Sec Form 4 Filing - Howell John A IV @ LIN Media LLC - 2014-09-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Howell John A IV
2. Issuer Name and Ticker or Trading Symbol
LIN Media LLC [ LIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Vice President Television
(Last) (First) (Middle)
C/O LIN MEDIA LLC, 701 BRAZOS STREET, SUITE 800
3. Date of Earliest Transaction (MM/DD/YY)
09/02/2014
(Street)
AUSTIN, TX78701
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Shares 09/02/2014 09/02/2014 M 18,400 A $ 4.185 64,397 ( 1 ) D
Class A Common Shares 09/02/2014 09/02/2014 S 18,400 D $ 23.2896 ( 2 ) 45,997 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options for Class A Common Shares $ 4.185 09/02/2014 09/02/2014 M 18,400 12/16/2010 12/16/2019 Class A Common Shares 18,400 $ 0 65,000 ( 3 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Howell John A IV
C/O LIN MEDIA LLC
701 BRAZOS STREET, SUITE 800
AUSTIN, TX78701
Vice President Television
Signatures
/s/ Nicholas Mohamed Attorney-in-fact for John A. Howell IV 09/03/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This number includes 29,875 restricted shares awarded pursuant to the amended and restated 2002 Stock Plan. These shares remain subject to forfeiture and are nontransferable until vested. The shares vest over three (3) or four (4) years from the date of grant.
( 2 )The sale price represents the weighted average sales price of individual sales totaling 18,400 shares in the aggregate. The transactions occurred at prices in the range of $23.25 per share to $23.36 per share. Upon request from the Securities and Exchange Commission or a securityholder of the issuer, full information regarding the number of shares sold at each separate price will be made available.
( 3 )Options for Class A Common Shares of which 27,500 are vested and 37,500 remain subject to forfeiture until vested.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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