4//SEC Filing
A4 S.A. 4
Accession 0001140361-20-013630
CIK 0001702780other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 9:01 PM ET
Size
13.9 KB
Accession
0001140361-20-013630
Insider Transaction Report
Form 4
Altice USA, Inc.ATUS
Drahi Patrick
Director10% Owner
Transactions
- Sale
Class A common stock
2020-06-10$25.72/sh−534,000$13,734,480→ 21,921,295 total(indirect: Altice CVC Lux S.a r.l.) - Sale
Class A common stock
2020-06-09$25.92/sh−466,000$12,078,720→ 22,455,295 total(indirect: Altice CVC Lux S.a r.l.)
Holdings
- 6,030,897(indirect: Uppernext S.C.S.p)
Class A common stock
- 41,369,305
Class A common stock
- 1,000(indirect: A4 S.A.)
Class A common stock
Next Alt S.a.r.l.
Director10% Owner
Transactions
- Sale
Class A common stock
2020-06-10$25.72/sh−534,000$13,734,480→ 21,921,295 total(indirect: Altice CVC Lux S.a r.l.) - Sale
Class A common stock
2020-06-09$25.92/sh−466,000$12,078,720→ 22,455,295 total(indirect: Altice CVC Lux S.a r.l.)
Holdings
- 1,000(indirect: A4 S.A.)
Class A common stock
- 41,369,305
Class A common stock
- 6,030,897(indirect: Uppernext S.C.S.p)
Class A common stock
A4 S.A.
Director
Transactions
- Sale
Class A common stock
2020-06-10$25.72/sh−534,000$13,734,480→ 21,921,295 total(indirect: Altice CVC Lux S.a r.l.) - Sale
Class A common stock
2020-06-09$25.92/sh−466,000$12,078,720→ 22,455,295 total(indirect: Altice CVC Lux S.a r.l.)
Holdings
- 1,000(indirect: A4 S.A.)
Class A common stock
- 41,369,305
Class A common stock
- 6,030,897(indirect: Uppernext S.C.S.p)
Class A common stock
Footnotes (5)
- [F1]Represents the weighted average sale price. The highest price at which shares were sold was $26.33 and the lowest price at which shares were sold was $25.67. The Reporting Person undertakes to provide any security holder of Altice USA, Inc. or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each specific price. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Altice CVC Lux S.a r.l. ("Altice CVC Lux") on June 3, 2020.
- [F2]Represents the weighted average sale price. The highest price at which shares were sold was $26.01 and the lowest price at which shares were sold was $25.53. The Reporting Person undertakes to provide any security holder of Altice USA, Inc. or the staff of the SEC, upon request, full information regarding the number of shares sold at each specific price. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Altice CVC Lux on June 3, 2020.
- [F3]Next Alt S.a r.l. ("Next Alt") is a personal holding company of Mr. Drahi, who is its controlling shareholder. As of the date of this report, Next Alt directly and indirectly owns 77.58% of the share capital and voting rights of Altice Europe N.V. Altice Europe N.V. maintains a one-tier board of four executive board members, one of whom is Mr. Drahi, and four non-executive board members. The executive board members are appointed by shareholders at the general meeting at the binding nomination of Next Alt. Altice CVC Lux is an indirect wholly owned subsidiary of Altice Europe N.V. Mr. Drahi, Next Alt and Altice Europe N.V. may each be deemed to beneficially own the shares of the Issuer owned by Altice CVC Lux.
- [F4]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. A4 S.A., which is controlled by the family of Mr. Drahi, is an executive board member of Altice Europe N.V. Mr. Drahi is a director of the Issuer and Next Alt and A4 S.A. are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer.
- [F5]Each Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests.
Documents
Issuer
Altice USA, Inc.
CIK 0001702780
Entity typeother
IncorporatedLuxembourg
Related Parties
1- filerCIK 0001709665
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 9:01 PM ET
- Size
- 13.9 KB