CABLEVISION SYSTEMS CORP /NY 4
4 · CABLEVISION SYSTEMS CORP /NY · Filed Jun 21, 2016
Insider Transaction Report
Form 4
Atwood Edward C.
Director
Transactions
- Disposition to Issuer
Cablevision NY Group Class A Common Stock
2016-06-21$34.90/sh−365,770$12,765,373→ 0 total(indirect: By Trust) - Disposition to Issuer
Cablevision NY Group Class A Common Stock
2016-06-21$34.90/sh−99,198$3,462,010→ 0 total
Footnotes (5)
- [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 restricted stock units and shares held jointly with spouse.
- [F3]At the Effective Time (as defined in the Merger Agreement), each outstanding share of the issuer's Class A Common Stock beneficially owned by the reporting person 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.
- [F4]Pursuant to the terms of the Merger Agreement, at the Effective Time, each restricted stock unit held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to the per share merger consideration of $34.90, exempt under Rule 16b-3.
- [F5]Shares formerly held in trust for the benefit of his spouse. Reporting person disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he was, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.