SEC Form 4 · accession 0000950157-17-000962
Cable One, Inc. · CABO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Michael Lardy
Officer — SVP
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 4:51 pm EDT
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 | Jun 15, 2017 | M | 1,150 | $422.31 | A | 2,542 | D | |
| Common Stock; par value $0.01F1 | Jun 15, 2017 | D | 679 | $715.26 | D | 1,863 | D | |
| Common Stock; par value $0.01F2 | Jun 15, 2017 | F | 149 | $715.26 | D | 1,714 | D | |
| Common Stock; par value $0.01F3 | Jun 16, 2017 | S | 322 | $725.00 | D | 1,392 | 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 RightF4 | $422.31 | Jun 15, 2017 | M | 1,150 | D | — | Sep 1, 2025 | Common Stock; par value $0.01 | 1,150 | 3,450 | D |
Explanation of responses
- F1This represents the difference between the number of stock appreciation rights (SARs) exercised (1,150) and the number of shares issued as a result of the exercise (471). 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.
- F2This represents the withholding of shares of Common Stock to satisfy tax withholding liability associated with the exercise of the SARs that was reported in this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $725.00 to $725.21, inclusive. The Reporting Person undertakes to provide to Cable One, Inc., any security holder of Cable One, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the shares sold at each separate price within the ranges set forth in this footnote.
- F4The Reporting Person was granted 4,600 SARs on September 1, 2015. From the original grant of 4,600 SARs, 1,150 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.