Statement of Changes in Beneficial Ownership (4)
May 07 2020 - 5:59PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Winfrey Christopher L |
2. Issuer Name and Ticker or Trading Symbol
CHARTER COMMUNICATIONS, INC. /MO/
[
CHTR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O CHARTER COMMUNICATIONS, INC., 400 ATLANTIC STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/5/2020 |
(Street)
STAMFORD, CT 06901
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 5/5/2020 | | M | | 117664 (1) | A | $60.96 | 149917 | D | |
Class A Common Stock | 5/5/2020 | | F | | 64702 (2) | D | $516.90 | 85215 | D | |
Class A Common Stock | 5/5/2020 | | M | | 50428 (1) | A | $60.96 | 135643 | D | |
Class A Common Stock | 5/5/2020 | | F | | 27730 (2) | D | $516.93 | 107913 | D | |
Class A Common Stock | 5/5/2020 | | S | | 19552 (3) | D | $516.44 (4) | 88361 | D | |
Class A Common Stock | 5/6/2020 | | S | | 9239 (3) | D | $508.51 (4) | 79122 | D | |
Class A Common Stock | 5/6/2020 | | M | | 45845 (1) | A | $60.96 | 45845 | I | Shares held by Christopher L. Winfrey 2018 GRAT II |
Class A Common Stock | 5/6/2020 | | F | | 5536 (5) | D | $504.849 | 40309 | I | Shares held by Christopher L. Winfrey 2018 GRAT II |
Class A Common Stock | 5/6/2020 | | M | | 19647 (1) | A | $60.96 | 59956 | I | Shares held by Christopher L. Winfrey 2018 GRAT II |
Class A Common Stock | 5/6/2020 | | F | | 2373 (5) | D | $504.917 | 57583 | I | Shares held by Christopher L. Winfrey 2018 GRAT II |
Class A Common Stock | | | | | | | | 27126 | I | Shares held by Atalaya Management, LLC |
Class A Common Stock | | | | | | | | 34908 | I | Shares held by Winfrey Dynasty Trust |
Class A Common Stock | | | | | | | | 34909 | I | Shares held by Yeniley L Winfrey Irrevocable Trust |
Class A Common Stock | | | | | | | | 945 | I | Shares held by Yeniley Lorenzo Winfrey Rev Tr U/A DTD 07/27/2001 |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Options | $60.96 | 5/5/2020 | | M | | | 117664 | (1)(6) | 4/26/2021 | Class A Common Stock | 117664.0 | $0 | 0 | D | |
Stock Options | $60.96 | 5/5/2020 | | M | | | 50428 | (1)(7) | 4/26/2021 | Class A Common Stock | 50428.0 | $0 | 0 | D | |
Stock Options | $60.96 | 5/6/2020 | | M | | | 45845 | (1)(6) | 4/26/2021 | Class A Common Stock | 45845.0 | $0 | 0 | I | Shares held by Christopher L. Winfrey 2018 GRAT II |
Stock Options | $60.96 | 5/6/2020 | | M | | | 19647 | (1)(7) | 4/26/2021 | Class A Common Stock | 19647.0 | $0 | 0 | I | Shares held by Christopher L. Winfrey 2018 GRAT II |
Explanation of Responses: |
(1) | To address the near-term expiration of ten-year performance-based and ten-year time-based stock options, the reporting person exercised options granted in 2011 under the Charter Communications, Inc. 2009 Stock Incentive Plan. |
(2) | Withholding of securities for the purpose of paying the exercise price and paying taxes. |
(3) | Based on an estimate of the tax withholding obligation, a portion of May 5, 2020 net settled shares held directly by Mr. Winfrey were sold to fund tax withholding obligations related to the net settlement exercise of 45,845 ten-year performance-based stock options and 19,647 ten-year time-based options held by the Christopher L. Winfrey 2018 GRAT II reported herein. The total net effect of direct and indirect holding of stock options exercised on May 5 and 6, 2020 was that, after settlement of the exercise price and taxes, the residual value of the option exercises to Mr. Winfrey's direct and indirect holdings was over 99% delivered in Charter stock versus cash. |
(4) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $516.25 to $517.32, inclusive, for sales on May 5, 2020 and prices ranging from $507.00 to $510.335, inclusive, for sales on May 6, 2020. The reporting person undertakes to provide Charter Communications, Inc., any security holder of Charter Communications, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
(5) | Withholding of securities for the purpose of paying the exercise price. |
(6) | Performance-vesting stock options granted on April 26, 2011 under the Charter Communications, Inc. 2009 Stock Incentive Plan. The options became fully exercisable on November 1, 2013. |
(7) | Time-vesting stock options granted on April 26, 2011 under the Charter Communications, Inc. 2009 Stock Incentive Plan. The options became fully exercisable on November 1, 2013. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Winfrey Christopher L C/O CHARTER COMMUNICATIONS, INC. 400 ATLANTIC STREET STAMFORD, CT 06901 |
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| Chief Financial Officer |
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Signatures
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/s/Daniel J. Bollinger as attorney-in-fact for Christopher L. Winfrey | | 5/7/2020 |
**Signature of Reporting Person | Date |
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