Edward K. Christian - Nov 6, 2021 Form 4 Insider Report for SAGA COMMUNICATIONS INC (SGA)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Stock symbol
SGA
Transactions as of
Nov 6, 2021
Transactions value $
-$327,285
Form type
4
Date filed
11/9/2021, 03:29 PM
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGA Class A Common Stock Conversion of derivative security +12.5K 12.5K Nov 6, 2021 Direct F1
transaction SGA Class A Common Stock Tax liability -$327K -12.5K -100% $26.25 0 Nov 6, 2021 Direct 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 SGA Class B Common Stock Conversion of derivative security -12.5K -1.33% 925K Nov 6, 2021 Class A Common Stock 12.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired upon conversion of Class B Common Stock on a 1-for-1 basis.
F2 The shares were forfeited for payment of tax withholding obligations related to the vesting of restricted stock.
F3 Class B Common Stock automatically converts into Class A Common Stock on a 1-for-1 basis upon its sale by the reporting person.