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Stagwell Inc — Director's Dealing 2013
Feb 19, 2013
31947_dirs_2013-02-19_eb942ae0-f7f1-4c2a-b02a-030f4ade1aa2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MDC PARTNERS INC (MDCA)
CIK: 0000876883
Period of Report: 2013-02-14
Reporting Person: Swartzman Gavin (Managing Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-02-14 | Restricted Stock Units (Class A Shares) | A | 10376 | — | Acquired | 97222 | Direct |
| 2013-02-14 | Class A Shares | F | 10619 | $12.70 | Disposed | 86603 | 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: All 10,376 Restricted Stock Units (Class A Shares) of the Issuer awarded on February 14, 2013 will vest on the third anniversary of issuance, subject to accelerated vesting in 2014 and/or 2015 if the Issuer achieves specified financial performance targets in 2013 and 2014, subject to the Reporting Person's continued employment.
F3: A total of 21,624 Restricted Stock (Class A Shares) vested on February 14, 2013. The Reporting Person elected to have a total of 10,619 Class A Shares withheld by the Issuer to satisfy tax withholding requirements.
F4: Stock Appreciation Rights ("SARs") granted February 12, 2009, all of which are vested as of January 20, 2012, 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.