UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Options (Right to Buy) | Â (1) | 06/26/2010 | Common Stock | 20,000 | $ 18.0625 | D | Â |
Stock Options (Right to Buy) | Â (2) | 10/05/2011 | Common Stock | 7,500 | $ 1.85 | D | Â |
Stock Options (Right to Buy) | Â (3) | 07/01/2012 | Common Stock | 9,000 | $ 4 | D | Â |
Stock Options (Right to Buy) | Â (4) | 07/01/2012 | Common Stock | 9,000 | $ 5 | D | Â |
Stock Options (Right to Buy) | Â (5) | 07/01/2012 | Common Stock | 3,000 | $ 6 | D | Â |
Stock Options (Right to Buy) | Â (6) | 07/01/2012 | Common Stock | 9,000 | $ 6 | D | Â |
Stock Options (Right to Buy) | Â (7) | 12/02/2008 | Common Stock | 40,000 | $ 2.9 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Aster Steve C/O PRIMEDIA INC. 745 FIFTH AVENUE NEW YORK, NY 10151 |
 |  |  Senior Vice President |  |
Steve Aster | 11/01/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Option originally granted on June 26, 2000. All options are fully vested as of the date hereof. |
(2) | Option originally granted on October 5, 2001. All options are fully vested as of the date hereof. |
(3) | Options vest on an equal pro rata basis at the end of each of the 48 calendar months commencing on July 1, 2002. As of the end hereof, 7,313 options are vested. |
(4) | Options become exercisable in 2010. |
(5) | Options become exercisable in 2010, unless 2005 acceleration targets (as set forth in an agreement between PRIMEDIA and the Reporting Person) are met in which case the options will vest at the end of 2005. |
(6) | Options become exercisable in 2010. |
(7) | The option is exercisable in three installments of one-third each beginning December 3, 2004. As of the date hereof, 13,333 shares vested and were exercised and 26,667 remain outstanding and unvested. |
 Remarks: Exhibit List  Exhibit 24 - Power of Attorney |