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QVC Group, Inc. — Director's Dealing 2021
Mar 17, 2021
34089_dirs_2021-03-17_72ac659a-e8c9-406b-9e5c-bac597877f1a.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: 2021-03-15
Reporting Person: DIAS FIONA P (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-15 | Dividend Equivalent Rights - QRTEA | $ | A | 42.0000 | Acquired | Series A Common Stock (42.0000) | Direct |
Footnotes
F1: On February 18, 2021, the Issuer announced that its board of directors declared a quarterly cash dividend in the amount of $2.00 per share on each outstanding share of its 8.0% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock") payable on March 15, 2021 to all holders of record as of 5:00 p.m., New York City time, on March 1, 2021 (the "Dividend"). The dividend equivalent rights accrued on restricted stock units with respect to the Issuer's Preferred Stock ("Original RSUs") held by the reporting person as a result of the Dividend and are subject to the same terms and conditions (including vesting and expiration) as the Original RSUs to which they relate. Each dividend equivalent right entitles the reporting person to receive one share of the Issuer"s Series A common stock. The grant of dividend equivalent rights was approved by the Issuer's board of directors pursuant to Rule 16b-3.
F2: Each dividend equivalent right vests upon the reporting person's termination of service to the Issuer's board of directors.
F3: Each dividend equivalent right expires upon the reporting person's termination of service to the Issuer's board of directors.