RICHARD A. RECK - 24 May 2021 Form 4 Insider Report for Tribune Publishing Co

Role
Director
Signature
/s/ Gregory Page, Attorney-in-fact
Issuer symbol
N/A
Transactions as of
24 May 2021
Net transactions value
-$1,631,695
Form type
4
Filing time
24 May 2021, 19:33:46 UTC
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 $973,883 -56,457 -100% $17.25 0 24 May 2021 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 TPCO Stock Units Disposed to Issuer $657,812 -38,134 -100% $17.25 0 24 May 2021 Common Stock 38,134 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent the amount of restricted stock awards disposed of as a result of the merger agreement with Tribune Enterprises, LLC ("Parent") and Tribune Merger Sub, Inc. ("Merger Sub").
F2 Stock units convert into common stock on a one-for-one basis.
F3 Represents stock units granted in lieu of cash director fees payable to the reporting person. The stock units are to be settled in shares of the Company's common stock upon the earlier of (i) the reporting person's termination of service as a director of the Company and (ii) a change in control (as defined in the tronc, Inc. 2014 Omnibus Incentive Plan, as amended). These stock units were settled in cash on May 24, 2021 as a result of the merger agreement with Parent and Merger Sub.

Remarks:

The Reporting Person is filing this exit Form 4 to reflect that he is no longer a Section 16 reporting person, as of May 24, 2021, as a result of the merger agreement with Parent and Merger Sub. Exhibit 24 Power of Attorney filed herewith.