FERRO MICHAEL W JR 4
4 · tronc, Inc. · Filed Mar 20, 2018
Insider Transaction Report
Form 4
tronc, Inc.TRNC
FERRO MICHAEL W JR
Director10% Owner
Transactions
- Exercise/Conversion
Stock Units
2018-03-18−2,212→ 0 total→ Common Stock (2,212 underlying) - Disposition to Issuer
Common Stock
2018-03-18−450,000→ 0 total - Exercise/Conversion
Common Stock
2018-03-18+2,212→ 2,212 total - Exercise/Conversion
Common Stock
2018-03-18+21,529→ 23,741 total - Exercise/Conversion
Stock Units
2018-03-18−21,529→ 0 total→ Common Stock (21,529 underlying)
Holdings
- 3,827,788(indirect: By LLC)
Common Stock
- 5,220,000(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]Mr. Ferro elected to forgo any vesting of the restricted shares granted in August 2017 by retiring from the Board of Directors on March 18, 2018.
- [F2]Merrick Venture Management, LLC is the sole manager of Merrick Media, LLC. Mr. Ferro serves as the manager of Merrick Venture Management, LLC. Mr. Ferro disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]Stock units convert into common stock on a one-for-one basis.
- [F4]These stock units had previously vested. They settled in shares of the Issuer's common stock upon Mr. Ferro's retirement from the Board of Directors of the Issuer.