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QVC Group, Inc. — Director's Dealing 2021
Dec 14, 2021
34089_dirs_2021-12-14_8ad3b2ba-b970-4cc7-9aed-344310391a86.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Qurate Retail, Inc. (QRTEA)
CIK: 0001355096
Period of Report: 2021-12-10
Reporting Person: Rawlinson David (President/CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-10 | Series A Common Stock | M | 66152.0000 | — | Acquired | 66152.0000 | Direct |
| 2021-12-10 | Series A Common Stock | F | 28763.0000 | $8.1200 | Disposed | 37389.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-10 | Restricted Stock Units - QRTEA | $ | M | 66152.0000 | Disposed | Series A Common Stock (66152.0000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) - QRTEA | $8.9800 | 2028-08-18 | Series A Common Stock (1333184.0000) | 1333184.0000 | Direct |
Footnotes
F1: Each restricted stock unit converted into one share of Series A Common Stock.
F2: Each restricted stock unit represents a contingent right to receive one share of Series A Common Stock.
F3: This restricted stock unit award vested 13% on December 10, 2021, and will vest 29% on each of December 10, 2022, December 10, 2023, and December 10, 2024.
F4: On November 4, 2021, the Issuer announced that its board of directors declared a special cash dividend in the amount of $1.25 per common share payable on November 22, 2021, to all holders of record of the Issuer's common stock at the close of business on November 15, 2021 (the "Dividend"). This stock option award was previously reported as an option relating to 1,185,053 shares of the Issuer's Series A common stock at an exercise price of $10.50 per share and was adjusted as a result of the Dividend. In connection with the Dividend, all common stock options held by the reporting person were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the reporting person received an adjustment to (i) the exercise price and (ii) the number of shares relating to such option. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
F5: This stock option award vests 50% on December 31, 2023, and 50% on December 31, 2024.