0000950142-22-001657.txt : 20220516 0000950142-22-001657.hdr.sgml : 20220516 20220516163425 ACCESSION NUMBER: 0000950142-22-001657 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220512 FILED AS OF DATE: 20220516 DATE AS OF CHANGE: 20220516 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Guajardo Ernesto Vargas CENTRAL INDEX KEY: 0001573464 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35886 FILM NUMBER: 22929946 MAIL ADDRESS: STREET 1: C/O HMG, INC, C/O CINE LATINO, INC. STREET 2: 2000 PONCE DE LEON BLVD, SUITE 500 CITY: CORAL GABLES STATE: FL ZIP: 33134 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HEMISPHERE MEDIA GROUP, INC. CENTRAL INDEX KEY: 0001567345 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 800885255 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4000 PONCE DE LEON BLVD., SUITE 650 CITY: CORAL GABLES STATE: FL ZIP: 33146 BUSINESS PHONE: 305-421-6364 MAIL ADDRESS: STREET 1: 4000 PONCE DE LEON BLVD., SUITE 650 CITY: CORAL GABLES STATE: FL ZIP: 33146 4 1 es220252381_4-guajardo.xml OWNERSHIP DOCUMENT X0306 4 2022-05-12 0 0001567345 HEMISPHERE MEDIA GROUP, INC. HMTV 0001573464 Guajardo Ernesto Vargas C/O HEMISPHERE MEDIA GROUP, INC. 4000 PONCE DE LEON BLVD, SUITE 650 CORAL GABLES FL 33146 1 0 0 0 CLASS A COMMON STOCK 2022-05-12 4 A 0 14993 0 A 90457 D Represents restricted shares of Hemisphere Media Group, Inc. (the "Company") Class A common stock, par value $0.0001 per share ("Common Stock") granted to the Reporting Person in connection with his service on the Company's Board of Directors pursuant to the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. The number of restricted shares was calculated by dividing $100,000 by the closing share price of the Common Stock on May 12, 2022 (the "Date of Grant"). The restricted stock will vest on the day preceding the Company's 2023 annual meeting, subject to the Reporting Person's continued service as a director on such vesting date; provided, however, that in accordance with the terms of that certain Agreement and Plan of Merger (the "Merger Agreement") filed by the Company on its Current Report on Form 8-K filed with the SEC on May 9, 2022, the restricted stock shall vest at the Effective Time (as defined in the Merger Agreement) of the Company (Cont'd in FN2) (Cont'd from FN1) Merger (as defined in the Merger Agreement) solely on a pro-rated basis and be treated in accordance with Section 3.05(b) of the Merger Agreement in the event the Merger Agreement and the transactions contemplated thereby, including the Mergers (as defined in the Merger Agreement) are approved and adopted by the stockholders of the Company, and any remaining shares of restricted stock (after taking into account such pro-rated vesting) shall be cancelled and terminated at the Effective Time without payment therefor. For purposes of the immediately preceding sentence, proration shall be calculated by multiplying the number of shares of restricted stock at the Effective Time by a fraction (x) the numerator of which is the number of days that have elapsed during the period that begins on the Date of Grant and ends on the Closing Date (as defined in the Merger Agreement) and (y) the denominator of which is 365. If the foregoing (Cont'd in FN3) (Cont'd from FN2) formula results in vesting of a fractional share, the number of shares that vest on a pro-rated basis shall be rounded down to the nearest whole share. Such amount may be reduced at the Effective Time in accordance with note 1 above. /s/ Ernesto Vargas Guajardo 2022-05-16