Sec Form 4/A Filing - WALL BARBARA W. @ Gannett Co., Inc. - 2019-11-19

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FORM 4/A
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
WALL BARBARA W.
2. Issuer Name and Ticker or Trading Symbol
Gannett Co., Inc. [ GCI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/19/2019
(Street)
MCLEAN, VA22107
4. If Amendment, Date Original Filed (MM/DD/YY)
11/21/2019
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
Common Stock 11/19/2019 A 24,894 A 24,894 D
Common Stock 11/19/2019 A 1,895 A 1,895 I By 401(k) Plan
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
Restricted Stock Units ( 2 ) 11/19/2019 A 5,099 ( 2 ) ( 2 ) Common Stock 5,099 $ 0 5,099 D
Restricted Stock Units ( 3 ) 11/19/2019 A 20,948 ( 3 ) ( 3 ) Common Stock 20,948 $ 0 20,948 D
Restricted Stock Units ( 4 ) 11/19/2019 A 24,388 ( 4 ) ( 4 ) Common Stock 24,388 $ 0 24,388 D
Restricted Stock Units ( 5 ) 11/19/2019 A 55,534 ( 5 ) ( 5 ) Common Stock 55,534 $ 0 55,534 D
Restricted Stock Units ( 6 ) 11/19/2019 A 110,603 ( 6 ) ( 6 ) Common Stock 110,603 $ 0 110,603 D
Restricted Stock Units ( 7 ) 11/19/2019 A 37,401 ( 7 ) ( 7 ) Common Stock 37,401 $ 0 37,401 D
Restricted Stock Units ( 8 ) 11/19/2019 A 41,651 ( 8 ) ( 8 ) Common Stock 41,651 $ 0 41,651 D
Phantom Stock ( 9 ) 11/19/2019 A 1,055 ( 9 ) ( 9 ) Common Stock 1,055 $ 0 1,055 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WALL BARBARA W.
C/O GANNETT CO., INC.
7950 JONES BRANCH DRIVE
MCLEAN, VA22107
X
Signatures
/s/ Barbara W. Wall by Polly Sack, Attorney-in-Fact 03/03/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the Agreement and Plan of Merger, dated as of August 5, 2019 (the "Merger Agreement"), among New Media Investment Group Inc. (now known as Gannett Co., Inc.) (the "Company"), Gannett Co., Inc. (now known as Gannett Media Corp.) ("Old Gannett"), Arctic Holdings LLC (now known as Gannett Holdings LLC) and Arctic Acquisition Corp. ("Merger Sub"), Merger Sub was merged with and into Old Gannett on November 19, 2019 (the "Merger"), and each share of Old Gannett common stock was converted into the right to receive $6.25 in cash, without interest, and 0.5427 of a share of Company common stock having a market value of $6.28 per share on the effective date of the Merger, plus cash in lieu of any fractional shares.
( 2 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett time-based restricted stock units for 3,560 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the restricted stock units are scheduled to vest on December 31, 2019.
( 3 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett time-based restricted stock units for 14,624 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the restricted stock units are scheduled to vest in two equal installments on December 31, 2019 and 2020.
( 4 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett time-based restricted stock units for 17,026 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the restricted stock units are scheduled to vest in two equal installments on January 1, 2020 and 2021.
( 5 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett time-based restricted stock units for 38,770 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the restricted stock units are scheduled to vest in three equal installments on January 1, 2020, 2021 and 2022.
( 6 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett performance-based restricted stock units for 77,215 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the restricted stock units are scheduled to vest on December 31, 2019.
( 7 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett performance-based restricted stock units for 26,111 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the re stricted stock units are scheduled to vest on January 1, 2020.
( 8 )Assumed by the Company in connection with the Merger. Formerly represented unvested Old Gannett performance-based restricted stock units for 29,078 shares of Old Gannett common stock. Each restricted stock unit represents a contingent right to receive one share of Company common stock. By their terms, the restricted stock units are scheduled to vest on January 1, 2021.
( 9 )Pursuant to Old Gannett's 2015 Deferred Compensation Plan, in connection with the Merger, each Old Gannett phantom share representing the economic value of one share of Old Gannett common stock was converted into the right to receive $6.25 cash, which was reinvested in other funds pursuant to Old Gannett's 2015 Deferred Compensation Plan, and 0.5427 of a Company phantom share representing the economic value of the same number of shares of Company common stock.

Remarks:
This Form 4/A amends and restates the original Form 4 filed on November 21, 2019 (the "Original Form 4"). The Original Form 4 inadvertently reported that Old Gannett phantom shares representing the economic equivalent of the same number of shares of Old Gannett common stock were converted into the right to receive $6.25 in cash, without interest, and 0.5427 of a share of Company common stock. Additionally, this Form 4/A reflects the number of shares of Company common stock indirectly held in a Company-sponsored 401(k) savings plan by the reporting person based on the closing stock price of $6.70 on November 20, 2019, which is the nearest available closing stock price following the Merger. This Form 4/A is also deemed to adjust, accordingly, the reported balance on the Form 4 filed by the reporting person on January 3, 2020.After the Merger was completed, but before this Form 4 was filed, (1) the issuer changed its name to Gannett Co., Inc. and assumed the ticker symbol "GCI" for its shares of common stock, and (2) Old Gannett changed its name to Gannett Media Corp.

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