Claudius E. Watts IV - Apr 1, 2022 Form 4 Insider Report for CommScope Holding Company, Inc. (COMM)

Role
Director
Signature
/s/Michael D. Coppin, under a Power of Attorney
Stock symbol
COMM
Transactions as of
Apr 1, 2022
Transactions value $
$0
Form type
4
Date filed
4/5/2022, 04:15 PM
Previous filing
Mar 14, 2022
Next filing
Aug 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COMM Common Stock Options Exercise $0 +44K +8.8% $0.00 544K Apr 1, 2022 Direct F1, 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 -44K -22.22% $0.00 154K Apr 1, 2022 Common Stock 44K $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 October 1, 2020, the reporting person was granted 220,000 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 10/01/2020 to 10/01/2024. On July 27, 2021, the $20.00 stock price hurdle was achieved and, on April 1, 2022, the continued employment requirement was met, resulting in vesting of 44,000 performance share units. The reporting person declined the opportunity to have shares withheld to cover taxes incurred in connection with the vesting of the performance share units and, instead, personally paid the required tax obligation in cash.
F2 As previously reported, includes (a) 66,667 restricted stock units that were granted on 10/01/2020 and will vest ratably on 10/01/2022 and 10/01/2023, and (b) 78,400 restricted stock units that were granted on 03/01/2022 and will vest ratably on 06/01/2023, 06/01/2024 and 06/01/2025, 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 10/01/2020 to 10/01/2024.