4//SEC Filing
Graffam Fred 4
Accession 0001437106-19-000066
CIK 0001437106other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 5:00 PM ET
Size
11.3 KB
Accession
0001437106-19-000066
Insider Transaction Report
Form 4
Graffam Fred
Senior Vice President & CFO
Transactions
- Tax Payment
Series A Common Stock
2019-08-30$0.78/sh−2,071$1,605→ 9,648 total - Disposition to Issuer
Series A Common Stock
2019-08-30−9,648→ 0 total - Disposition to Issuer
Phantom Units
2019-08-30−40,761→ 0 total→ Series A Common Stock (40,761 underlying)
Footnotes (5)
- [F1]The shares disposed of in this transaction were withheld by the Issuer in connection with the payment of withholding taxes on certain restricted shares that vested on August 30, 2019. The price is the closing price on August 29, 2019.
- [F2]Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), each share of the Issuer's Series A common stock and Series B common stock (together, the "Ascent Common Stock") was converted into the merger consideration, such that each holder of record of Ascent Common Stock has the right to receive, in the aggregate, a number of shares of Monitronics' (as defined in the Remarks section) common stock equal to the product of the total number of shares of such series of Ascent Common Stock held by such holder immediately prior to the Merger (as defined in the Remarks section) multiplied by the exchange ratio (as defined in the Remarks section, the "Exchange Ratio").
- [F3]Each phantom unit was the economic equivalent of one share of the Issuer's Series A common stock.
- [F4]Vests in three equal annual installments beginning on March 29, 2019, subject to Mr. Graffam's employment with Ascent and Brinks Home Security on each vesting date. On the settlement date, the fair market value of the phantom units that vest shall be paid to Mr. Graffam in cash.
- [F5]Pursuant to the terms of the Merger Agreement, each outstanding award of phantom units was converted into an award of phantom units with respect to Monitronics common stock equal to (x) the Exchange Ratio multiplied by (y) the aggregate number of shares covered by such phantom units, rounded to the nearest whole unit.
Documents
Issuer
Ascent Capital Group, Inc.
CIK 0001437106
Entity typeother
Related Parties
1- filerCIK 0001618232
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 5:00 PM ET
- Size
- 11.3 KB