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AMC Networks Inc. — Director's Dealing 2019
Mar 6, 2019
33121_dirs_2019-03-06_70f36f04-ce91-481a-a14f-ced636a24d7b.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: 2019-03-04
Reporting Person: DOLAN CHARLES F (Director, Executive Chairman, 10% Owner, Member of 13D Group)
Reporting Person: DOLAN HELEN A (10% Owner, Member of 13D Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-03-04 | Class A Common Stock | A | 8846 | $0.00 | Acquired | 8846 | Direct |
| 2019-03-04 | Class A Common Stock | F | 3043 | $62.38 | Disposed | 5803 | Direct |
| 2019-03-04 | Class A Common Stock | M | 1929 | $0.00 | Acquired | 7732 | Direct |
| 2019-03-04 | Class A Common Stock | F | 655 | $62.38 | Disposed | 7077 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-04 | Restricted Stock Units | $ | M | 1929 | Disposed | 2019-03-04 | Class A Common Stock (1929) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 109274 | Indirect |
Footnotes
F1: Each share of Class A Common Stock was issued on March 4, 2019 upon the vesting of performance restricted stock units ("PRSUs"). The PRSUs were initially granted on March 4, 2016 under the AMC Networks Inc. 2011 Amended and Restated Employee Stock Plan, and the number of shares of Class A Common Stock issued on March 4, 2019 was determined based on the achievement of performance criteria established at the time of grant.
F2: Securities withheld to pay withholding taxes on vested PRSUs exempt under Rule 16b-3.
F3: Each restricted stock unit ("RSU") was granted under the AMC Networks Inc. 2011 Amended and Restated Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof, at the election of the issuer.
F4: Securities held directly by Mr. Charles F. Dolan and indirectly by his spouse, Mrs. Helen A. Dolan.
F5: Helen A. Dolan disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F6: Securities withheld to pay withholding taxes on vested RSUs exempt under Rule 16b-3.
F7: Charles F. Dolan is a co-trustee and beneficiary of the Charles F. Dolan 2009 Revocable Trust.
F8: Two-thirds of the RSUs vested and were settled on March 6, 2017 and March 5, 2018. The remaining one-third of the RSUs vested were settled on March 4, 2019.