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SEC Filings

DEF 14A
GRAHAM HOLDINGS CO filed this Form DEF 14A on 03/23/2017
Entire Document
 


The following table shows the number of shares covered by exercisable and unexercisable options and unvested restricted stock held by the Company’s named executive officers on December 31, 2016.

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END

 

     Option Awards 1   Stock Awards 2

Name

(a)

 

Number of
Securities
Underlying
Unexercised
Options:
Exercisable
(#)

(b)

  Number of
Securities
Underlying
Unexercised
Options:
Unexercisable
(#)
(c)
 

Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options (#)

(d)

 

Option
Exercise
Price
($)

(e)

 

Option
Expiration
Date

(f)

 

Number of
Shares of
Units of
Stock That
Have Not
Vested (#)

(g)2

 

Market
Value of
Shares or
Units of
Stock That
Have Not
Vested ($)

(h)3

 

Equity
Incentive
Plan
Awards:
Number of
Unearned
Shares,
Units or
Other Rights
That Have
Not Vested
(#)

(i)

 

Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Units or
Other
Rights That
Have Not
Vested ($)

(j)

Timothy J. O’Shaughnessy

  25,752   51,506     719.15   11/3/2024        
    3,790   18,952       872.01   11/12/2025                

Hal S. Jones4

  3,090       421.91   5/12/2018   GHC 1,193   616,519    
                        CABO 1,193   739,875        

Andrew S. Rosen

  77,258       325.26   2/22/2021   GHC 3,500   1,808,730    
                        CABO 3,500   2,170,630        

Wallace R. Cooney

            GHC 800   413,424    
                        CABO 800   496,144        

Nicole M. Maddrey

            GHC 1,350   697,653    
                        CABO 1,350   837,243        

Gerald Rosberg

                 

 

1. Stock Options granted under the Company’s Stock Option Plan and the 2012 ICP generally vest 25% per year over a four-year period from the date of grant. Mr. O’Shaughnessy received a special new-hire option grant and an option grant in connection with his promotion to Chief Executive Officer that vest ratably over a six-year period. The number of securities underlying options and the exercise price of each option granted prior to the Cable ONE spin-off were adjusted in connection with the Cable ONE spin-off in order to preserve the intrinsic value of the award. The following are the vesting dates of outstanding options granted to the named executive officers:

 

    Number of
Options
  Year 1
Vest Date
      Year 4
Vest Date
  Year 6
Vest Date
  Vested at
12/31/16
  Unvested

Timothy J. O’Shaughnessy

  77,258   11/3/2015   to     11/3/2020   25,752   51,506
  22,742   11/12/2016   to     11/12/2021   3,790   18,952

Hal S. Jones

  3,090   5/12/2009   to   5/12/2012     3,090  

Andrew S. Rosen

  77,258   2/22/2012   to   2/22/2015     77,258  

 

2. Stock Awards have been granted in the form of Restricted Stock under the Company’s 2012 ICP as of December 31, 2016. In connection with the Cable ONE spin-off, shares of Restricted Stock received a distribution of Cable ONE, Inc. (“CABO”) shares subject to the same vesting terms and conditions as the underlying award. All of the awards listed below vest 100% at the end of the relevant award cycle. The following are the vesting dates of the grants to the named executive officers:

 

     Stock
Ticker
   Number
of Shares
   Vest Date

Hal S. Jones

   GHC    393    3/31/2017
   CABO    393    3/31/2017
   GHC    800    1/4/2017
   CABO    800    1/4/2017

Andrew S. Rosen

   GHC    1,000    1/1/2019
   CABO    1,000    1/1/2019
   GHC    2,500    1/4/2017
   CABO    2,500    1/4/2017

Wallace R. Cooney

   GHC    400    1/1/2019
   CABO    400    1/1/2019
   GHC    400    1/4/2017
   CABO    400    1/4/2017

Nicole M. Maddrey

   GHC    500    1/1/2019
   CABO    500    1/1/2019
   GHC    500    2/20/2017
   CABO    500    2/20/2017
   GHC    350    1/4/2017
   CABO    350    1/4/2017

 

3. Calculated using the average of the high and low price of a share of the Company’s Class B Common Stock as of December 31, 2016 ($516.78). For the Cable ONE Restricted Stock, calculated using the average of the high and low price of a share of Cable ONE common stock as of December 31, 2016 ($620.18).

 

4. In connection with Mr. Jones’ retirement, 393 Company restricted shares and 393 Cable ONE restricted shares will vest on March 31, 2017, as described above in “Executive Compensation: Employment Agreements and Severance Packages.”

 

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