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Expedia Group, Inc. — Director's Dealing 2017
Jun 15, 2017
17835_dirs_2017-06-14_f96b7a61-c775-48d2-bffb-f27ff0895f1f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Expedia, Inc. (EXPE)
CIK: 0001324424
Period of Report: 2017-06-13
Reporting Person: Liberty Expedia Holdings, Inc. (Director, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-13 | 1% exchangeable sr. debentures due 2047 (obligation to sell) | $ | S | Disposed | 2047-06-30 | Common Stock (2062640) | Direct |
Footnotes
F1: On June 13, 2017, the reporting person sold, pursuant to a purchase agreement, $400,000,000 aggregate principal amount of its 1.0% exchangeable senior debentures due 2047 (the "Debentures") in a private sale pursuant to Rule 144A. Each $1,000 principal amount of Debentures is initially exchangeable for 5.1566 shares of the issuer's common stock, par value $0.0001 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 July 5, 2022, or prior thereto following the occurrence of a "fundamental change," and the Debentures may be redeemed by the reporting person, in whole or in part, on or after July 5, 2022.