Filing Details

Accession Number:
0001062993-22-017486
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-08-08 16:21:31
Reporting Period:
2022-08-08
Accepted Time:
2022-08-08 16:21:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1579684 Gannett Co. Inc. GCI () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1376487 Michael Reed C/O Gannett Co., Inc.
7950 Jones Branch Drive
Mclean VA 22107
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-08-08 500,000 $2.44 1,836,335 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 2023-12-31 2,000,000 2,000,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2023-12-31 2,000,000 2,000,000 Direct
Footnotes
  1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.33 to $2.50, inclusive. Mr. Reed undertakes to provide Gannett Co., Inc., any security holder of Gannett Co., Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  2. Each restricted stock unit represents a contingent right to receive one share of the underlying common stock.
  3. Subject to the terms of the applicable award agreement, up to 1,000,000 shares of common stock underlying the performance-based restricted stock units will vest on December 31, 2022, and the remainder up to an aggregate of 2,000,000 shares will vest on December 31, 2023, upon the achievement of specified stock price goals (ranging from $4.00 per share to $10.00 per share, based on a 20 consecutive trading day average).