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Stagwell Inc — Director's Dealing 2019
Nov 6, 2019
31947_dirs_2019-11-06_82c68e68-1379-4277-b341-18b71990b081.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: 2019-11-04
Reporting Person: Penn Mark Jeffery (Director, Chief Executive Officer, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-04 | Class A Shares | A | 577500 | — | Acquired | 577500 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Rights | $2.19 | 2024-03-18 | Class A Shares (1500000) | 1500000 | Direct |
Footnotes
F1: 577,500 shares of Restricted Stock (Class A Shares) of the Issuer were awarded on November 4, 2019. Shares will vest on December 31, 2022 subject to achievement of financial performance targets and continued employment.
F2: SARs granted April 5, 2019 to the reporting person vest and are exercisable in three equal installments (each consisting of 500,000 underlying Class A Shares) on each of the first three (3) anniversaries of March 18, 2019, and expire on March 18, 2024. These SAR's shall be settled in the form of Class A Shares, subject to certain regulatory exceptions upon which the SARs may be settled in cash.