Carol Crenshaw - May 24, 2021 Form 4 Insider Report for Tribune Publishing Co (TPCO)

Role
Director
Signature
/s/ Gregory Page, Attorney-in-fact
Stock symbol
TPCO
Transactions as of
May 24, 2021
Transactions value $
-$149,954
Form type
4
Date filed
5/24/2021, 07:32 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPCO Common Stock Disposed to Issuer -$801K -46.5K -100% $17.25 0 May 24, 2021 Direct F1

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 TPCO Stock Units Disposed to Issuer $651K +37.8K $17.25 0 May 24, 2021 Common Stock 37.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent the amount of restricted stock awards disposed of for the merger agreement with as a result of the merger agreement with Tribune Enterprises, LLC ("Parent") and Tribune Merger Sub, Inc. ("Merger Sub").
F2 Stock units convert into common stock on a one-for-one basis.
F3 Represents stock units granted in lieu of cash director fees payable to the reporting person. The stock units are to be settled in shares of the Company's common stock upon the earlier of (i) the reporting person's termination of service as a director of the Company and (ii) a change in control (as defined in the tronc, Inc. 2014 Omnibus Incentive Plan, as amended). These stock units were settled in cash on May 24, 2021 as a result of the merger agreement with Parent and Merger Sub.

Remarks:

The Reporting Person is filing this exit Form 4 to reflect that she is no longer a Section 16 reporting person, as of May 25, 2021, as a result of the merger agreement with Parent and Merger Sub on May 24, 2021. Exhibit 24 Power of Attorney filed herewith.