ZIFF DAVIS, INC. - 14 Jun 2022 Form 4 Insider Report for Consensus Cloud Solutions, Inc. (CCSI)

Role: 10%+ Owner
Signature: /s/ Jeremy Rossen
Issuer symbol: CCSI
Transactions as of: 14 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 16 Jun 2022, 13:24:37 UTC
Previous filing: 12 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCSI	Common Stock	Other		-2,000,000	-50%		1,960,607	14 Jun 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	1. On June 14, 2022, Ziff Davis, Inc. ("Ziff Davis") completed a debt-for-equity exchange (the "Exchange"), pursuant to which Ziff Davis exchanged 2,000,000 shares of common stock of Consensus Cloud Solutions, Inc. ("Consensus") for the prepayment of $78,263,155 principal amount and $46,845 of accrued and unpaid interest through but not including June 14, 2022 of certain term loans that Ziff Davis borrowed from J.P. Morgan Securities LLC and Citicorp North America, Inc. under an amendment to its Credit Agreement, dated as of April 7, 2021, which reflected consideration of $39.155 per share of Consensus common stock. Immediately following the Exchange, Ziff Davis retained 1,960,607 shares of Consensus common stock.

Content

1. On June 14, 2022, Ziff Davis, Inc. ("Ziff Davis") completed a debt-for-equity exchange (the "Exchange"), pursuant to which Ziff Davis exchanged 2,000,000 shares of common stock of Consensus Cloud Solutions, Inc. ("Consensus") for the prepayment of $78,263,155 principal amount and $46,845 of accrued and unpaid interest through but not including June 14, 2022 of certain term loans that Ziff Davis borrowed from J.P. Morgan Securities LLC and Citicorp North America, Inc. under an amendment to its Credit Agreement, dated as of April 7, 2021, which reflected consideration of $39.155 per share of Consensus common stock. Immediately following the Exchange, Ziff Davis retained 1,960,607 shares of Consensus common stock.