Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SCOR | Series B Convertible Preferred Stock | Disposed to Issuer | -$1.58Q | -27.5M | -100% | $57,500,000.00* | 0 | May 16, 2023 | Common Stock | 29.3M | By wholly-owned subsidiary | F1, F2 |
Qurate Retail, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | Subject to certain anti-dilution adjustments and customary provisions related to partial dividend periods, the Series B Convertible Preferred Stock is convertible at the option of the holders at any time into a number of shares of Common Stock equal to the Conversion Rate (as defined in the Certificate of Designations for the Series B Convertible Preferred Stock), which was originally one-to-one, but was approximately 1.067 on the date hereof as a result of accrued but unpaid dividends. The Conversion Rate will continue to adjust to the extent there are accrued but unpaid dividends. Each holder of Series B Convertible Preferred Stock will receive cash in lieu of fractional shares (if any). The Series B Convertible Preferred Stock has no expiration date. |
F2 | The shares of Series B Convertible Preferred Stock that were previously reported as directly held by the Reporting Person are now held indirectly through a wholly-owned subsidiary. |