Justin C. Choi - May 3, 2022 Form 4 Insider Report for CommScope Holding Company, Inc. (COMM)

Role
SVP, Chief Legal Officer & Sec
Signature
/s/Justin C. Choi
Stock symbol
COMM
Transactions as of
May 3, 2022
Transactions value $
-$75,491
Form type
4
Date filed
5/5/2022, 04:03 PM
Previous filing
Mar 3, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COMM Common Stock Options Exercise $0 +22.7K +15.66% $0.00 167K May 3, 2022 Direct F1, F2
transaction COMM Common Stock Tax liability -$75.5K -11.8K -7.05% $6.39 156K May 3, 2022 Direct F2, F3

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 -22.7K -30% $0.00 52.9K May 3, 2022 Common Stock 22.7K $0.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 3, 2021, the reporting person was granted 75,600 performance share units, which vest upon the achievement of certain hurdles relating to the issuer's stock price ranging from a low of $17.50 to a high of $40, and the reporting person's continued employment with the issuer, over the period from 05/03/2021 to 10/01/2024. On July 27, 2021, each of the $17.50 stock price hurdle and the $20.00 stock price hurdle was achieved and, on May 3, 2022, the continued employment requirement was met, resulting in vesting of 22,680 performance share units.
F2 As previously reported, includes (a) 35,267 restricted stock units that were granted on 05/03/2021 and will vest ratably on 05/03/2023 and 05/03/2024, and (b) 52,100 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 Reflects shares withheld to cover taxes incurred upon the vesting of the performance share units and restricted stock units.
F4 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 $17.50 to a high of $40, and the reporting person's continued employment with the issuer, over the period from 05/03/2021 to 10/01/2024.