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NEWHOUSE FAMILY HOLDINGS, L.P. 4

Accession 0000899243-18-021554

CIK 0001091667other
View on SEC.govCompany Profile

Filed

Aug 6, 8:00 PM ET

Accepted

Aug 7, 4:19 PM ET

Size

31.2 KB

Accession

0000899243-18-021554

Insider Transaction Report

Form 4
Period: 2018-08-06
CHARTER COMMUNICATIONS, INC. /MO/CHTR
ADVANCE/NEWHOUSE PARTNERSHIP
Director10% Owner
Transactions
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
ADVANCE LONG-TERM MANAGEMENT TRUST
Director10% Owner
Transactions
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
NEWHOUSE BROADCASTING CORP
Director10% Owner
Transactions
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
ADVANCE PUBLICATIONS INC
Director10% Owner
Transactions
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
NEWHOUSE FAMILY HOLDINGS, L.P.
Director10% Owner
Transactions
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • PurchaseSwap

    Put option (right to sell)

    2018-08-06+1,500,000→ 1,500,000 total
    Exercise: $247.49→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $371.52→ Common Stock (1,500,000 underlying)
  • SaleSwap

    Call option (obligation to sell)

    2018-08-06−1,500,000→ 1,500,000 total
    Exercise: $408.21→ Common Stock (1,500,000 underlying)
Footnotes (5)
  • [F1]On August 6, 2018, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 6,000,000 Class B Common Units of Charter Communications Holdings, LLC ("Units") to provide financial flexibility to support its ongoing estate planning and its investment program and for other general corporate purposes. A/N entered into Share Collar Transactions (the "Transactions") with unaffiliated banks, pursuant to which A/N wrote European call options and purchased European put options over an aggregate of 6,000,000 shares of Class A common stock (the "Common Stock") of Charter Communications, Inc. (the "Issuer"). The Transactions will be settled in cash unless A/N elects physical settlement, in which case it expects to exchange Units for Class A Common Stock sufficient to satisfy its obligations under the Transactions.
  • [F2]The Transaction expires evenly over a series of expiration dates from August 16, 2021 to August 31, 2021, inclusive.
  • [F3]The Transaction expires evenly over a series of expiration dates from August 15, 2023 to August 30, 2023, inclusive.
  • [F4]On the relevant expiration date, the call option will automatically be exercised (and the put option will expire unexercised) if the volume weighted average price of the Common Stock on the relevant expiration date (the "Reference Price") is greater than or equal to the call option strike price; the put option will automatically be exercised (and the call option will expire unexercised) if the Reference Price is less than or equal to the put option strike price; and the call option and the put option will each expire unexercised if the Reference Price is greater than the put option strike price but less than the call option strike price.
  • [F5]The Transaction is a "zero-cost collar", in which no premium was exchanged for either the call option or the put option.

Documents

1 file

Issuer

CHARTER COMMUNICATIONS, INC. /MO/

CIK 0001091667

→
Entity typeother

Related Parties

1
  • filerCIK 0001455383

Filing Metadata

Form type
4
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 4:19 PM ET
Size
31.2 KB
View on SEC.gov