SEC Form 4 · accession 0001209191-16-129075

CABLEVISION SYSTEMS CORP /NY · CVC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Deborah A Dolan-Sweeney

Director · Other

Brian Sweeney

Officer — President and CFO · Director

Period of report

Jun 21, 2016

Accepted (ET)

Jun 21, 2016 · 4:52 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	D/I	Nature of ownership
Cablevision NY Group Class A Common Stock^F2,F3,F4,F5	Jun 21, 2016	D	293,762	$34.90	D	D
Cablevision NY Group Class A Common Stock^F6,F3,F7,F8	Jun 21, 2016	D	52,106	$34.90	D	I	By spouse
Cablevision NY Group Class A Common Stock^F3,F9	Jun 21, 2016	D	32,050	$34.90	D	I	By trusts

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options (Rights to Buy)^F10,F5	$13.93	Jun 21, 2016	D	95,800	D	Mar 6, 2013	Mar 6, 2022	Cablevision NY Group Class A Common Stock	95,800	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.
F10Pursuant to the terms of the Merger Agreement, at the Effective Time, each stock option 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.
F2Includes restricted shares.
F3At the Effective Time (as defined in 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.
F4Pursuant to the terms of the Merger Agreement, at the Effective Time, each restricted share 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, equal to the per share merger consideration of $34.90, exempt under Rule 16b-3.
F5Securities owned directly by Mr. Brian G. Sweeney and indirectly by his spouse, Deborah A. Dolan-Sweeney. Ms. Dolan-Sweeney disclaims beneficial ownership of these securities and this report shall not be deemed an admission that she was, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F6Includes restricted stock units.
F7Pursuant to the terms of the Merger Agreement, at the Effective Time, each restricted stock unit 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, equal to the per share merger consideration of $34.90, exempt under Rule 16b-3.
F8Securities owned directly by Ms. Deborah A. Dolan-Sweeney and indirectly by her spouse, Mr. Brian G. Sweeney. Mr. Sweeney disclaims beneficial ownership of these securities and this report shall not be deemed an admission that he was, for the purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
F9Securities held by trusts for which Mr. Brian G. Sweeney serves as co-trustee. Both he and Ms. Deborah A. Dolan-Sweeney disclaim beneficial ownership of these securities and this report shall not be deemed to be an admission that they were, for the purposes of Section 16 or for any other purpose, the beneficial owners of such securities.