Dearborn Justin C 4
4 · tronc, Inc. · Filed Aug 4, 2017
Insider Transaction Report
Form 4
tronc, Inc.TRNC
Dearborn Justin C
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock
2017-08-02+125,000→ 125,000 total - Tax Payment
Common Stock
2017-08-02$12.18/sh−54,327$661,703→ 70,673 total - Exercise/Conversion
Restricted Stock Units
2017-08-02−125,000→ 250,000 total→ Common Stock (125,000 underlying)
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Represents shares withheld for payment of taxes on vesting of restricted stock units, not an open market transaction.
- [F3]The award will vest in three equal installments on August 2, 2017, 2018 and 2019, subject to the Reporting Person's continued service and subject to acceleration upon certain events.