Liberty Broadband Corp - Oct 3, 2023 Form 4 Insider Report for CHARTER COMMUNICATIONS, INC. /MO/ (CHTR)

Role
Director, 10%+ Owner
Signature
Liberty Broadband Corporation By: /s/ Brittany A. Uthoff Name: Brittany A. Uthoff Title: Vice President
Stock symbol
CHTR
Transactions as of
Oct 3, 2023
Transactions value $
$2,006,000
Form type
4
Date filed
10/5/2023, 04:13 PM
Previous filing
May 18, 2023
Next filing
Oct 17, 2023

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 CHTR 1.25% Exch. Senior Debentures due 2050 (obligation to sell) Purchase $2M $6K Oct 3, 2023 Class A Common Stock 2.22K Direct F1, F2, F3
transaction CHTR 1.25% Exch. Senior Debentures due 2050 (obligation to sell) Purchase $6K $0 Oct 3, 2023 Class A Common Stock 7 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each $1,000 principal amount of 1.25% exchangeable senior debentures due 2050 issued by the reporting person (the "1.25% Debentures") was exchangeable for 1.1111 shares of the Issuer's Class A common stock, par value $0.001 per share (the "Common Stock"), settled only in cash based on the value of the shares of Common Stock. As described in footnotes 2 through 4 below, the reporting person repurchased $2,000,000 principal amount of the 1.25% Debentures and redeemed the $6,000 principal amount of the 1.25% Debentures that remained outstanding.
F2 Prior to such repurchase and redemption, each 1.25% Debenture was exchangeable at the option of the holder during specified periods. Holders of the 1.25% Debentures were permitted to put them to the reporting person on October 5, 2023, or prior thereto following the occurrence of a "fundamental change," and the 1.25% Debentures were redeemable by the reporting person, (i) in whole or in part, on or after October 5, 2023 at any time, or (ii) in whole, but not in part, prior to October 5, 2023, after the occurrence of certain conditions or events.
F3 On October 3, 2023, the reporting person became obligated to repurchase, pursuant to a cash purchase offer, $2,000,000 principal amount of the 1.25% Debentures. On October 5, 2023, holders of the 1.25% Debentures received payment of $1,000 for each $1,000 principal amount of the 1.25% Debentures accepted for purchase, plus accrued and unpaid interest in the amount of $0.17.
F4 On October 3, 2023, the reporting person became obligated to redeem $6,000 principal amount of the 1.25% Debentures. On October 5, 2023, holders of the 1.25% Debentures received payment of $1,000 for each $1,000 principal amount of the 1.25% Debentures redeemed, plus accrued and unpaid interest in the amount of $0.17.