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Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2020-05-18 06:05:15
Reporting Period:
Accepted Time:
2020-05-18 06:05:15
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
876883 Mdc Partners Inc MDCA Services-Advertising Agencies (7311) 980364441
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1771735 Jeffery Mark Penn C/o The Stagwell Group Llc
1808 I Street, Nw 6Th Floor
Washington DC 20006
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Subordinate Voting Shares Acquisiton 2020-05-13 50,000 $1.10 14,385,714 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Subordinate Voting Shares 602,500 Direct
  1. The purchase price reported in Column 4 is an average price. These shares were purchased in multiple transactions at prices ranging from $1.085 and $1.11, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
  2. The Class A Subordinate Voting Shares purchased in this transaction were purchased directly by The Stagwell Group LLC ("Stagwell"). The Reporting Person is the controlling person of Stagwell. Following this transaction, Stagwell directly holds 100,000 Class A Subordinate Voting Shares of the Issuer. Stagwell is the manager of Stagwell Agency Holdings LLC, which directly holds 14,285,714 Class A Subordinate Voting Shares of the Issuer. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
  3. Includes 577,500 shares of unvested Restricted Stock (Class A Subordinate Voting Shares) of the Issuer.