Crenshaw Carol 4
4 · tronc, Inc. · Filed Aug 9, 2017
Insider Transaction Report
Form 4
tronc, Inc.TRNC
Crenshaw Carol
Director
Transactions
- Award
Common Stock
2017-08-07+10,567→ 10,567 total - Award
Stock Units
2017-08-07+4,906→ 7,118 total→ Common Stock (4,906 underlying)
Footnotes (3)
- [F1]This award of restricted stock will vest on August 7, 2018, subject to acceleration upon certain events. The award will be forfeited if the Reporting Person voluntarily resigns from the Board of Directors prior to the vesting date.
- [F2]Stock units convert into common stock on a one-for-one basis.
- [F3]Represents stock units granted in lieu of annual cash director fee payable to the reporting person. The stock units are to be settled in shares of the Company's common stock upon the earlier of (i) the reporting person's termination of service as a director of the Company and (ii) a change in control (as defined in the tronc, Inc. 2014 Omnibus Incentive Plan).