Page 7 of 12 – SEC Filing (ii) The GRAT
(b) The business address of the principal offices of each of the Reporting Persons is:
c/o McMahon Ventures, LLC 1055 Washington Boulevard, 5th Floor Stamford, Connecticut 06901 (c) The present principal occupations of the Reporting Persons are:
(i) Ms. McMahon: Self-employed executive.
(ii) The GRAT: Not Applicable.
(d) During the past five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship: (i) Ms. McMahon is a citizen of the United States of America.
(ii) The GRAT is an entity organized under the laws of the State of Connecticut.
Item 3. Source and Amount of Funds or Other Consideration. Each of the GRAT and Ms. McMahon acquired the shares of Class B Common Stock as the result of a gift of such shares by Mr. McMahon. No monetary consideration was paid for such shares. Item 4. Purpose of Transaction. On August 17, 2016, the GRAT converted 1,547,372 shares of Class B Common Stock into an equal number of shares of the Company’s Class A Common Stock. On the same day, the GRAT sold all 1,547,372 of those shares of Class A Common Stock in a block sale for $19.32 per share (the “Sale”). As a result of the Sale, the GRAT owns no shares of the Company’s Common Stock. The Sale reduced the ownership of Class B Common Stock by each of the
| (ii) | The GRAT |
| (b) | The business address of the principal offices of each of the Reporting Persons is: |
c/o McMahon Ventures, LLC
1055 Washington Boulevard, 5th Floor
Stamford, Connecticut 06901
| (c) | The present principal occupations of the Reporting Persons are: |
| (i) | Ms. McMahon: Self-employed executive. |
| (ii) | The GRAT: Not Applicable. |
(d) During the past five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Citizenship:
| (i) | Ms. McMahon is a citizen of the United States of America. |
| (ii) | The GRAT is an entity organized under the laws of the State of Connecticut. |
Item 3. Source and Amount of Funds or Other Consideration.
Each of the GRAT and Ms. McMahon acquired the shares of Class B Common Stock as the result of a gift of such shares by Mr. McMahon. No monetary consideration was paid for such shares.
Item 4. Purpose of Transaction.
On August 17, 2016, the GRAT converted 1,547,372 shares of Class B Common Stock into an equal number of shares of the Company’s Class A Common Stock. On the same day, the GRAT sold all 1,547,372 of those shares of Class A Common Stock in a block sale for $19.32 per share (the “Sale”). As a result of the Sale, the GRAT owns no shares of the Company’s Common Stock. The Sale reduced the ownership of Class B Common Stock by each of the
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