Maria Bruzzese - Sep 30, 2022 Form 3 Insider Report for Altice USA, Inc. (ATUS)

Role
Chief Accounting Officer
Signature
/s/ Maria Bruzzese
Stock symbol
ATUS
Transactions as of
Sep 30, 2022
Transactions value $
$0
Form type
3
Date filed
10/11/2022, 07:13 AM
Next filing
Dec 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ATUS Class A Common Stock 162K Sep 30, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ATUS Stock Option (Right to Buy) Sep 30, 2022 Class A Common Stock 14.2K $17.57 Direct
holding ATUS Stock Option (Right to Buy) Sep 30, 2022 Class A Common Stock 10.4K $24.08 Direct
holding ATUS Stock Option (Right to Buy) Sep 30, 2022 Class A Common Stock 9.82K $25.45 Direct
holding ATUS Performance Stock Units Sep 30, 2022 Class A Common Stock 7.36K Direct F2, F3
holding ATUS Performance Stock Units Sep 30, 2022 Class A Common Stock 17.9K Direct F3, F4
holding ATUS Stock Option (Right to Buy) Sep 30, 2022 Class A Common Stock 85K $28.36 Direct F5
holding ATUS Stock Option (Right to Buy) Sep 30, 2022 Class A Common Stock 61.4K $15.78 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of Class A common stock owned and restricted share units that were granted in December 2021 pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended (the "Plan"). Each restricted share unit represents a contingent right to receive one share of the Issuer's Class A common stock. The restricted share units vest in equal installments on each of December 29, 2022, 2023 and 2024.
F2 Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A common stock. The PSUs vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $50 per share.
F3 The PSUs will be forfeited if the applicable performance measure is not achieved prior to January 29, 2026 or if the Reporting Person does not continue to provide services to the Issuer through the achievement date of the applicable performance measure.
F4 Each PSU represents a contingent right to receive one share of the Issuer's Class A common stock. The PSUs vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $60 per share
F5 These Options were granted pursuant to the Plan, and vested 50% on December 27, 2021 and will vest 25% on December 27, 2022 and 25% on December 27, 2023.
F6 These Options were granted pursuant to the Plan and are scheduled to vest in equal installments on each of December 29, 2022, 2023 and 2024.