James Gallagher - 09 Mar 2023 Form 4 Insider Report for AMC Networks Inc. (AMCX)

Role
EVP and General Counsel
Signature
/s/ Anne G. Kelly, Attorney-in-Fact for James Gallagher
Issuer symbol
AMCX
Transactions as of
09 Mar 2023
Net transactions value
-$249,574
Form type
4
Filing time
15 Mar 2023, 17:47:57 UTC
Previous filing
23 Feb 2023
Next filing
17 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMCX AMC Networks Inc. Class A Common Stock Options Exercise +9,095 +32% 37,962 09 Mar 2023 Direct F1
transaction AMCX AMC Networks Inc. Class A Common Stock Tax liability $67,643 -3,476 -9.2% $19.46 34,486 09 Mar 2023 Direct F2
transaction AMCX AMC Networks Inc. Class A Common Stock Options Exercise +7,412 +21% 41,898 09 Mar 2023 Direct F3
transaction AMCX AMC Networks Inc. Class A Common Stock Tax liability $76,380 -3,925 -9.4% $19.46 37,973 09 Mar 2023 Direct F4
transaction AMCX AMC Networks Inc. Class A Common Stock Options Exercise +10,192 +27% 48,165 09 Mar 2023 Direct F5
transaction AMCX AMC Networks Inc. Class A Common Stock Tax liability $105,551 -5,424 -11% $19.46 42,741 09 Mar 2023 Direct F6

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 AMCX Restricted Stock Units Options Exercise -9,095 -100% 0 09 Mar 2023 AMC Networks Inc. Class A Common Stock 9,095 Direct F1
transaction AMCX Restricted Stock Units Options Exercise -7,412 -50% 7,412 09 Mar 2023 AMC Networks Inc. Class A Common Stock 7,412 Direct F3
transaction AMCX Restricted Stock Units Options Exercise -10,192 -33% 20,386 09 Mar 2023 AMC Networks Inc. Class A Common Stock 10,192 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") was granted on March 8, 2020 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2021 and one-third of the RSUs vested and were settled on March 9, 2022. The remaining one-third of the RSUs vested and were settled on March 9, 2023.
F2 Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 1 above, exempt under Rule 16b-3.
F3 Each RSU was granted on March 12, 2021 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2022 and one-third of the RSUs vested and were settled on March 9, 2023. The remaining one-third of the RSUs will vest on March 9, 2024.
F4 Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 3 above.
F5 Each RSU was granted on March 10, 2022 under the AMC Networks Inc. 2016 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on March 9, 2023. The remaining two-thirds of the RSUs will vest as follows: one-third on March 9, 2024 and one-third on March 9, 2025.
F6 Represents RSUs of AMC Networks Inc. withheld to satisfy tax withholding obligations in connection with the vesting of RSUs described in footnote 5 above, exempt under Rule 16b-3.