Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2011-04-04 12:22:50
Reporting Period:
Filing Date:
Accepted Time:
2011-04-04 12:22:50
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
1355445 Gavin Swartzman C/o Mdc Partners Inc.
45 Hazelton Avenue
Toronto Ontario A6 M5R 2E3
Managing Director No 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
Class A Shares Disposition 2011-03-30 17,500 $16.36 103,905 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Shares Stock Appreciation Rights $3.72 2010-02-12 2014-02-12 182,069 182,069 Direct
Restricted Stock Units Extraordinary Equity Value Appre. Restricted Stock Awards $0.00 2013-12-31 45,000 45,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2014-02-12 182,069 182,069 Direct
2013-12-31 45,000 45,000 Direct
  1. Includes unvested Restricted Stock Units (Class A Shares) of the Issuer.
  2. In connection with the referenced sale, the Reporting Person has reconfirmed his commitment to continue to comply with the Company's Stock Ownership Guidelines. The sale by the Reporting Person represents less than 15% of such individual's holdings, and was made for portfolio diversification purposes.
  3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.30 to $16.52, inclusive. The reporting person undertakes to provide to MDC Partners Inc., any security holder of MDC Partners Inc., 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 footnote (3) to this Form 4.
  4. Stock Appreciation Rights ("SARs") granted February 12, 2009, vested 33% on the first anniversary of the grant date, 33% vest on the second anniversary of the grant date, and 34% vest on the third anniversary of the grant date, and all expire on February 12, 2014. These SARs may be settled in cash or stock, at the discretion of the Issuer.
  5. Extraordinary Equity Value Appreciation Restricted Stock Awards ("EVARs") under the Issuer's EVARs program (previously disclosed by the Issuer on Form 8-K dated January 26, 2011) represent the right to receive Restricted Stock Units on a one-to-one basis upon the Issuer's achievement of stock price targets equal to $20.00 (15,000 EVARs), $22.75 (15,000 EVARs) and $26.25 (15,000 EVARs), as described in greater detail in the EVAR Letter Agreement.