X0306 4 2014-12-19 1 0000216539 MEDIA GENERAL INC MEG 0001185334 MAHONEY GEORGE L 333 EAST FRANKLIN STREET RICHMOND VA 23219 1 1 0 0 President and CEO Voting Common Stock (no par value) 2014-12-19 4 A 0 71000 A 148830 D Voting Common Stock (no par value) 2014-12-19 4 F 0 29989 D 118841 D Voting Common Stock (no par value) 2014-12-19 4 D 0 118841 D 0 D Voting Common Stock (no par value) 2014-12-19 4 D 0 16329 D 0 I 401(k) Plan Employee Stock Option (right to buy) 63.18 2014-12-19 4 D 0 7300 D 2015-01-27 Voting Common Stock (no par value) 7300 0 D Employee Stock Option (right to buy) 49.66 2014-12-19 4 D 0 12100 D 2016-01-26 Voting Common Stock (no par value) 12100 0 D Employee Stock Option (right to buy) 20.3 2014-12-19 4 D 0 9200 D 2018-01-29 Voting Common Stock (no par value) 9200 0 D Employee Stock Option (right to buy) 8.9 2014-12-19 4 D 0 10700 D 2020-01-28 Voting Common Stock (no par value) 10700 0 D Employee Stock Option (right to buy) 5.2 2014-12-19 4 D 0 12400 D 2021-01-27 Voting Common Stock (no par value) 12400 0 D Employee Stock Option (right to buy) 4.98 2014-12-19 4 D 0 18100 D 2022-01-26 Voting Common Stock (no par value) 18100 0 D Employee Stock Option (right to buy) 4.26 2014-12-19 4 D 0 50000 D 2023-01-31 Voting Common Stock (no par value) 50000 0 D Phantom Stock 2014-12-19 4 D 0 22366 D Voting Common Stock (no par value) 22366 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. 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. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which became fully exercisable on 1/29/2011. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which became fully exercisable on 1/28/2013. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which became fully exercisable on 1/27/2014. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which become exercisable 1/3 per year on January 26, 2013, 2014, and 2015. Options were granted under the Media General, Inc. 1995 Long-Term Incentive Plan, which become exercisable 1/3 per year on January 31, 2014, 2015, and 2016. Units acquired under the Company's Supplemental 401(k) deferred compensation plan. Each unit is the economic equivalent of one share of common stock. Units are payable in cash following the termination of the reporting person's employment. Upon attaining age 55, the reporting person may transfer the units into an alternative investment account at any time. The common stock reported represents shares with respect to performance accelerated restricted stock (PARS) awards that vested on the closing of the Merger pursuant to Mr. Mahoney's employment agreement. Represents shares with respect to PARS that were used to pay applicable taxes related to the vesting of the PARS. /s/ George L. Mahoney, by Andrew C. Carington, Attorney-in-fact 2014-12-23