Glenn H. Schiffman - 25 May 2021 Form 4 Insider Report for IAC/InterActiveCorp (IAC)

Role: EVP & CFO
Signature: Tanya Stanich as Attorney-in-Fact for Glenn H. Schiffman
Issuer symbol: IAC
Transactions as of: 25 May 2021
Net transactions value: $0
Form type: 4
Filing time: 27 May 2021, 16:37:26 UTC
Previous filing: 17 May 2021
Next filing: 17 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IAC	Common Stock, par value $0.0001	Other		+34,608			34,608	25 May 2021	Direct	F1

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	Options to Purchase Common Stock, par value $0.0001	Other	$0	+151,000		$0.000000	151,000	25 May 2021	Common Stock, par value $0.0001	151,000	$9.31	Direct	F2
transaction	IAC	Options to Purchase Common Stock, par value $0.0001	Other	$0	+150,000		$0.000000	150,000	25 May 2021	Common Stock, par value $0.0001	150,000	$15.45	Direct	F2
transaction	IAC	Options to Purchase Common Stock, par value $0.0001	Other	$0	+80,000		$0.000000	80,000	25 May 2021	Common Stock, par value $0.0001	80,000	$31.01	Direct	F2
transaction	IAC	Restricted Stock Units	Other	$0	+277,529		$0.000000	277,529	25 May 2021	Common Stock, par value $0.0001	277,529	$0.000000	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Reflects shares of IAC common stock, par value $0.0001, received in respect of shares of IAC common stock, par value $0.001, in connection with a reclassification effected in connection with (and immediately preceding) the spin-off by IAC of Vimeo, Inc. (the "Spin-Off") pre-market on May 25, 2021.
F2	In connection with the Spin-Off, IAC stock options were converted into IAC and Vimeo, Inc. stock options, with adjustments (to maintain pre- and post-Spin-Off values) to, in the case of IAC stock options, the per share exercise prices to reflect the Spin-Off. These previously granted stock options have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-off. Reflects IAC stock options, as adjusted on the basis described immediately above.
F3	Reflects previously granted IAC restricted stock units with adjustments (to maintain pre- and post-Spin-Off values) to the number of shares of IAC common stock underlying such awards, to reflect the Spin-Off. These previously granted awards have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-Off.
F4	Represents restricted stock units that vest in one lump sum installment on February 15, 2025, subject to continued service, and with partial vesting upon certain terminations of employment.