SEC Form 4 · accession 0001225208-16-029236
Old QVC Group, Inc. · QVCGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard N Baer
Officer — Chief Legal Officer
Period of report
Mar 2, 2016
Accepted (ET)
Mar 4, 2016 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A QVC Group Common Stock | Mar 2, 2016 | M | 238,108 | $18.27 | A | 307,436 | D | |
| Series A QVC Group Common StockF1 | Mar 2, 2016 | S | 63,649 | $25.8369 | D | 243,787 | D | |
| Series A QVC Group Common Stock | Mar 2, 2016 | F | 198,598 | $25.50 | D | 45,189 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) QVCAF2 | $18.27 | Mar 2, 2016 | M | 238,108 | D | — | Nov 8, 2022 | Series A QVC Group Common Stock | 238,108 | 238,109 | D |
Explanation of responses
- F1The price is a weighted average price. These shares were sold in multiple transactions ranging from $25.8081 to $25.9200, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- F2The option award vested 50% on December 31, 2015, and the remainder of the award vests on December 31, 2016.