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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Stock Units | $ 0 (3) | 08/22/2008 | M | 7,000 | (1) | (1) | Common Stock, Par Value $1.00 | 7,000 | $ 0 | 10,900 | D | ||||
Performance Stock Units | $ 0 (4) | 08/22/2008 | A | 6,500 | (4) | (4) | Common Stock, Par Value $1.00 | 6,500 | $ 0 | 17,400 (5) | D | ||||
Non-Qualified Stock Option (Right to Buy) | $ 51.75 | 08/22/2008 | A | 26,100 | (6) | 08/22/2015 | Common Stock, Par Value $1.00 | 26,100 | $ 0 | 26,100 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
THORSTEINSON TIMOTHY E BROADCAST COMMUNICATIONS DIVISION 25 DYAS ROAD NORTH YORK, A6 M3B 1V7 |
President - BCD |
By: /s/ Scott T. Mikuen, Attorney-in-Fact, For: Timothy E. Thorsteinson | 08/26/2008 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The 7,000 performance stock units granted on 10/28/05 vested on 6/27/08 and is paid in shares of common stock on 8/22/08. This grant was previously reported. |
(2) | Increase in performance stock units granted 10/28/05 based upon performance stock unit payout formula resulting in an additional payment in shares of common stock on 8/22/08. |
(3) | Each performance stock unit represented a contingent right to receive one share of the Issuer's common stock. These performance stock units were paid out in shares of common stock on 8/22/08. |
(4) | Each performance stock unit represents a contingent right to one share of the Issuer's common stock. Performance stock units are subject to future adjustment; performance period started 6/28/08. The 6,500 performance stock units will vest on 7/1/2011. Vested shares are subject to future adjustment and will be delivered to the reporting person within two and one-half months of vesting. |
(5) | The aggregate of 17,400 performance stock units listed in Column 9 of Table II includes 10,900 performance stock units previously reported and subject to adjustment. |
(6) | Of the 26,100 shares granted on this 8/22/08 stock option, 13,050 shares are exercisable on 8/22/09, 6,525 shares are exercisable on 8/22/10, and 6,525 shares are exercisable on 8/22/11. |
Remarks: Exhibit List: Exhibit 24 - Power of Attorney |