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CHARTER COMMUNICATIONS, INC. /MO/ — Director's Dealing 2020
Aug 27, 2020
30080_dirs_2020-08-27_594f2486-dbde-498c-8fd2-882c7be34156.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CHARTER COMMUNICATIONS, INC. /MO/ (CHTR)
CIK: 0001091667
Period of Report: 2020-08-27
Reporting Person: Liberty Broadband Corp (Director, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-08-27 | 2.75% Exchangeable Sr. Dbnt. due 2050 (obligation to sell) | $ | S | Disposed | 2050-09-30 | Class A Common Stock (670507) | Direct |
Footnotes
F1: On August 27, 2020, the reporting person sold, pursuant to a purchase agreement, $575,000,000 aggregate principal amount of its 2.75% exchangeable senior debentures due 2050 (the "Debentures") in a private sale pursuant to Rule 144A. Each $1,000 principal amount of Debentures is initially exchangeable for 1.1661 shares of the issuer's Class A common stock, par value $0.001 per share (the "Common Stock"). Upon exchange at the option of the holder or a purchase of the Debentures pursuant to a holder's put right, the reporting person may elect physical or cash settlement, or a combination thereof.
F2: Each Debenture is exchangeable at the option of the holder during specified periods as set forth in the Remarks section. Holders of the Debentures may put them to the reporting person on October 5, 2023, or prior thereto following the occurrence of a "fundamental change," and the Debentures may be redeemed by the reporting person, (i) in whole or in part, on or after October 5, 2023 at any time, or (ii) in whole, but not in part, prior to October 5, 2023, after the occurrence of certain conditions or events.