Sarnoff Ann 4
4 · HSN, Inc. · Filed Jan 3, 2018
Insider Transaction Report
Form 4
HSN, Inc.HSNI
Sarnoff Ann
Director
Transactions
- Disposition to Issuer
Deferred Stock Units
2017-12-29−14,546.91→ 0 total→ Common Stock, par value $0.01 per share (14,546.91 underlying)
Footnotes (2)
- [F1]Each Deferred Stock Unit ("DSU") is the economic equivalent of one share of HSN, Inc. common stock. Per the terms of the Agreement and Plan of Merger, dated as of July 5, 2017, by and among HSN, Inc., a Delaware corporation, Liberty Interactive Corporation, a Delaware corporation, and Liberty Horizon, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Liberty Interactive (the "Merger Agreement"), each DSU was converted into 1.65 shares of Liberty Interactive Series A QVC Group common stock.
- [F2]Upon the occurrence of the later of (i) the effective time of the Merger Agreement and (ii) the individual's separation from service, each unvested DSU became fully vested.