AI assistant
Stagwell Inc — Director's Dealing 2011
Aug 3, 2011
31947_dirs_2011-08-03_eb4fc6bc-45eb-4f7b-bb5e-3639d1b658c1.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MDC PARTNERS INC (MDCA)
CIK: 0000876883
Period of Report: 2011-08-03
Reporting Person: Swartzman Gavin (Managing Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-08-03 | Class A Shares | P | 300 | $18.08 | Acquired | 104205 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Rights | $3.72 | 2014-02-12 | Class A Shares (182069) | 182069 | Direct |
| Extraordinary Equity Value Appre. Restricted Stock Awards | $ | 2013-12-31 | Restricted Stock Units (45000) | 45000 | Direct |
Footnotes
F1: Includes unvested Restricted Stock Units (Class A Shares) of the Issuer.
F2: Represents open market purchases.
F3: The price reported in column 4 has been converted from Canadian dollars. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from CAD$17.40 to CAD$17.44, inclusive. The reporting person undertakes to provide to MDC Partners Inc., any security holder of MDC Partners Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.
F4: Stock Appreciation Rights ("SARs") granted February 12, 2009, vested 33% on the first anniversary of the grant date, 33% vest on the second anniversary of the grant date, and 34% vest on the third anniversary of the grant date, and all expire on February 12, 2014. These SARs may be settled in cash or stock, at the discretion of the Issuer.
F5: Extraordinary Equity Value Appreciation Restricted Stock Awards ("EVARs") under the Issuer's EVARs program (previously disclosed by the Issuer on Form 8-K dated January 26, 2011) represent the right to receive Restricted Stock Units on a one-to-one basis upon the Issuer's achievement of stock price targets equal to $20.00 (15,000 EVARs), $22.75 (15,000 EVARs) and $26.25 (15,000 EVARs), as described in greater detail in the EVAR Letter Agreement.