LIONS GATE ENTERTAINMENT CORP /CN/ 4
4 · LIONS GATE ENTERTAINMENT CORP /CN/ · Filed Dec 12, 2016
Insider Transaction Report
Form 4
Grainge Lucian
Director
Transactions
- Other
Common Shares
2016-12-08−2,443→ 0 total - Other
Class A Voting Shares
2016-12-08+1,221→ 1,221 total - Other
Class B Non-Voting Shares
2016-12-08+1,221→ 1,221 total
Footnotes (5)
- [F1]Pursuant to a reclassification exempt under Rule 16b-7, each Common Share, without par value, was reclassified into 0.5 Class A voting shares, without par value, and 0.5 Class B non-voting shares, without par value (the "Reclassification"). Restricted share units granted prior to the Reclassification were equitably adjusted in connection with the Reclassification.
- [F2]These are restricted share units granted by the Issuer, payable upon vesting in an equal number of Common Shares, which are scheduled to vest in three equal annual installments beginning on September 13, 2017.
- [F3]These are restricted share units granted by the Issuer, payable upon vesting in an equal number of Class A voting shares, which are scheduled to vest in three equal annual installments beginning on September 13, 2017.
- [F4]These are restricted share units granted by the Issuer, payable upon vesting in an equal number of Class B non-voting shares, which are scheduled to vest in three equal annual installments beginning on September 13, 2017.
- [F5]Upon the completion of the Reclassification, each restricted share unit award was adjusted to cover (a) a number of Class A voting shares equal to the number of common shares subject to the restricted share unit award immediately prior to the Reclassification, multiplied by 0.5, rounded down to the nearest whole share and (b) a number of Class B non-voting shares equal to the number of common shares subject to the restricted share unit award immediately prior to the Reclassification, multiplied by 0.5, rounded down to the nearest whole share. Fractional Class A voting shares and Class B non-voting shares resulting from the adjustment were cancelled in exchange for a cash payment equal to the closing trading price of the Class A voting shares or Class B non-voting shares, as applicable, on December 9, 2016, multiplied by the fraction cancelled.