X0306 4 2014-12-19 1 0000216539 MEDIA GENERAL INC MEG 0001185336 MORTON MARSHALL N 333 EAST FRANKLIN STREET RICHMOND VA 23219 1 0 0 1 Vice Chairman Voting Common Stock (no par value) 2014-12-19 4 D 0 150072 D 0 D Employee Stock Option (right to buy) 32.5 2014-12-19 4 D 0 8000 D 2015-12-31 Voting Common Stock (no par value) 8000 0 D Employee Stock Option (right to buy) 63.18 2014-12-19 4 D 0 24700 D 2015-01-27 Voting Common Stock (no par value) 24700 0 D Employee Stock Option (right to buy) 49.66 2014-12-19 4 D 0 52300 D 2016-01-26 Voting Common Stock (no par value) 52300 0 D Deferred Stock Units 2014-12-19 4 A 0 10000 A Voting Common Stock (no par value) 10000 10000 D Deferred Stock Units 2014-12-19 4 D 0 10000 A Voting Common Stock (no par value) 10000 0 D On December 19, 2014, Media General, Inc. ("Media General", formerly Mercury New Holdco, Inc.), MGOC, Inc. ("MGOC", formerly Media General, Inc.) and Lin Media LLC ("Lin") consummated a business combination transaction (the "Merger") as a result of which MGOC, Inc. and Lin Media LLC each became a direct wholly owned subsidiary of Media General. Pursuant to the Merger, (i) each share of voting common stock of MGOC was converted into one share of voting common stock of Media General ("Voting Common Stock") and (ii) each share representing a limited liability company interest in Lin was converted into 1.4714 shares of Voting Common Stock. Equity-based awards granted pursuant to MGOC plans and Lin plans that were outstanding immediately prior to the Merger were converted into awards in respect of Voting Common Stock at the closing of the Merger. Options were granted under the Media General, Inc. 1987 Non-Qualified Stock Option Plan, which are set to expire on 12/31/2015. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which became fully exercisable on 1/27/2008. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which became fully exercisable on 1/26/2009. Effective immediately prior to the closing of the Merger, the reporting person received 10,000 Deferred Stock Units. One-half of such units will vest on each of December 19, 2016 and December 19, 2017, notwithstanding any earlier termination of services. Each vested unit entitles the reporting person to one share of Media General, Inc.'s Voting Common Stock.Effective immediately prior to the closing of the Merger, the reporting person received 10,000 Deferred Stock Units. One-half of such units will vest on each of December 19, 2016 and December 19, 2017, notwithstanding any earlier termination of services. Each vested unit entitles the reporting person to one share of Media General, Inc.'s Voting Common Stock.Effective immediately prior to the closing of the Merger, the reporting person received 10,000 Deferred Stock Units. One-half of such units will vest on each of December 19, 2016 and December 19, 2017, notwithstanding any earlier termination of services. Each vested unit entit /s/ Marshall N. Morton, by Andrew C. Carington, Attorney-in-fact 2014-12-23