CABLEVISION SYSTEMS CORP /NY 4
4 · CABLEVISION SYSTEMS CORP /NY · Filed Jun 22, 2016
Insider Transaction Report
Form 4
LHOTA JOSEPH
Director
Transactions
- Disposition to Issuer
Cablevision NY Group Class A Common Stock
2016-06-21$34.90/sh−12,491$435,936→ 0 total
Footnotes (4)
- [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 shares of the Issuer's Class A common stock underlying restricted stock units.
- [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 stock unit 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 equal to the number of shares subject to such restricted stock unit immediately prior to the Effective Time (as defined in the Merger Agreement) multiplied by the Per Share Merger Consideration.