X0306 4 2018-08-06 0 0001091667 CHARTER COMMUNICATIONS, INC. /MO/ CHTR 0001106770 ADVANCE/NEWHOUSE PARTNERSHIP 6350 COURT STREET EAST SYRACUSE NY 13057-1211 1 0 1 0 0001455381 ADVANCE LONG-TERM MANAGEMENT TRUST C/O ROBINSON MILLER LLC ONE NEWARK CENTER, 19TH FLOOR NEWARK NJ 07102 0 0 1 0 0000914545 NEWHOUSE BROADCASTING CORP 6350 COURT STREET EAST SYRACUSE NY 13057-1211 0 0 1 0 0000914546 ADVANCE PUBLICATIONS, INC 950 FINGERBOARD ROAD STATEN ISLAND NY 10305 0 0 1 0 0001455383 NEWHOUSE FAMILY HOLDINGS, L.P. ONE WORLD TRADE CENTER NEW YORK NY 10007 0 0 1 0 Call option (obligation to sell) 371.5202 2018-08-06 4 S 1 1500000 D Common Stock 1500000 1500000 D Call option (obligation to sell) 371.5202 2018-08-06 4 S 1 1500000 D Common Stock 1500000 1500000 D Call option (obligation to sell) 408.2063 2018-08-06 4 S 1 1500000 D Common Stock 1500000 1500000 D Call option (obligation to sell) 408.2063 2018-08-06 4 S 1 1500000 D Common Stock 1500000 1500000 D Put option (right to sell) 247.486 2018-08-06 4 P 1 1500000 A Common Stock 1500000 1500000 D Put option (right to sell) 247.486 2018-08-06 4 P 1 1500000 A Common Stock 1500000 1500000 D Put option (right to sell) 247.486 2018-08-06 4 P 1 1500000 A Common Stock 1500000 1500000 D Put option (right to sell) 247.486 2018-08-06 4 P 1 1500000 A Common Stock 1500000 1500000 D 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, 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 will be settled in cash unless A/N elects physical settlement, in which case it expects to exchange Units for Class A Common Stock sufficient to satisfy its obligations under the Transactions. The Transaction expires evenly over a series of expiration dates from August 16, 2021 to August 31, 2021, inclusive. The Transaction expires evenly over a series of expiration dates from August 15, 2023 to August 30, 2023, inclusive. On the relevant expiration date, the call option will automatically be exercised (and the put option will expire unexercised) if the volume weighted average price of the Common Stock on the relevant expiration date (the "Reference Price") is greater than or equal to the call option strike price; the put option will automatically be exercised (and the call option will expire unexercised) if the Reference Price is less than or equal to the put option strike price; and the call option and the put option will each expire unexercised if the Reference Price is greater than the put option strike price but less than the call option strike price. The Transaction is a "zero-cost collar", in which no premium was exchanged for either the call option or the put option. Each of Newhouse Broadcasting Corporation, Advance Publications, Inc., Newhouse Family Holdings, L.P. and Advance Long-Term Management Trust may be deemed to beneficially own the call options and put options held by A/N and reported in Table II due to their control of A/N. Advance/Newhouse Partnership, By: /s/ Michael A. Newhouse, Vice President 2018-08-07 Newhouse Broadcasting Corporation, By: /s/ Michael A. Newhouse, Executive Vice President 2018-08-07 Advance Publications, Inc., By: /s/ Michael A. Newhouse, Co-President 2018-08-07 Newhouse Family Holdings, L.P., By: Advance Long Term Management Trust, as General Partner, By: /s/ Michael A. Newhouse, Trustee 2018-08-07 Advance Long-Term Management Trust, By: /s/ Michael A. Newhouse, Trustee 2018-08-07