Kyle David Lorentzen - Jan 4, 2022 Form 4 Insider Report for CommScope Holding Company, Inc. (COMM)

Role
EVP & CFO
Signature
/s/Michael D. Coppin, under a Power of Attorney
Stock symbol
COMM
Transactions as of
Jan 4, 2022
Transactions value $
-$100,820
Form type
4
Date filed
1/7/2022, 12:17 PM
Previous filing
Dec 3, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COMM Common Stock Options Exercise $0 +12.4K +11.86% $0.00 117K Jan 4, 2022 Direct F1, F2
transaction COMM Common Stock Tax liability -$101K -8.67K -7.42% $11.63 108K Jan 4, 2022 Direct F2

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 COMM Performance Share Units Options Exercise $0 -12.4K -10% $0.00 111K Jan 4, 2022 Common Stock 12.4K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 4, 2021, the reporting person was granted 123,800 performance share units, which vest upon the achievement of certain hurdles relating to the issuer's stock price ranging from a low of $15 to a high of $40, and the reporting person's continued employment with the issuer, over the four-year period from 01/04/2021 to 01/04/2025. On March 31, 2021, the $15.00 stock price hurdle was achieved and, on January 4, 2022, the continued employment requirement was met, resulting in vesting of 12,380 performance share units.
F2 As previously reported, includes (a) 41,267 restricted stock units that were granted on 01/04/2021 and will vest equally on 01/04/2023 and 01/04/2024, and (b) 17,500 restricted stock units that were granted on 12/01/2021 and will vest in three equal installments on 12/01/2022, 12/02/2023 and 12/01/2024, each subject to the reporting person's continued employment with the issuer.
F3 Each performance share unit reflects the right to receive one share of common stock. The performance share units vest upon the achievement of certain hurdles relating to the issuer's stock price ranging from a low of $15 to a high of $40, and the reporting person's continued employment with the issuer, over the four-year period from 01/04/2021 to 01/04/2025.