Adam Reiss - May 25, 2021 Form 4 Insider Report for HEMISPHERE MEDIA GROUP, INC. (HMTV)

Role
Director
Signature
/s/ Adam Reiss
Stock symbol
HMTV
Transactions as of
May 25, 2021
Transactions value $
$0
Form type
4
Date filed
5/27/2021, 04:44 PM
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMTV CLASS A COMMON STOCK Award $0 +7.86K $0.00 7.86K May 25, 2021 Direct F1
transaction HMTV CLASS A COMMON STOCK Other $0 -7.86K -100% $0.00* 0 May 25, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted shares of Hemisphere Media Group, Inc. (the "Company") Class A common stock, par value $0.0001 per share ("Common Stock") granted to Mr. Reiss in connection with his service on the Company's Board of Directors pursuant to the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. The number of restricted shares was calculated by dividing $100,000 by the closing share price of the Common Stock on May 25, 2021, the date of grant. The restricted stock will vest on the day preceding the Company's 2022 annual meeting, subject to Mr. Reiss's continued service as a director on such vesting date.
F2 All restricted shares referred to in the preceding note 1 were transferred by Mr. Reiss and are owned by Searchlight Capital Partners, LP, a Delaware limited partnership ("SCP LP"). See Remarks below.

Remarks:

Mr. Reiss, a manager of Searchlight II HMT GP, LLC ("SCP HMT GP"), a Delaware limited liability company and an affiliate of SCP LP, serves on the board of directors of the Company. Mr. Reiss was selected by SCP HMT GP as a designee to the board of directors of the Company pursuant to the Stockholders Agreement, dated as of September 6, 2016, as amended by Amendment No. 1, dated as of October 21, 2016, and Amendment No. 2, dated as of June 9, 2019, by and among the Company, Gato Investments LP, InterMedia Hemisphere Roll-Over L.P., InterMedia Partners VII, L.P., Gemini Latin Holdings, LLC, Peter M. Kern and Searchlight II HMT, L.P.