SEC Form 4 · accession 0000947871-18-000527
Optimum Communications, Inc. · OPTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa Rosenblum
Officer — Vice Chairman
Period of report
Jun 21, 2018
Accepted (ET)
Jun 25, 2018 · 6:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001702780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stockF1 | Jun 21, 2018 | X | 376,286 | — | A | 398,037 | D | |
| Class A common stockF2 | Jun 21, 2018 | S | 60,000 | $16.97 | D | 338,037 | D | |
| Class A common stockF3 | Jun 22, 2018 | S | 190,000 | $16.93 | D | 148,037 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class C UnitF1 | — | Jun 21, 2018 | X | 376,286 | D | — | — | Class A common stock | 376,286 | 471,122 | D |
Explanation of responses
- F1Class C Units represent a contingent right to receive, following vesting, shares of Class A common stock of the Issuer in the discretion of Neptune Holding US GP LLC.
- F2Represents the weighted average sales price of the shares sold ranging from a low of $16.90 to a high of $17.10 per share. The Reporting Person undertakes, upon request by the Commission staff, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- F3Represents the weighted average sales price of the shares sold ranging from a low of $16.72 to a high of $17.25 per share. The Reporting Person undertakes, upon request by the Commission staff, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.