Drahi Patrick 4
4 · Altice USA, Inc. · Filed Jun 12, 2020
Insider Transaction Report
Form 4
Altice USA, Inc.ATUS
Drahi Patrick
Director10% Owner
Transactions
- Award
Stock Option (right to buy)
2020-06-10+4,000,000→ 4,000,000 total(indirect: See Footnote)Exercise: $28.36Exp: 2030-01-29→ Class A common stock (4,000,000 underlying) - Award
Performance Stock Units
2020-06-10+346,240→ 346,240 total(indirect: See Footnote)→ Class A common stock (346,240 underlying) - Award
Performance Stock Units
2020-06-10+843,733→ 843,733 total(indirect: See Footnote)→ Class A common stock (843,733 underlying)
Footnotes (7)
- [F1]The grant was approved by a committee of the board of directors of the Issuer in January 2020, subject to shareholder approval of the Amended and Restated Altice USA 2017 Long Term Incentive Plan (the "Plan") under which the grant was made. The Issuer's shareholders approved the Plan on June 10, 2020.
- [F2]These Options were granted under the Plan and are scheduled to vest 50% on December 27, 2021, 25% on December 27, 2022 and 25% on December 27, 2023.
- [F3]These Options are held through a personal holding company that is wholly owned and controlled by the reporting person.
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer. The PSUs vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $50 per share.
- [F5]The PSUs will be forfeited if the applicable performance measure is not achieved prior to January 29, 2024 (January 29, 2026 in the event of a recession or market disruption event prior to achievement of the performance measure) or if the Reporting Person does not continue to provide services to the Issuer through the achievement date of the applicable performance measure.
- [F6]These PSUs are held through a personal holding company that is wholly owned and controlled by the reporting person.
- [F7]Each performance stock unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer. The PSUs vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $60 per share.