GENERAL COMMUNICATION INC 4
4 · GENERAL COMMUNICATION INC · Filed Jun 8, 2005
Insider Transaction Report
Form 4
REINSTADTLER STEPHEN A
Director
Transactions
- Sale
Series B Convertible Preferred Stock
2005-05-25$8.50/sh−777,296$6,607,016→ 0 total(indirect: by Corporation)Exercise: $5.55→ Class A Common Stock (777,296 underlying)
Holdings
- 3,330
Class A Common Stock
- 66(indirect: by Corporation)
Class A Common Stock
- 25,000(indirect: by Corporation)
Non-Qualified Stock Option (right to buy)
Exercise: $7.50From: 2001-06-28Exp: 2010-06-28→ Class A Common Stock (25,000 underlying)
Footnotes (2)
- [F1]All shares of Class A Common Stock ("Common Stock") and Series B Convertible Redeemable Accreting Preferred Stock ("Preferred Stock"), and all stock options are directly owned by Toronto Dominion Investments, Inc. ("TD"). The Reporting Person, previously a Managing Director of TD and President and Director of Toronto Dominion Capital (U.S.A.), Inc. ("TDCI"), an affiliate of TD, is engaged by TD pursuant to a Management Agreement and may be deemed to indirectly beneficially own all of such shares of Common Stock and Preferred Stock and such stock options directly beneficially owned by TD. The Reporting Person disclaims beneficial ownership of such shares of Common Stock and Preferred Stock, and such stock options directly beneficially owned by TD, except for any pecuniary interest he possesses by virtue of his Management Agreement with TD.
- [F2]General Communication, Inc. repurchased 4,314 shares of its Series B Preferred stock for a total purchase price of $6,607,027. The 4,314 preferred shares were convertible into 777,297 shares of its Class A Common shares (rounded to 777,296 per page 2 of this Form 4) and the transaction price represents an equivalent Class A Common share purchase price of $8.50 per share. See Note (1) above regarding indirect beneficial ownership.