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AMC Networks Inc. — Director's Dealing 2018
Mar 12, 2018
33121_dirs_2018-03-12_79306a1d-e60b-45f2-b2c8-cdebfa5b0de1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMC Networks Inc. (AMCX)
CIK: 0001514991
Period of Report: 2018-03-09
Reporting Person: Gallagher James (EVP and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-09 | AMC Networks Inc. Class A Common Stock | M | 4301 | — | Acquired | 22946 | Direct |
| 2018-03-09 | AMC Networks Inc. Class A Common Stock | F | 1643 | $52.86 | Disposed | 21303 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-09 | Restricted Stock Units | $ | A | 14355 | Acquired | 2021-03-09 | AMC Networks Inc. Class A Common Stock (14355) | Direct |
| 2018-03-09 | Restricted Stock Units | $ | M | 4301 | Disposed | 2020-03-09 | AMC Networks Inc. Class A Common Stock (4301) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") was granted on March 9, 2017 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2018. The remaining two-thirds of the RSUs vest as follows: one-third on March 9, 2019 and one-third on March 9, 2020 subject to the achievement of certain performance measures.
F2: Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above.
F3: Each restricted stock unit is granted under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof.
F4: The RSUs are scheduled to vest in three equal installments on March 9, 2019, March 9, 2020 and March 9, 2021, subject to the achievement of certain performance measures.