SEC Form 4 · accession 0001127602-16-056065
CABLEVISION SYSTEMS CORP /NY · CVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Watson
Officer — Sr. VP & Treasurer
Period of report
Jun 21, 2016
Accepted (ET)
Jun 22, 2016 · 3:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053112
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Cablevision NY Group Class A Common StockF2,F3,F4 | Jun 21, 2016 | D | 62,216 | $34.90 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F5 | $13.93 | Jun 21, 2016 | D | 2,900 | D | Mar 6, 2013 | Mar 6, 2022 | Cablevision NY Group Class A Common Stock | 2,900 | 0 | D |
Explanation of responses
- F1Disposition pursuant to the terms of the Agreement and Plan of Merger, dated as of September 16, 2015 (the "Merger Agreement"), by and among Cablevision Systems Corporation, Altice N.V. and Neptune Merger Sub Corp., exempt under Rule 16b-3.
- F2Includes restricted shares.
- F3Pursuant to the terms of the Merger Agreement, at the Effective Time (as defined the Merger Agreement), each outstanding share of the Issuer's Class A Common Stock beneficially owned by the reporting persons immediately prior to the Effective Time was cancelled and converted into the right to receive $34.90 in cash (the "Per Share Merger Consideration"), without interest, less any applicable withholding taxes.
- F4Pursuant to the terms of the Merger Agreement, at the effective time (as defined the Merger Agreement), each restricted share of the Issuer held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive $34.90 in cash (the "Per Share Merger Consideration"), without interest, less any applicable withholding taxes.
- F5Pursuant to the terms of the Merger Agreement, at the Effective Time, each stock option of the Issuer held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the Per Share Merger Consideration of $34.90 over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes, exempt under Rule 16b-3.