SEC Form 4 · accession 0000947871-18-000704
Optimum Communications, Inc. · OPTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Connolly
Officer — Executive VP & General Counsel
Period of report
Aug 22, 2018
Accepted (ET)
Aug 24, 2018 · 5:25 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 | Aug 22, 2018 | C | 270,558 | — | A | 270,558 | D | |
| Class A common stockF2 | Aug 22, 2018 | S | 129,000 | $18.31 | D | 141,558 | 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,F3 | — | Aug 22, 2018 | C | 270,558 | D | — | — | Class A common stock | 270,558 | 329,690 | 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 $18.15 to a high of $18.53 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.
- F3These Class C Units vested 50% on August 22, 2018 and vest 25% on August 22, 2019 and 25% on August 22, 2020.