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Graham Holdings Co Director's Dealing 2017

Jul 26, 2017

31002_dirs_2017-07-26_3a7d0547-bcd5-4d3d-943c-4039db6683d1.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Graham Holdings Co (GHC)
CIK: 0000104889
Period of Report: 2017-07-24

Reporting Person: GRAHAM DONALD (N/A)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2017-07-24 Class A Common Stock $ S 30564 Disposed Class B Common Stock () Direct
2017-07-24 Class A Common Stock $ P 30564 Acquired Class B Common Stock () Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Class B Common Stock 3087 Indirect
Class B Common Stock 46638 Indirect
Class B Common Stock 7600 Indirect
Class B Common Stock 1044 Indirect
Class B Common Stock 5000 Indirect
Class B Common Stock 60 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Class A Common Stock $ Class B Common Stock () 59241 Indirect
Class A Common Stock $ Class B Common Stock () 208565 Indirect
Class A Common Stock $ Class B Common Stock () 388225 Indirect
Class A Common Stock $ Class B Common Stock () 1800 Indirect

Footnotes

F1: The reporting person is a trustee of the trust that owns the reported securities, but he is not a beneficiary of such trust. The reporting person disclaims beneficial ownership of the reported securities.

F2: The reporting person disclaims beneficial ownership of the reported securities.

F3: Shares of Class A Common Stock are convertible into shares of Class B Common Stock at any time on a one-for-one basis and have no expiration date.

F4: This transaction is a private sale and purchase between the reporting person and the Trusts for Children, in which the reporting person is selling shares of Class A Common Stock to the Trusts for Children for the equivalent value of Cable One, Inc. Common Stock, with fractional shares of Class A Common Stock being settled in cash. The reporting person has indirect beneficial ownership of the Trusts for Children, and as such this is a change in form of beneficial ownership. The value of Class A Common Stock for the purpose of this transaction is based on the mean of the high and the low price of Class B Common Stock on July 24, 2017 and the value of Cable One, Inc. Common Stock is based on the mean of the high and the low price of Cable One, Inc. Common Stock on July 24, 2017.