0001387131-21-008730.txt : 20210818
0001387131-21-008730.hdr.sgml : 20210818
20210818215933
ACCESSION NUMBER: 0001387131-21-008730
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210816
FILED AS OF DATE: 20210818
DATE AS OF CHANGE: 20210818
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Newhouse Michael A
CENTRAL INDEX KEY: 0001675262
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33664
FILM NUMBER: 211188292
MAIL ADDRESS:
STREET 1: CHARTER COMMUNICATIONS, INC.
STREET 2: 400 ATLANTIC STREET, 10TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHARTER COMMUNICATIONS, INC. /MO/
CENTRAL INDEX KEY: 0001091667
STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841]
IRS NUMBER: 841496755
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 400 ATLANTIC STREET
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-905-7800
MAIL ADDRESS:
STREET 1: 400 ATLANTIC STREET
CITY: STAMFORD
STATE: CT
ZIP: 06901
FORMER COMPANY:
FORMER CONFORMED NAME: CHARTER COMMUNICATIONS INC /MO/
DATE OF NAME CHANGE: 19990723
4
1
ownership.xml
X0306
4
2021-08-16
0
0001091667
CHARTER COMMUNICATIONS, INC. /MO/
CHTR
0001675262
Newhouse Michael A
C/O CHARTER COMMUNICATIONS, INC.
400 ATLANTIC STREET
STAMFORD
CT
06901
1
0
0
0
Common Stock
2021-08-16
4
X
1
65799
371.5202
D
3070712
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-16
4
J
1
65799
778.9910
A
3136511
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-16
4
X
1
65798
371.5202
D
3070713
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-16
4
J
1
65798
778.9910
A
3136511
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-17
4
X
1
65799
371.5202
D
3070712
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-17
4
J
1
65799
787.3606
A
3136511
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-17
4
X
1
65798
371.5202
D
3070713
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-17
4
J
1
65798
787.3606
A
3136511
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-18
4
X
1
65799
371.5202
D
3070712
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-18
4
J
1
65799
789.0393
A
3136511
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-18
4
X
1
65798
371.5202
D
3070713
I
Indirect Interest in a Partnership
Common Stock
2824
D
Common Stock
2021-08-18
4
J
1
65798
789.0393
A
3136511
I
Indirect Interest in a Partnership
Common Stock
2824
D
Call option (obligation to sell)
371.5202
2021-08-16
4
X
1
65799
0
D
2021-08-16
2021-08-16
Common Stock
65799
723789
I
Indirect Interest in a Partnership
Put option (right to sell)
247.4860
2021-08-16
4
J
1
65799
0
D
2021-08-16
2021-08-16
Common Stock
65799
723789
I
Indirect Interest in a Partnership
Call option (obligation to sell)
371.5202
2021-08-16
4
X
1
65798
0
D
2021-08-16
2021-08-16
Common Stock
65798
723767
I
Indirect Interest in a Partnership
Put option (right to sell)
247.4860
2021-08-16
4
J
1
65798
0
D
2021-08-16
2021-08-16
Common Stock
65798
723767
I
Indirect Interest in a Partnership
Call option (obligation to sell)
371.5202
2021-08-17
4
X
1
65799
0
D
2021-08-17
2021-08-17
Common Stock
65799
657990
I
Indirect Interest in a Partnership
Put option (right to sell)
247.4860
2021-08-17
4
J
1
65799
0
D
2021-08-17
2021-08-17
Common Stock
65799
657990
I
Indirect Interest in a Partnership
Call option (obligation to sell)
371.5202
2021-08-17
4
X
1
65798
0
D
2021-08-17
2021-08-17
Common Stock
65798
657969
I
Indirect Interest in a Partnership
Put option (right to sell)
247.4860
2021-08-17
4
J
1
65798
0
D
2021-08-17
2021-08-17
Common Stock
65798
657969
I
Indirect Interest in a Partnership
Call option (obligation to sell)
371.5202
2021-08-18
4
X
1
65799
0
D
2021-08-18
2021-08-18
Common Stock
65799
592191
I
Indirect Interest in a Partnership
Put option (right to sell)
247.4860
2021-08-18
4
J
1
65799
0
D
2021-08-18
2021-08-18
Common Stock
65799
592191
I
Indirect Interest in a Partnership
Call option (obligation to sell)
371.5202
2021-08-18
4
X
1
65798
0
D
2021-08-18
2021-08-18
Common Stock
65798
592171
I
Indirect Interest in a Partnership
Put option (right to sell)
247.4860
2021-08-18
4
J
1
65798
0
D
2021-08-18
2021-08-18
Common Stock
65798
592171
I
Indirect Interest in a Partnership
As previously disclosed, on August 6, 2018, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 6,000,000 Class B Common Units of Charter Communications Holdings, LLC ("Units") to provide financial flexibility to support its ongoing estate planning and its investment program and for other general corporate purposes. A/N entered into Share Collar Transactions (the "Transactions") with unaffiliated banks (each, a "Bank"), pursuant to which A/N wrote European call options and purchased European put options over an aggregate of 6,000,000 shares of Class A common stock (the "Common Stock") of Charter Communications, Inc. (the "Issuer"). The Transactions expire evenly over a series of expiration dates from August 16, 2021 to August 31, 2021, inclusive.
Pursuant to the Transaction with the relevant Bank, on the transaction date listed above, the Bank's call option was automatically exercised with respect to the portion of the Transaction expiring on such date, and, because the relevant Transaction is cash settled, in lieu of delivering Common Stock to the Bank, A/N paid to the Bank, for each share of Common Stock underlying such call options, the excess of the volume weighted average price of the Common Stock on the relevant transaction date over the strike price of $371.5202 with respect to such call option. On the same date, the related put option with respect to an equal number of shares of Common Stock expired unexercised. The
The settlement of the Transactions occurred pursuant to the formulas set forth in the Transaction agreements at the time they were entered into, and the reported sales of the Common Stock in connection therewith are deemed exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-6(b) thereunder.
The Reporting Person disclaims beneficial ownership of the Common Stock and Units owned by A/N and the put and call Options listed in Table 2 and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such Common Stock, Units or options for purposes of Section 16 or for any other purpose.
The Reporting Person, by virtue of his affiliations with Advance Long-Term Management Trust, a New Jersey trust ("ALTMT"), Advance Publications, Inc., a New York corporation ("API") and Newhouse Broadcasting Corporation ("NBCo"), and affiliation with and interest in other non-controlling holders of equity of API and NBCo, may be deemed to beneficially own the Common Stock and Units owned directly by A/N. ALTMT is the general partner of Newhouse Family Holdings, L.P., a Delaware limited partnership, which owns all of the voting shares of API. API and NBCo indirectly own all of the partnership interests of A/N.
/s/ Michael A. Newhouse
2021-08-18