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AMC Networks Inc. — Director's Dealing 2020
Mar 11, 2020
33121_dirs_2020-03-11_fc357b55-1da3-4707-8943-f37ff16b5741.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: 2020-03-09
Reporting Person: Wymbs Christian B. (EVP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | A | 3596 | — | Acquired | 3596 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | F | 1187 | $26.01 | Disposed | 2409 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | M | 1377 | — | Acquired | 3786 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | F | 428 | $26.01 | Disposed | 3358 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | M | 1531 | — | Acquired | 4889 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | F | 479 | $26.01 | Disposed | 4410 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | M | 1581 | — | Acquired | 5991 | Direct |
| 2020-03-09 | AMC Networks Inc. Class A Common Stock | F | 495 | $26.01 | Disposed | 5496 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-09 | Restricted Stock Units | $ | M | 1377 | Disposed | 2020-03-09 | AMC Networks Inc. Class A Common Stock (1377) | Direct |
| 2020-03-09 | Restricted Stock Units | $ | M | 1531 | Disposed | 2021-03-09 | AMC Networks Inc. Class A Common Stock (1531) | Direct |
| 2020-03-09 | Restricted Stock Units | $ | M | 1581 | Disposed | 2022-03-09 | AMC Networks Inc. Class A Common Stock (1581) | Direct |
Footnotes
F1: Each share of Class A common stock was issued on March 9, 2020 upon the vesting of performance restricted stock units ("PRSUs"). The PRSUs were initially granted on March 9, 2017 under the AMC Networks Inc. 2016 Employee Stock Plan, and the number of shares of Class A common stock issued on March 9, 2020 was determined based on the achievement of performance criteria established at the time of grant.
F2: Represents PRSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of PRSUs described in footnote 1 above, exempt under Rule 16b-3.
F3: 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, 2019 and one-third of the RSUs vested and were settled on March 9, 2018. The remaining one-third of the "RSUs" vested and were settled on March 9, 2020.
F4: Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above, exempt under Rule 16b-3.
F5: Each restricted stock unit ("RSU") was granted on March 9, 2018 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, 2020 and and one-third of the RSUs vested and were settled on March 9, 2019. The remaining one-third of the RSUs will vest on March 9, 2021 subject to the achievement of certain performance measures.
F6: Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 5 above, exempt under Rule 16b-3.
F7: Each restricted stock unit ("RSU") was granted on March 8, 2019 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, 2020. The remaining two-thirds of the RSUs vest as follows: one-third on March 9, 2021 and one-third on March 9, 2022 subject to the achievement of certain performance measures.
F8: Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 7 above, exempt under Rule 16b-3.