AI assistant
Stagwell Inc — Director's Dealing 2019
Jun 28, 2019
31947_dirs_2019-06-28_acae4c01-2dab-4670-abeb-10d38bdea08c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: MDC PARTNERS INC (MDCA)
CIK: 0000876883
Period of Report: 2019-06-28
Reporting Person: Gardner Seth (Chief Operating Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Restricted Stock | 225000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Appreciation Rights | $5.00 | 2024-06-17 | Class A Shares (225000) | Direct |
Footnotes
F1: The Issuer granted 225,000 restricted Class A Subordinate Voting Shares to the Reporting Person pursuant to a Restricted Stock Grant Agreement dated June 28, 2019. These restricted Class A Shares will vest in three equal installments on June 17, 2020, June 17, 2021 and June 17, 2022, subject to the Reporting Person's continued employment with the Company through each of the applicable vesting dates.
F2: The Issuer granted 225,000 Stock Appreciation Rights ("SARs") to the Reporting Person on June 28, 2019, with a base price of $5.00. These SARS will vest in three equal installments on June 17, 2020, June 17, 2021 and June 17, 2022, subject to the Reporting Person's continued employment with the Company through each of the applicable vesting dates. These SARs will be settled in Class A Shares upon exercise.