VIRGIN MEDIA INC. 4
4 · VIRGIN MEDIA INC. · Filed Jun 11, 2013
Insider Transaction Report
Form 4
SIMMONS STEVEN
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2013-06-07−40,000→ 0 totalExercise: $23.24Exp: 2022-06-11→ Common Stock (40,000 underlying) - Disposition to Issuer
Common Stock
2013-06-07−110,321→ 0 total - Disposition to Issuer
Common Stock
2013-06-07−21,125→ 0 total(indirect: By Foundation)
Footnotes (3)
- [F1]Disposed of in exchange for shares of a new parent company, Liberty Global plc ("LG plc"), upon consummation of the combination of Virgin Media Inc. ("Virgin Media") and Liberty Global, Inc. under LG plc (the "Merger") pursuant to that certain agreement and plan of merger dated as of February 5, 2013, as amended, at an exchange rate of one share of common stock of Virgin Media Inc. for 0.2582 of a Class A LG plc ordinary share and 0.1928 of a Class C LG plc ordinary share and $17.50 in cash. The exercise price of such converted shares was adjusted accordingly.
- [F2]These shares were gifted to the Simmons Family Foundation, a charitable foundation whose sole authorized agents are Mr. Simmons and his wife. Neither Mr. Simmons nor his wife has any beneficial interest in any of the shares held by the foundation.
- [F3]The option vested and became fully exercisable upon the Merger and was exchanged for two options, the first exercisable for 0.4123 of a Class A LG plc ordinary share and the second exercisable for 0.3077 of a Class C LG plc ordinary share, in each case multiplied by the number of Virgin Media shares of common stock for which the Virgin Media option was exercisable. The exercise price of such converted options was adjusted accordingly.