SEC Form 4 · accession 0000950157-17-000354
Cable One, Inc. · CABO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P. Coyle
Officer — SVP, Chief Financial Officer
Period of report
Mar 8, 2017
Accepted (ET)
Mar 10, 2017 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001632127
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock; par value $0.01 | Mar 8, 2017 | M | 1,500 | $422.31 | A | 4,440 | D | |
| Common Stock; par value $0.01F1 | Mar 8, 2017 | D | 1,003 | $632.16 | D | 3,437 | D | |
| Common Stock; par value $0.01 | Mar 8, 2017 | S | 340 | $633.00 | D | 3,097 | D | |
| Common Stock; par value $0.01 | Mar 8, 2017 | S | 8 | $635.00 | D | 3,089 | D | |
| Common Stock; par value $0.01 | Mar 8, 2017 | S | 145 | $636.00 | D | 2,944 | D | |
| Common Stock; par value $0.01 | Mar 8, 2017 | S | 4 | $637.01 | D | 2,940 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2 | $422.31 | Mar 8, 2017 | M | 1,500 | D | — | Sep 1, 2025 | Common Stock; par value $0.01 | 1,500 | 4,500 | D |
Explanation of responses
- F1This represents the difference between the number of stock appreciation rights (SARs) exercised (1,500) and the number of shares issued as a result of the exercise (497). Each SAR represents the right, upon exercise, to receive a number of shares of Common Stock equal in value to the amount, if any, by which the fair market value of Common Stock (as determined on the date of the exercise) exceeds the exercise price.
- F2The Reporting Person was granted 6,000 SARs on September 1, 2015. From the original grant of 6,000 SARs, 1,500 SARs vested and became exercisable on September 1, 2016. The SARs generally vest and become exercisable as to 25% of the number of underlying shares covered by the grant on each of the first four anniversaries of the date of grant, subject to the Reporting Person's continued employment with Cable One, Inc. through each such date.