SEC Form 4 · accession 0001140361-15-014849
CyrusOne Inc. · CONE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CINCINNATI BELL INC
10% Owner
Period of report
Apr 7, 2015
Accepted (ET)
Apr 9, 2015 · 9:53 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001553023
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF1,F4,F2,F3 | $0.00 | Apr 7, 2015 | S | 14,260,000 | D | — | — | Common Stock | 14,260,000 | 12,341,835 | I |
Explanation of responses
- F1"Operating Partnership Units" are the common units of limited partnership interest in the Issuer's operating partnership, CyrusOne LP, a Maryland limited partnership. Operating Partnership Units are redeemable for cash equal to the then current market value of one share of Common Stock, or at the election of the Issuer, for shares of Common Stock on a one-for-one basis.
- F2Operating Partnerships Units are redeemable for cash or shares of Common Stock at any time.
- F3The right to convert Operating Partnership Units into shares of Common Stock has no expiration date.
- F4Data Centers South Holdings LLC is the record holder of 12,341,835 Operating Partnership Units (the "Controlled OP Units"). Cincinnati Bell Inc. is the sole stockholder of Cincinnati Bell Technology Solutions Inc., which is the sole stockholder of Data Center Investments Inc., which is the sole stockholder of Data Centers South Inc., which is the sole member of Data Centers South Holdings LLC. As a result, Cincinnati Bell Inc. exercises investment discretion and control over the Controlled OP Units.