Bowker Michael E. 4
4 · Cable One, Inc. · Filed Nov 24, 2020
Insider Transaction Report
Form 4
Cable One, Inc.CABO
Bowker Michael E.
SVP, Chief Sales, Mrktng Off.
Transactions
- Exercise/Conversion
Common Stock, par value $0.01
2020-11-20$707.17/sh+500$353,585→ 2,857 total - Sale
Common Stock, par value $0.01
2020-11-20$1978.43/sh−321$635,076→ 2,357 total - Disposition to Issuer
Common Stock, par value $0.01
2020-11-20$1984.50/sh−179$355,226→ 2,678 total - Exercise/Conversion
Stock Appreciation Rights
2020-11-20−500→ 1,000 totalExercise: $707.17Exp: 2028-01-03→ Common Stock, par value $0.01 (500 underlying)
Footnotes (3)
- [F1]The exercise of stock appreciation rights (SARs) and the disposition and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 20, 2020.
- [F2]This represents the difference between the number of SARs exercised (500) and the number of shares issued as a result of the exercise (321). Each SAR represents the right, upon exercise, to receive a number of shares of Common Stock equal in value to the amount, if any, by which the fair market value of Common Stock (as determined on the date of the exercise) exceeds the exercise price.
- [F3]The Reporting Person was granted 2,000 SARs on January 3, 2018. The SARs generally vest and become exercisable as to 25% of the number of underlying shares covered by the grant on each of the first four anniversaries of the date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date.