VIRGIN MEDIA INC. 4
4 · VIRGIN MEDIA INC. · Filed Sep 18, 2007
Insider Transaction Report
Form 4
Corvina Holdings LTD
10% Owner
Transactions
- Award
Stock Option (Right To Buy)
2007-09-14+156,250→ 156,250 total(indirect: See Footnotes)Exercise: $29.06Exp: 2017-09-23→ Common Stock (156,250 underlying)
Footnotes (5)
- [F1]These options were granted by Virgin Media, Inc. (the "Issuer") to Gordon D. McCallum, a non-executive director of the Issuer, and are held by Mr. McCallum in trust for the benefit of Virgin Enterprises Limited. Virgin Enterprises Limited and Virgin Entertainment Investment Holdings Limited are wholly-owned subsidiaries of Corvina Holdings Limited ("Corvina").
- [F2]These options vested as to 31,250 shares of common stock of the Issuer on September 14, 2007 and will vest as to 62,500 shares of common stock of the Issuer on each of March 16, 2008 and March 16, 2009.
- [F3]This Statement on Form 4 is filed jointly by (i) Corvina, (ii) Gamay Holdings Limited ("Gamay"), (iii) Virgin Group Holdings Limited ("VGHL"), (iv) Sir Richard Branson, (v) Cougar Investments Limited ("Cougar"), (vi) Plough Investments Limited ("Plough"), (vii) Deutsche Bank Trustee Services (Guernsey) Limited ("DBTSGL"), solely in its capacity as trustee on behalf of the Virgo Trust, The Libra Trust, the Jupiter Trust, the Mars Trust, the Venus Trust, the Leo Trust and The Gemini Trust (such trusts collectively referred to as the "DB Trusts"), and (viii) Abacus (C.I.) Limited ("Abacus"), solely in its capacity as trustee on behalf of The Aquarius Trust, The Aries Trust, the Capricorn Trust, The Pisces Trust and The Saturn Trust (such trusts collectively referred to as the "Abacus Trusts").
- [F4]Corvina is held as to approximately 87% by VGHL. The remaining 13% of Corvina is owned jointly by Gamay and certain senior executives of the Virgin Group. Gamay is a wholly-owned subsidiary of VGHL. VGHL is jointly owned by Sir Richard Branson, Cougar, Plough, the DB Trusts and the Abacus Trusts. The principal beneficiaries of the DB Trusts and the Abacus Trusts are Sir Richard Branson and/or certain members of his family.
- [F5]Each reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and the inclusion of the securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.