Elizabeth C. Gulacsy - 15 Mar 2022 Form 4 Insider Report for SeaWorld Entertainment, Inc. (PRKS)

Role
Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer
Signature
/s/ Harold Herman, Power of Attorney
Issuer symbol
PRKS
Transactions as of
15 Mar 2022
Net transactions value
-$384,408
Form type
4
Filing time
16 Mar 2022, 16:00:30 UTC
Previous filing
15 Mar 2022
Next filing
15 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAS Common Stock Options Exercise $256,974 +9,999 +11% $25.70 105,220 15 Mar 2022 Direct F1
transaction SEAS Common Stock Sale $602,664 -9,399 -8.9% $64.12 95,821 15 Mar 2022 Direct F1, F2
transaction SEAS Common Stock Sale $38,718 -600 -0.63% $64.53 95,221 15 Mar 2022 Direct F1

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
transaction SEAS Employee Stock Option (right to buy) Options Exercise $0 -9,999 -100% $0.000000* 0 15 Mar 2022 Common Stock 9,999 $25.70 Direct F1, F3
transaction SEAS Stock Option (right to buy) Award $0 +2,704 $0.000000 2,704 15 Mar 2022 Common Stock 2,704 $64.71 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on December 3, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $63.50 to $64.50, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 The option, representing a right to purchase a total of 9,999 shares, became exercisable in three equal annual installments beginning on March 14, 2020, which was the first anniversary of the date on which the option was granted.
F4 The option becomes exercisable in three installments with one third (1/3) vesting on each of the first three anniversaries of the grant date.

Remarks:

Title: Chief Financial Officer, Treasurer and Interim Chief Accounting Officer