paramount GlobalPARA
Sumner M. Redstone National Amusements Part B General Trust
Director10% Owner
Transactions
- Sale
Warrant (obligation to sell)
2023-09-07−700,000→ 0 total(indirect: By NAI)Exercise: $15.00From: 2028-09-07Exp: 2033-09-07→ Class B common stock (700,000 underlying)
NATIONAL AMUSEMENTS INC /MD/
Director10% Owner
Transactions
- Sale
Warrant (obligation to sell)
2023-09-07−700,000→ 0 total(indirect: By NAI)Exercise: $15.00From: 2028-09-07Exp: 2033-09-07→ Class B common stock (700,000 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 million pursuant to a senior preferred purchase agreement (the "Purchase Agreement") by and between NAI and BDT Columbia Holdings, LLC ("BDT"), dated as of May 25, 2023. On September 7, 2023, pursuant to the Purchase Agreement, NAI sold additional shares of Series A Senior Preferred Stock of NAI and issued one additional warrant to BDT to purchase from NAI up to 700,000 shares of Class B common stock of Paramount Global, for additional consideration of $25 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.
Documents
Issuer
Paramount Global
CIK 0000813828
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0000913264
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 4:42 PM ET
- Size
- 8.9 KB