Filing Details
- Accession Number:
- 0001140361-20-014104
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-06-17 21:24:06
- Reporting Period:
- 2020-06-15
- Accepted Time:
- 2020-06-17 21:24:06
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1702780 | Altice Usa Inc. | ATUS | Cable & Other Pay Television Services (4841) | 383980194 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1709662 | S.a.r.l. Alt Next | 5, Rue Eugene Ruppert Grand Duchy Of Luxembourg N4 L-2453 | No | No | No | No | |
1709665 | S.a. A4 | 5, Rue Eugene Ruppert Grand Duchy Of Luxembourg N4 L-2453 | No | No | No | No | |
1709689 | Patrick Drahi | 5 Rue Eugene Ruppert Grand Duchy Of Luxembourg N4 L-2453 | No | No | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Disposition | 2020-06-15 | 500,000 | $23.68 | 20,701,295 | No | 4 | S | Indirect | Altice CVC Lux S.a r.l. |
Class A Common Stock | Disposition | 2020-06-16 | 913,000 | $24.97 | 19,788,295 | No | 4 | S | Indirect | Altice CVC Lux S.a r.l. |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Indirect | Altice CVC Lux S.a r.l. |
No | 4 | S | Indirect | Altice CVC Lux S.a r.l. |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Class A Common Stock | 41,369,305 | Direct | |
Class A Common Stock | 6,030,897 | Indirect | Uppernext S.C.S.p |
Class A Common Stock | 1,000 | Indirect | A4 S.A. |
Footnotes
- Represents the weighted average sale price. The highest price at which shares were sold was $23.98 and the lowest price at which shares were sold was $23.41. The Reporting Person undertakes to provide any security holder of Altice USA, Inc. or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each specific price. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Altice CVC Lux S.a r.l. ("Altice CVC Lux") on June 3, 2020.
- Represents the weighted average sale price. The highest price at which shares were sold was $25.25 and the lowest price at which shares were sold was $24.35. The Reporting Person undertakes to provide any security holder of Altice USA, Inc. or the staff of the SEC, upon request, full information regarding the number of shares sold at each specific price. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Altice CVC Lux on June 3, 2020.
- Next Alt S.a r.l. ("Next Alt") is a personal holding company of Mr. Drahi, who is its controlling shareholder. As of the date of this report, Next Alt directly and indirectly owns 77.58% of the share capital and voting rights of Altice Europe N.V. Altice Europe N.V. maintains a one-tier board of four executive board members, one of whom is Mr. Drahi, and four non-executive board members. The executive board members are appointed by shareholders at the general meeting at the binding nomination of Next Alt. Altice CVC Lux is an indirect wholly owned subsidiary of Altice Europe N.V. Mr. Drahi, Next Alt and Altice Europe N.V. may each be deemed to beneficially own the shares of the Issuer owned by Altice CVC Lux.
- Mr. Drahi is the sole controlling shareholder of Uppernext S.C.S.p ("Uppernext"). As such, Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Uppernext. A4 S.A., which is controlled by the family of Mr. Drahi, is an executive board member of Altice Europe N.V. Mr. Drahi is a director of the Issuer and Next Alt and A4 S.A. are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer.
- Each Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests.