SEC Form 4 · accession 0001209191-15-051035
CABLEVISION SYSTEMS CORP /NY · CVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
James Lawrence Dolan
Officer — CEO · Director · Other
Kristin A Dolan
Officer — COO · Director · Other
Period of report
Jun 4, 2015
Accepted (ET)
Jun 8, 2015 · 4:34 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 StockF1,F2 | Jun 4, 2015 | M | 120,000 | $9.44 | A | 1,105,611 | D | |
| Cablevision NY Group Class A Common StockF1,F2 | Jun 4, 2015 | M | 60,000 | $9.44 | A | 1,165,611 | D | |
| Cablevision NY Group Class A Common StockF3,F1,F2 | Jun 4, 2015 | S | 180,000 | $23.82 | D | 985,611 | D | |
| Cablevision NY Group Class A Common StockF4 | holding | — | — | — | 240,663 | I | By spouse | |
| Cablevision NY Group Class A Common StockF5,F6 | holding | — | — | — | 7,700 | I | By minor children | |
| Cablevision NY Group Class A Common StockF6,F7 | holding | — | — | — | 13,800 | I | By members of the household | |
| Cablevision NY Group Class A Common StockF4 | holding | — | — | — | 1,874 | I | By spouse's 401(k) |
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)F9,F8,F10 | $9.44 | Jun 4, 2015 | M | 120,000 | D | Nov 8, 2006 | Nov 8, 2015 | Cablevision NY Group Class A Common Stock | 120,000 | 0 | D |
| Options (Right to Buy)F9,F8 | $9.44 | Jun 4, 2015 | M | 60,000 | D | Nov 8, 2008 | Nov 8, 2015 | Cablevision NY Group Class A Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1Includes shares held jointly with Kristin A. Dolan.
- F10Grant vested in increments over three years on November 8, 2006, November 8, 2007 and November 8, 2008.
- F2Shares held directly by James L. Dolan, Ms. Dolan's spouse, and indirectly held by Kristin A. Dolan or held jointly with Kristin A. Dolan. Kristin A. Dolan disclaims beneficial ownership of these securities (other than shares held jointly with James L. Dolan) and this report shall not be deemed to be an admission that she is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
- F3This transaction was executed in multiple trades at prices ranging from $23.650 to $24.048 per share, inclusive. The price reported above reflects the weighted average sale price. Mr. Dolan hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4Shares held directly by Kristin A. Dolan (or indirectly by Kristin A. Dolan through a 401(k) plan), Mr. Dolan's spouse, and indirectly held by James L. Dolan. James L. Dolan disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities. Excludes shares held jointly with James L. Dolan, which are reflected on James L. Dolan's direct holdings.
- F5Shares of Class A Common Stock held by James L. Dolan, as custodian for the Reporting Persons' minor children.
- F6Reporting Persons disclaim beneficial ownership of these securities and this report shall not be deemed to be an admission that either is, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
- F7Shares held by members of the Reporting Persons' household.
- F8Each stock option was previously reported at an exercise price of $25.51, but has been adjusted to reflect dividends.
- F9Exercise of options under the Company's Employee Stock Plan, exempt under Rule 16b-3.