Filing Details

Accession Number:
0001193125-18-357266
Form Type:
13D Filing
Publication Date:
2018-12-26 06:12:05
Filed By:
Silver Lake Partners
Company:
Madison Square Garden Sports Corp. (NYSE:MSGS)
Filing Date:
2018-12-26
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
SLP Investment Holdco 0 939,996 0 939,996 939,996 4.9%
SLP Investment Holdings 0 939,996 0 939,996 939,996 4.9%
Silver Lake Technology Associates IV 0 939,996 0 939,996 939,996 4.9%
SLTA IV (GP) 0 939,996 0 939,996 939,996 4.9%
Silver Lake Group 0 939,996 0 939,996 939,996 4.9%
Silver Lake Partners V DE (AIV) Marquee 0 912,811 0 912,811 912,811 4.7%
Silver Lake Technology Investors V DE (AIV) Marquee 0 13,055 0 13,055 13,055 0.1%
Silver Lake Technology Associates V Marquee 0 925,866 0 925,866 925,866 4.8%
SLTA V (GP) Marquee 0 925,866 0 925,866 925,866 4.8%
SLP Marquee Investor 0 925,866 0 925,866 925,866 4.8%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

THE MADISON SQUARE GARDEN COMPANY

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

55825T103

(CUSIP Number)

Karen M. King, Esq.

Silver Lake

2775 Sand Hill Road, Suite 100

Menlo Park, CA 94025

(650) 233-8120

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

With copies to:

Richard Capelouto, Esq.

Simpson Thacher & Bartlett LLP

2475 Hanover Street

Palo Alto, California 94304

(650) 251-5000

December 21, 2018

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  SLP Investment Holdco, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  939,996

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  939,996

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  939,996

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.9%

14.      

  Type of Reporting Person (See Instructions)

 

  PN

 

2


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  SLP Investment Holdings, L.L.C.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  939,996

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  939,996

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  939,996

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.9%

14.      

  Type of Reporting Person (See Instructions)

 

  OO

 

3


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  Silver Lake Technology Associates IV, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  939,996

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  939,996

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  939,996

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.9%

14.      

  Type of Reporting Person (See Instructions)

 

  PN, IA

 

4


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  SLTA IV (GP), L.L.C.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  939,996

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  939,996

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  939,996

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.9%

14.      

  Type of Reporting Person (See Instructions)

 

  OO

 

5


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  Silver Lake Group, L.L.C.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  939,996

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  939,996

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  939,996

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.9%

14.      

  Type of Reporting Person (See Instructions)

 

  OO

 

6


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  Silver Lake Partners V DE (AIV) Marquee, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  912,811

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  912,811

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  912,811

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.7%

14.      

  Type of Reporting Person (See Instructions)

 

  PN

 

7


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  Silver Lake Technology Investors V DE (AIV) Marquee, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  13,055

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  13,055

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  13,055

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  0.1%

14.      

  Type of Reporting Person (See Instructions)

 

  PN

 

8


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  Silver Lake Technology Associates V Marquee, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  925,866

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  925,866

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  925,866

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.8%

14.      

  Type of Reporting Person (See Instructions)

 

  PN, IA

 

9


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  SLTA V (GP) Marquee, L.L.C.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  925,866

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  925,866

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  925,866

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.8%

14.      

  Type of Reporting Person (See Instructions)

 

  OO

 

10


CUSIP NO. 55825T103

 

  1.       

  Names of Reporting Persons.

 

  SLP Marquee Investor, L.L.C.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

shares

  beneficially  

owned by

each

reporting

person

with:

       7.     

  Sole Voting Power

 

  0

  8.     

  Shared Voting Power

 

  925,866

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  925,866

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  925,866

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  4.8%

14.      

  Type of Reporting Person (See Instructions)

 

  OO

 

11


Explanatory Note

This Amendment No. 3 (the Amendment) amends the statement on Schedule 13D originally filed by certain of the Reporting Persons (as defined below) on February 23, 2018, as amended by Amendment No. 1 filed on November 5, 2018 and Amendment No. 2 filed on December 10, 2018 (as amended, the Schedule 13D). The Items below amend the information disclosed under the corresponding Items of the Schedule 13D as described below. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D.

 

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated as follows:

SLP Holdco purchased 939,996 shares of Class A Common Stock for an aggregate purchase price of $204,849,429. SLP V Marquee purchased 912,811 shares of Class A Common Stock for an aggregate purchase price of $227,411,826. SLTI V Marquee purchased 13,055 shares of Class A Common Stock for an aggregate purchase price of $3,252,365. The source of funds for all such purchases were from general funds available to such purchaser, including capital contributions from their respective investors and/or for cash management purposes in advance of a capital call, short-term borrowings under an existing revolving credit facility to which one or more affiliates of the purchasers are parties, which amounts are expected to be repaid upon the funding of capital contributions from their respective investors.

 

Item 5.

Interest in Securities of the Issuer.

Items 5(a), (b) and (c) are hereby amended and restated as follows:

The information contained in rows 7, 8, 9, 10, 11 and 13 on each of the cover pages of this Amendment, the information set forth or incorporated in Items 2, 3 and 6 of this Schedule 13D, and the information set forth on Annex B attached to this Schedule 13D, are incorporated by reference in its entirety into this Item 5.

(a)-(b) By virtue of their relationships, the Reporting Persons may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the Exchange Act). As such, the Reporting Persons may be deemed to beneficially own an aggregate of 1,865,862 shares of Class A Common Stock, which includes (i) 939,996 shares of Class A Common Stock held by SLP Holdco, (ii) 912,811 shares of Class A Common Stock held by SLP V Marquee and (iii) 13,055 shares of Class A Common Stock held by SLTI V Marquee, representing in the aggregate approximately 9.7% of the issued and outstanding Class A Common Stock of the Issuer.

The percentages of beneficial ownership in this Schedule 13D are based on 19,222,045 shares of Class A Common Stock of the Issuer outstanding as of October 31, 2018, as referenced in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 1, 2018.

Information with respect to the beneficial ownership of Class A Common Stock by the managing members of SLG and SLP Marquee is set forth in Annex A-1 and Annex A-2, each as attached to the Schedule 13D filed by the Reporting Persons on February 23, 2018, and incorporated herein by reference in response to this Item 5.

(c) Except as set forth in Annex B attached hereto, none of the Reporting Persons have effected any transaction with respect to the Class A Common Stock since the filing of Amendment No. 2 to the Schedule 13D.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended and supplemented by adding the following at the end thereof:


The information set forth or incorporated in Item 3 and Item 5 is incorporated by reference in its entirety into this Item 6.

SLP HoldCo sold exchange-traded put options, expiring on January 18, 2019 and which are currently outstanding, that give the holder the right to sell to SLP HoldCo:

 

   

10,000 shares of Class A Common Stock with an exercise price of $280.00 per share.

SLP V Marquee sold exchange-traded put options, expiring on January 18, 2019 and which are currently outstanding, that give the holder the right to sell to SLP V Marquee:

 

   

22,100 shares of Class A Common Stock with an exercise price of $280.00 per share, and

 

   

2,000 shares of Class A Common Stock with an exercise price of $290.00 per share.

Approximately 1.41% of the put options held by SLP V Marquee are held for the benefit of SLTI V Marquee. The put options sold by SLP HoldCo and SLP V Marquee do not give any of the Reporting Persons direct or indirect voting, investment or dispositive control over any shares of Class A Common Stock, unless and until exercised by the holder of such put options. Accordingly, the Reporting Persons disclaim any beneficial ownership in any shares of Class A Common Stock that underlie such put options.


SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: December 26, 2018

 

SLP Investment Holdco, L.P.
By:   SLP Investment Holdings, L.L.C., its general partner
By:   Silver Lake Technology Associates IV, L.P., its managing member
By:   SLTA IV (GP), L.L.C., its general partner
By:   Silver Lake Group, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
SLP Investment Holdings, L.L.C.
By:   Silver Lake Technology Associates IV, L.P., its managing member
By:   SLTA IV (GP), L.L.C., its general partner
By:   Silver Lake Group, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
Silver Lake Technology Associates IV, L.P.
By:   SLTA IV (GP), L.L.C., its general partner
By:   Silver Lake Group, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
SLTA IV (GP), L.L.C.
By:   Silver Lake Group, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director

Silver Lake Group, L.L.C.
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
Silver Lake Partners V DE (AIV) Marquee, L.P.
By:   Silver Lake Technology Associates V Marquee, L.P., its general partner
By:   SLTA V (GP) Marquee, L.L.C., its general partner
By:   SLP Marquee Investor, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
Silver Lake Technology Investors V DE (AIV) Marquee, L.P.
By:   Silver Lake Technology Associates V Marquee, L.P., its general partner
By:   SLTA V (GP) Marquee, L.L.C., its general partner
By:   SLP Marquee Investor, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
Silver Lake Technology Associates V Marquee, L.P.
By:   SLTA V (GP) Marquee, L.L.C., its general partner
By:   SLP Marquee Investor, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director

SLTA V (GP) Marquee, L.L.C.
By:   SLP Marquee Investor, L.L.C., its managing member
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director
SLP Marquee Investor, L.L.C.
By:   /s/ Greg Mondre
Name:   Greg Mondre
Title:   Managing Director

Annex B

Transactions Since the Filing of Amendment No. 2 to Schedule 13D

Transactions by SLP HoldCo in Class A Common Stock

 

Date

  

Security

   Number of Shares
Acquired
     Average Price
per Share
(excluding
commissions)
    

Nature of Transaction

12/18/2018

   Class A Common Stock      2,000      $ 260.57      Open Market Purchase

12/18/2018

   Class A Common Stock      4,000      $ 259.88      Open Market Purchase

12/19/2018

   Class A Common Stock      3,400      $ 260.88      Open Market Purchase

Transactions by SLP HoldCo in Put Options in the Open Market*

 

        Date         

   Transaction    Exercise Price      Expiration Date      Contract Quantity
(underlying shares in
100s)
    Price per Share
Underlying Options
(excluding commissions)
 
12/17/2018    Sell Puts    $ 280.00        1/18/2019        (50   $ 16.63  
12/18/2018    Sell Puts    $ 280.00        1/18/2019        (50   $ 22.00  

Transactions by SLP V Marquee in Class A Common Stock*

 

Date   

                         Security                        

   Number of Shares
Acquired
     Average Price
per Share
(excluding
commissions)
    

                 Nature of Transaction                

12/13/2018    Class A Common Stock      4,930      $ 290.00      Put Option Exercise by Counterparty
12/13/2018    Class A Common Stock      493      $ 290.00      Put Option Exercise by Counterparty
12/14/2018    Class A Common Stock      3,944      $ 260.60      Open Market Purchase
12/14/2018    Class A Common Stock      3,944      $ 260.52      Open Market Purchase
12/18/2018    Class A Common Stock      1,972      $ 260.57      Open Market Purchase
12/18/2018    Class A Common Stock      8,282      $ 280.00      Put Option Exercise by Counterparty
12/18/2018    Class A Common Stock      394      $ 300.00      Put Option Exercise by Counterparty
12/19/2018    Class A Common Stock      197      $ 290.00      Put Option Exercise by Counterparty
12/19/2018    Class A Common Stock      43,182      $ 280.00      Put Option Exercise by Counterparty
12/19/2018    Class A Common Stock      4,930      $ 270.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      11,042      $ 270.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      493      $ 280.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      2,465      $ 290.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      37,366      $ 260.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      63,393      $ 270.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      22,873      $ 280.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      14,986      $ 290.00      Put Option Exercise by Counterparty
12/21/2018    Class A Common Stock      394      $ 300.00      Put Option Exercise by Counterparty
12/24/2018    Class A Common Stock      6,408      $ 290.00      Put Option Exercise by Counterparty

Transactions by SLTI V Marquee in Class A Common Stock*

 

Date

  

Security

   Number of Shares
Acquired
     Average Price
per Share
(excluding
commissions)
    

Nature of Transaction

12/13/2018

   Class A Common Stock      71      $ 290.00      Put Option Exercise by Counterparty

12/13/2018

   Class A Common Stock      7      $ 290.00      Put Option Exercise by Counterparty

12/14/2018

   Class A Common Stock      56      $ 260.60      Open Market Purchase

12/14/2018

   Class A Common Stock      56      $ 260.52      Open Market Purchase

12/18/2018

   Class A Common Stock      28      $ 260.57      Open Market Purchase

12/18/2018

   Class A Common Stock      118      $ 280.00      Put Option Exercise by Counterparty

12/18/2018

   Class A Common Stock      6      $ 300.00      Put Option Exercise by Counterparty

12/19/2018

   Class A Common Stock      3      $ 290.00      Put Option Exercise by Counterparty

12/19/2018

   Class A Common Stock      618      $ 280.00      Put Option Exercise by Counterparty

12/19/2018

   Class A Common Stock      71      $ 270.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      158      $ 270.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      7      $ 280.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      35      $ 290.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      534      $ 260.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      907      $ 270.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      327      $ 280.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      214      $ 290.00      Put Option Exercise by Counterparty

12/21/2018

   Class A Common Stock      6      $ 300.00      Put Option Exercise by Counterparty

12/24/2018

   Class A Common Stock      92      $ 290.00      Put Option Exercise by Counterparty

Transactions by SLP V Marquee in Put Options in the Open Market*

 

        Date         

   Transaction    Exercise Price      Expiration Date      Contract Quantity
(underlying shares in
100s)
    Price per Share
Underlying Options
(excluding commissions)
 

12/12/2018

   Sell Puts    $ 280.00        12/21/2018        (65   $ 14.61  

12/12/2018

   Sell Puts    $ 290.00        12/21/2018        (25   $ 24.50  

12/13/2018

   Sell Puts    $ 280.00        12/21/2018        (25   $ 17.50  

12/13/2018

   Sell Puts    $ 290.00        12/21/2018        (25   $ 27.40  

12/13/2018

   Sell Puts    $ 280.00        1/18/2019        (55   $ 18.82  

12/13/2018

   Sell Puts    $ 290.00        1/18/2019        (50   $ 27.50  

12/14/2018

   Sell Puts    $ 280.00        12/21/2018        (15   $ 20.00  

12/14/2018

   Sell Puts    $ 290.00        12/21/2018        (5   $ 30.00  

12/14/2018

   Sell Puts    $ 280.00        1/18/2019        (50   $ 19.50  

12/14/2018

   Sell Puts    $ 290.00        1/18/2019        (35   $ 29.64  

12/17/2018

   Sell Puts    $ 280.00        1/18/2019        (50   $ 16.63  

 

*

As described in the Schedule 13D, approximately 1.41% of put options held by SLP V Marquee are held for the benefit of SLTI V Marquee. Upon exercise of put options by the holder of such put options, approximately 1.41% of the shares of Class A Common Stock underlying such put options are purchased by SLTI V Marquee.