Barry Diller - Nov 12, 2021 Form 4 Insider Report for IAC/InterActiveCorp (IAC)

Role
Chairman & Senior Executive, Director
Signature
Tanya M. Stanich as Attorney-in-Fact for Barry Diller
Stock symbol
IAC
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/16/2021, 04:14 PM
Previous filing
Nov 15, 2021
Next filing
Dec 1, 2021

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
transaction IAC Class B Common Stock, par value $0.0001 Other -1.22M -74.01% 429K Nov 12, 2021 Common Stock, par value $0.0001 1.22M $0.00 Direct F1, F2, F3
transaction IAC Class B Common Stock, par value $0.0001 Other +1.09M +29.64% 4.79M Nov 12, 2021 Common Stock, par value $0.0001 1.09M $0.00 Through trusts (for the benefit of members of the reporting person's family) F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of IAC Class B common stock are convertible at the option of the holder on a one-for-one basis into shares of IAC common stock at any time and do not have an expiration date. Each share of IAC Class B common stock is entitled to ten votes per share and each share of IAC common stock is entitled to one vote per share.
F2 Represents a transfer by Mr. Diller of (i) 1,094,412 shares of IAC Class B common stock to trusts for the benefit of certain of his family members and for which Mr. Diller serves as an investment advisor (the "Descendants Trusts"), and (ii) 127,486 shares of IAC Class B common stock to a trust for the benefit of certain of his family members and for which Mr. Diller's stepson, Alexander von Furstenberg, serves as an investment advisor (the "TALT Trust"), in each case, in connection with the long-term estate planning of Mr. Diller and his family.
F3 In connection with the transfers of shares of IAC Class B common stock referred to in footnote (2) above, (i) the Descendants Trusts transferred an aggregate of 221,949 shares of common stock of Vimeo, Inc. and 5,994,667 shares of Class B common stock of Vimeo, Inc., to the Reporting Person and (ii) the TALT Trust transferred 724,167 shares of Class B common stock of Vimeo, Inc., to the Reporting Person.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney