CABLEVISION SYSTEMS CORP /NY 4
4 · CABLEVISION SYSTEMS CORP /NY · Filed Jun 22, 2016
Insider Transaction Report
Form 4
Watson Kevin
Sr. VP & Treasurer
Transactions
- Disposition to Issuer
Cablevision NY Group Class A Common Stock
2016-06-21$34.90/sh−62,216$2,171,338→ 0 total - Disposition to Issuer
Options (Right to Buy)
2016-06-21$34.90/sh−2,900$101,210→ 0 totalExercise: $13.93From: 2013-03-06Exp: 2022-03-06→ Cablevision NY Group Class A Common Stock (2,900 underlying)
Footnotes (5)
- [F1]Disposition pursuant to the terms of the Agreement and Plan of Merger, dated as of September 16, 2015 (the "Merger Agreement"), by and among Cablevision Systems Corporation, Altice N.V. and Neptune Merger Sub Corp., exempt under Rule 16b-3.
- [F2]Includes restricted shares.
- [F3]Pursuant to the terms of the Merger Agreement, at the Effective Time (as defined the Merger Agreement), each outstanding share of the Issuer's Class A Common Stock beneficially owned by the reporting persons immediately prior to the Effective Time was cancelled and converted into the right to receive $34.90 in cash (the "Per Share Merger Consideration"), without interest, less any applicable withholding taxes.
- [F4]Pursuant to the terms of the Merger Agreement, at the effective time (as defined the Merger Agreement), each restricted share of the Issuer held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive $34.90 in cash (the "Per Share Merger Consideration"), without interest, less any applicable withholding taxes.
- [F5]Pursuant to the terms of the Merger Agreement, at the Effective Time, each stock option of the Issuer held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the Per Share Merger Consideration of $34.90 over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes, exempt under Rule 16b-3.