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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Forward Contract (obligation to sell) | (1) (2) | 06/15/2019(1)(2) | J/K(1)(2) | 1,699,909 | (1)(2) | (1)(2) | Class A common stock | 1,699,909 | (1) (2) | 0 | I | Altice Europe N.V. (3) (4) (5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Next Alt S.a.r.l. 5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG, N4 L-2453 |
X | X | ||
Drahi Patrick 5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG, N4 L-2453 |
X | X | ||
A4 S.A. 5, RUE EUGENE RUPPERT GRAND DUCHY OF LUXEMBOURG, N4 L-2453 |
X |
/s/ Michael Olsen, Attorney-in-Fact for Next Alt. S.a r.l | 06/18/2019 | |
**Signature of Reporting Person | Date | |
/s/ Michael Olsen, Attorney-in-Fact for Patrick Drahi | 06/18/2019 | |
**Signature of Reporting Person | Date | |
/s/ Michael Olsen, Attorney-in-Fact for A4 S.A. | 06/18/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Altice Europe N.V. is physically settling a share forward contract with a final reference date of June 15, 2019 (the "Forward Contract") entered into with a financial institution counterparty. Pursuant to the Forward Contract, in exchange for payment from the counterparty upon settlement, Altice Europe N.V. is delivering to the counterparty 1,699,909 shares of Class A common stock of the Issuer, along with a certain number of Altice Europe N.V. shares that were also subject to the Forward Contract. |
(2) | In anticipation of settlement of the Forward Contract, on June 13, 2019, 1,699,909 shares of Class A common stock of the Issuer were transferred to Altice Europe N.V. from its wholly-owned subsidiary CVC 3 B.V. ("CVC 3"). In connection with the settlement of the Forward Contract, shares of Class A common stock of the Issuer will be sold by the financial institution counterparty over the 10-day period beginning immediately following June 17, 2019. |
(3) | Next Alt S.a r.l. ("Next Alt") is a personal holding company of Mr. Drahi, who is its controlling shareholder. As of the date of this report, Next Alt is the holder of 67.53% of the share capital and voting rights of Altice Europe N.V. Altice Europe N.V. maintains a one-tier board of four executive board members, one of whom is Mr. Drahi, and four non-executive board members. The executive board members are appointed by shareholders at the general meeting at the binding nomination of Next Alt. Mr. Drahi and Next Alt may each be deemed to beneficially own the shares of the Issuer owned by Altice Europe N.V. and CVC 3. |
(4) | Mr. Drahi is the sole controlling shareholder of Uppernext S.C.S.p ("Uppernext"). As such, Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Uppernext. A4 S.A., which is controlled by the family of Mr. Drahi, is an executive board member of Altice Europe N.V. Mr. Drahi is a director of the Issuer and Next Alt and A4 S.A. are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer. |
(5) | Each Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests. |