SCHOTTERS BERNARD W 4/A
4/A · ASCENT MEDIA GROUP INC · Filed Sep 30, 2003
Insider Transaction Report
Form 4/AAmended
SCHOTTERS BERNARD W
Director
Transactions
- Other
Stock Option
2003-07-01−15,000→ 0 totalExercise: $6.25From: 2002-11-08Exp: 2011-11-08→ Class A Common Stock (15,000 underlying)
Footnotes (4)
- [F1]This amendment is being filed solely to state the correct Date of Earliest Transaction in Box 3 of this Form, which was incorrectly stated in the amendment filed on July 14, 2003. Such previous amendment contained an electronic system error beyond the control of the electronic filer caused by the third party administrator that inserted an incorrect date in Box 3 of this Form.
- [F2]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.
- [F3]Twenty-five percent (20%) of the option became exercisable on November 8, 2002, the next 20% becomes exercisable on November 8, 2003, the next 20% becomes exercisable on November 8, 2004, the next 20% becomes exercisable on November 8, 2005, and the final 20% becomes exercisable on November 8, 2006.
- [F4]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.