Drahi Patrick 4
4 · Altice USA, Inc. · Filed Dec 26, 2019
Insider Transaction Report
Form 4
Altice USA, Inc.ATUS
Drahi Patrick
Director10% Owner
Transactions
- Conversion
Class A common stock
2019-12-21+422,535→ 8,317,223 total(indirect: UpperNext S.C.S.p) - Conversion
Class C Unit
2019-12-21−422,535→ 0 total(indirect: UpperNext S.C.S.p)→ Class A common stock (422,535 underlying)
Footnotes (4)
- [F1]Class C Units represent a contingent right to receive, following vesting, shares of Class A common stock of the Issuer in the discretion of Neptune Holding US GP LLC.
- [F2]Mr. Drahi is the sole controlling shareholder of Uppernext S.C.S.p ("Uppernext"). As such, Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Uppernext.
- [F3]The Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests.
- [F4]These Class C Units vested 50% on December 21, 2017, 25% on December 21, 2018 and 25% on December 21, 2019.