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Filing Details

Accession Number:: 0001377630-21-000060
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 18:11:11
Reporting Period:: 2021-02-28

Accepted Time:: 2021-03-02 18:11:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1377630	National Cinemedia Inc.	NCMI	Services-Advertising (7310)	205665602

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1388840	E Clifford Marks	C/O National Cinemedia, Inc. 6300 S. Syracuse Way, Suite 300 Centennial CO 80111	President	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2021-02-28	4,785	$0.00	599,982	No	4	D	Direct
Common Stock	Disposition	2021-03-01	150,000	$4.60	449,982	No	4	S	Direct
Common Stock	Disposition	2021-03-01	30,882	$4.50	419,100	No	4	F	Direct
Common Stock	Disposition	2021-03-02	38,409	$0.00	380,691	No	4	D	Direct
Common Stock	Disposition	2021-03-02	23,800	$0.00	356,891	No	4	D	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	D	Direct
No	4	S	Direct
No	4	F	Direct
No	4	D	Direct
No	4	D	Direct

Footnotes

On January 24, 2018, the reporting person received a grant of 95,692 shares of restricted stock that would vest upon achievement of specified performance targets at the end of a three-year measurement period ending March 1, 2021. On February 28, 2021, the Issuer's Board of Directors modified the grant by revising specified performance targets to remove the 2020 portion of the target and actual free cash flow performance and digital revenue from the calculation. Following this modification, the Issuer determined that the performance conditions were 95.0% satisfied and, as a result, a portion of the original grant was forfeited.
This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2020.
Represents withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
On February 19, 2019, the reporting person received a grant of 93,000 shares of restricted stock that would vest upon achievement of specified performance targets at the end of a three-year measurement period ending February 28, 2022. On March 2, 2021, the Issuer's Board of Directors modified the grant to vest at 58.7% and, as a result, a portion of the original grant was forfeited. The remainder of the February 19, 2019 award will vest on the original vesting date of February 28, 2022 and remains subject to the employee's continued employment with the Issuer.
On January 22, 2020, the reporting person received a grant of 71,400 shares of restricted stock that would vest upon achievement of specified performance targets at the end of a three-year measurement periods ending February 27, 2023. On March 2, 2021, the Issuer's Board of Directors modified the grant and in connection with the modification determined that one-third of the award was related to the Issuer's performance during the 2020 fiscal year and would vest at 0.0% and, as a result, a portion of the original grant was forfeited.