SEC Form 4 · accession 0000947871-18-000986
Optimum Communications, Inc. · OPTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dexter Goei
Officer — Chairman & CEO · Director
Period of report
Dec 19, 2018
Accepted (ET)
Dec 21, 2018 · 6:03 pm EST
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 | Dec 21, 2018 | C | 368,339 | — | A | 1,087,975 | D | |
| Class A common stock | holding | — | — | — | 2,683,330 | I | Luxembourg SPF |
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,F2 | — | Dec 21, 2018 | C | 368,339 | D | — | — | Class A common stock | 368,339 | 416,393 | D |
| Stock Option (Right to Buy)F3 | $17.50 | Dec 19, 2018 | A | 1,337,400 | A | — | Dec 19, 2028 | Class A common stock | 1,337,400 | 1,337,400 | 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.
- F2These Class C Units vested 50% on December 21, 2017 and 25% on December 21, 2018. The remaining 25% will vest on December 21, 2019.
- F3These Options were granted under the Altice USA Long Term Incentive Plan and are scheduled to vest on 12/19/2021.