ASCENT MEDIA GROUP INC 4
4 · ASCENT MEDIA GROUP INC · Filed Jul 7, 2003
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (3)
- [F1]A wholly-owned subsidiary of Liberty Media Corporation ("Liberty Media") merged with and into the Issuer on July 1, 2003 (the "Merger"). At the effective time of the Merger, each stock option of the Issuer held by the Reporting Person immediately prior to the effective time of the Merger was assumed by Liberty Media and converted into an option exercisable for 0.1147 of a share of Liberty Media's Series A Common Stock for each share of Class A Common Stock of the Issuer for which such stock option was exercisable.
- [F2]Twenty percent (20%) of the option became exercisable on November 28, 2001, the next 20% became exercisable on November 28, 2002, the next 20% becomes exercisable on November 28, 2003, the next 20% becomes exercisable on November 28, 2004, and the final 20% becomes exercisable on November 28, 2005.
- [F3]The stock options were issued to the Reporting Person as part of his nonemployee directors' compensation package and no cash was paid for the stock options.