4//SEC Filing
VADON MARK C 4
Accession 0001225208-21-014643
CIK 0001355096other
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 5:13 PM ET
Size
15.6 KB
Accession
0001225208-21-014643
Insider Transaction Report
Form 4
Qurate Retail, Inc.QRTEA
VADON MARK C
Director
Transactions
- Award
Restricted Stock Units - QRTEA
2021-12-06+14,188→ 14,188 totalFrom: 2022-12-06Exp: 2022-12-06→ Series A Common Stock (14,188 underlying)
Holdings
- 27,198
Stock Option (right to buy) - QRTEA
Exercise: $8.84From: 2021-12-10Exp: 2027-12-10→ Series A Common Stock (27,198 underlying) - 82,297
Stock Option (right to buy) - QRTEA
Exercise: $4.21Exp: 2026-12-09→ Series A Common Stock (82,297 underlying) - 448,064
Stock Option (right to buy) - QRTEA
Exercise: $7.60Exp: 2023-05-15→ Series A Common Stock (448,064 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Series A Common Stock.
- [F2]On November 4, 2021, the Issuer announced that its board of directors declared a special cash dividend in the amount of $1.25 per common share payable on November 22, 2021, to all holders of record of the Issuer's common stock at the close of business on November 15, 2021 (the "Dividend"). This stock option award was previously reported as an option relating to 70,209 shares of the Issuer's Series A common stock at an exercise price of $4.92 per share and was adjusted as a result of the Dividend. In connection with the Dividend, all common stock options held by the reporting person were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the reporting person received an adjustment to (i) the exercise price and (ii) the number of shares relating to such option. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended ("Rule 16b-3").
- [F3]The derivative security is fully vested.
- [F4]This stock option award was previously reported as an option relating to 381,189 shares of the Issuer's Series A common stock at an exercise price of $8.89 per share and was adjusted as a result of the Dividend. In connection with the Dividend, all common stock options held by the reporting person were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the reporting person received an adjustment to (i) the exercise price and (ii) the number of shares relating to such option. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3.
- [F5]This stock option award was previously reported as an option relating to 24,726 shares of the Issuer's Series A common stock at an exercise price of $10.34 per share and was adjusted as a result of the Dividend. In connection with the Dividend, all common stock options held by the reporting person were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the reporting person received an adjustment to (i) the exercise price and (ii) the number of shares relating to such option. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3.
Documents
Issuer
Qurate Retail, Inc.
CIK 0001355096
Entity typeother
Related Parties
1- filerCIK 0001287613
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 5:13 PM ET
- Size
- 15.6 KB