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Vincent McMahon and Linda McMahon’s Trust Sells Shares of World Wrestling Entertainment, Inc. (WWE)

According to a recent filing with the US Securities and Exchange Commission, Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5, 2013 (which has Vincent McMahon as a special trustee) and Linda E. McMahon unloaded around 2.19 million shares of World Wrestling Entertainment, Inc. (NYSE:WWE) held by the Trust. The class A shares were obtained via the conversion of an equal amount of class B shares and were sold in one transaction at a price of $16.5 per unit. Following the sale, the Trust (GRAT) holds 1.55 million class B shares. Vincent McMahon owns 37.08 million class B shares, which include the shares held by GRAT, while Linda McMahon directly owns 566,670 class B shares and 100 class A shares.

Vincent K. McMahon 2013 Irrev. Trust U/A dtd. December 5, 2013

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Linda E. McMahon and Vincent K. McMahon of the McMahon family are world-known for being professional wrestling and entertainment promoters and for being the majority owners of the famous professional wrestling promotion company, World Wrestling Entertainment, Inc. (NYSE:WWE). Wrestling promotion company produces and markets various original contents through different channels to a global audience, with a major focus on professional wrestling events.  Year-to-date, the company’s stock is down by -4.32%. For the first quarter 2016, the company reported adjusted earnings per share of $0.18 and revenue of $171.1 million, beating estimates of $0.11 and  $169 million, respectively. In January, two former WWE wrestlers filed a lawsuit against the company over severe brain injuries after suffering many concussions in the ring.

According to our database, at the end of March, Ricky Sandler’s Eminence Capital reported the most valuable position in World Wrestling Entertainment (NYSE:WWE), valued at $59.82 million, followed by Thomas E. Claugus’ GMT Capital, with a position worth around $8.29 million. Remaining investors that are bullish on this stock encompass Mario Cibelli’s Marathon Partners, David Forster And Peter Wilton’s IBIS Capital Partners, Cliff Asness’ AQR Capital Management, and Matthew Hulsizer’s PEAK6 Capital Management.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Linda E. McMahon 2,114,142 0 566,170 1,547,372 2,114,142 5.5%
Vincent K. McMahon 1,547,372 0 1,547,372 0 1,547,372 4.1%

Page 1 of 12 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
(Name of Issuer)
Class A Common Stock, $0.01 par value
(Title of Class of Securities)
(CUSIP Number)
Linda E. McMahon
c/o McMahon Ventures, LLC
1055 Washington Boulevard, 5th Floor
Stamford, Connecticut 06901
(203) 324-2010
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
May 16, 2016
(Date of Event Which Requires
Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

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