Key facts
- This page summarizes NATIONAL AMUSEMENTS INC /MD/'s Form 4 filing for Paramount Global (PARA).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Jan 2024, 17:57.
NATIONAL AMUSEMENTS INC /MD/ - 27 Dec 2023 Form 4 Insider Report for Paramount Global (PARA)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- PARA
- Reported as of
- 27 Dec 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Jan 2024, 17:57:37 UTC
- Prior SEC filing
- 11 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Tad Jankowski, Vice President, National Amusements, Inc.
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
NATIONAL AMUSEMENTS INC /MD/ filed Form 4 for Paramount Global (PARA) on 03 Jan 2024.
Change
- Previous filing in this sequence was filed on 11 Sep 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PARA
transaction
Derivative
Warrant (obligation to sell)
Sale
- Transaction value
- Shares
- -700,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 27 Dec 2023
- Ownership
- By NAI
- Underlying class
- Class B Common Stock
- Underlying amount
- 700,000
- Exercise price
- $15.00
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On May 31, 2023, National Amusements, Inc. ("NAI") sold certain shares of Series A Senior Preferred Stock of NAI, together with one warrant to purchase from NAI up to 3.5 million shares of Class B common stock of Paramount Global, for total consideration of $125 million pursuant to a senior preferred purchase agreement (the "Purchase Agreement") by and between NAI and BDT Columbia Holdings, LLC ("BDT"), dated as of May 25, 2023. On September 7, 2023, pursuant to the Purchase Agreement, NAI sold additional shares of Series A Senior Preferred Stock of NAI and issued one additional warrant to BDT to purchase from NAI up to 700,000 shares of Class B common stock of Paramount Global, for additional consideration of $25 million. (Continued in Footnote 2)
Footnote F2
(Continued from Footnote 1) On December 27, 2023, pursuant to the Purchase Agreement, NAI sold additional shares of Series A Senior Preferred Stock of NAI and issued one additional warrant to BDT to purchase from NAI up to 700,000 shares of Class B common stock of Paramount Global, for additional consideration of $25 million.
Footnote F3
The Sumner M. Redstone National Amusements Part B General Trust (the "Continuing Trust") owns 80% of the voting stock of NAI. Subject to certain exceptions, actions by the Continuing Trust are authorized by a vote of a majority of the trustees. The shares owned directly and indirectly by NAI may also be deemed to be beneficially owned by the Continuing Trust.