EDWARD K. CHRISTIAN - 06 Nov 2021 Form 4 Insider Report for SAGA COMMUNICATIONS INC (SGA)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Bradley J. Wyatt, Attorney-in-Fact
Issuer symbol
SGA
Transactions as of
06 Nov 2021
Net transactions value
-$327,285
Form type
4
Filing time
09 Nov 2021, 15:29:14 UTC
Next filing
14 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGA Class A Common Stock Conversion of derivative security +12,468 12,468 06 Nov 2021 Direct F1
transaction SGA Class A Common Stock Tax liability $327,285 -12,468 -100% $26.25 0 06 Nov 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGA Class B Common Stock Conversion of derivative security -12,468 -1.3% 925,173 06 Nov 2021 Class A Common Stock 12,468 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired upon conversion of Class B Common Stock on a 1-for-1 basis.
F2 The shares were forfeited for payment of tax withholding obligations related to the vesting of restricted stock.
F3 Class B Common Stock automatically converts into Class A Common Stock on a 1-for-1 basis upon its sale by the reporting person.