Alexandra Seros - Dec 31, 2022 Form 3 Insider Report for ENTRAVISION COMMUNICATIONS CORP (EVC)

Role
10%+ Owner
Signature
ALEXANDRA SEROS /s/ Alexandra Seros
Stock symbol
EVC
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
3
Date filed
2/16/2023, 08:05 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EVC Class A Common Stock 425 Dec 31, 2022 Direct
holding EVC Class A Common Stock 2.55M Dec 31, 2022 By Estate of Walter F. Ulloa F1, F2, F3
holding EVC Class A Common Stock 10.6M Dec 31, 2022 By Seros Ulloa Family Trust of 1996 F1, F4
holding EVC Class A Common Stock 890K Dec 31, 2022 By Walter F. Ulloa Irrevocable Trust of 1996 F1, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding EVC Stock Option (Right to Buy) Dec 31, 2022 Class A Common Stock 150K $1.92 By Estate of Walter F. Ulloa F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 31, 2022, as a result of Walter F. Ulloa's death, (i) 10,599,517 shares of Class B Common Stock held by the Seros Ulloa Family Trust of 1996 (the "Family Trust") and 889,848 shares of Class B Common Stock held by the Walter F. Ulloa Irrevocable Trust of 1996 (the "Ulloa Irrevocable Trust") automatically converted into an equal number of shares of Class A Common Stock of the Issuer, (ii) Alexandra Seros, the spouse of Mr. Ulloa, became the sole trustee of the Family Trust and (iii) the Estate of Walter F. Ulloa acquired beneficial ownership of 2,552,783 shares of Class A Common Stock (which includes 1,050,000 fully vested restricted stock units) and 150,000 shares of Class A Common Stock subject to a fully vested stock option.
F2 Pursuant to the terms of Walter F. Ulloa's employment agreement, all unvested time-based equity awards held by Mr. Ulloa under the Issuer's 2004 Equity Incentive Plan automatically vested in full upon his death on December 31, 2022.
F3 These securities are owned directly by the Estate of Walter F. Ulloa of which Alexandra Seros is the personal representative. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.
F4 These securities are owned directly by the Family Trust, a ten percent owner of the Issuer, and indirectly by Alexandra Seros as the sole trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.
F5 These securities are owned directly by the Ulloa Irrevocable Trust and indirectly by Thomas Strickler as the sole trustee of such trust. Alexandra Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.