Terry Jimenez - 24 May 2021 Form 4 Insider Report for Tribune Publishing Co (TPCO)

Role
Chief Executive Officer
Signature
/s/ Gregory Page, Attorney-in-fact
Issuer symbol
TPCO
Transactions as of
24 May 2021
Net transactions value
-$6,181,861
Form type
4
Filing time
24 May 2021, 19:30:15 UTC
Next filing
27 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPCO Common Stock Disposed to Issuer $4,447,861 -257,847 -100% $17.25 0 24 May 2021 Direct

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 TPCO Restricted Stock Units Disposed to Issuer $1,466,250 -85,000 -100% $17.25 0 24 May 2021 Common Stock 85,000 Direct F1, F2
transaction TPCO Option (Right to buy) Disposed to Issuer $267,750 -15,522 -100% $17.25 0 24 May 2021 Common Stock 15,522 $14.87 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The restricted stock unit was settled in cash on May 24, 2021 as a result of the merger agreement with Tribune Enterprises, LLC ("Parent") and Tribune Merger Sub, Inc. ("Merger Sub").
F3 The option was settled for cash as a result of the merger agreement with Parent and Merger Sub.