Michelle F. Adams - 30 Aug 2022 Form 4 Insider Report for SeaWorld Entertainment, Inc. (PRKS)

Role
Title: Chief Financial Officer and Treasurer
Signature
/s/ Jeffrey Schwartz, Power of Attorney
Issuer symbol
PRKS
Transactions as of
30 Aug 2022
Net transactions value
+$1,990,170
Form type
4
Filing time
01 Sep 2022, 16:00:10 UTC
Previous filing
12 Aug 2022
Next filing
06 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEAS Common Stock Purchase $1,990,170 +39,000 +107% $51.03 75,346 30 Aug 2022 Direct F1, F2

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) Award $0 +39,000 $0.000000 39,000 30 Aug 2022 Common Stock 39,000 $51.11 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Open market purchase.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $50.91 to $51.15, 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 Represents a grant of employee stock options to the reporting person under the Company's 2017 Omnibus Incentive Plan and pursuant to the Company's compensation program which provides that upon the purchase of shares of common stock in the open market, certain employees of the Company may receive a matching grant of employee stock options based on a matching formula, which is currently a one-for-one basis.
F4 The options become exercisable on the third anniversary of the date of grant.

Remarks:

Title: Chief Financial Officer and Treasurer