| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CHTR | Call option (obligation to sell) | Purchase | -722 K | -40.42% | 1.06 M | Feb 18, 2022 | Common Stock | 722 K | $475.20 | Direct | F1, F2 | ||
| transaction | CHTR | Call option (obligation to sell) | Purchase | -542 K | -40.42% | 799 K | Feb 18, 2022 | Common Stock | 542 K | $475.20 | Direct | F1, F3 | ||
| transaction | CHTR | Call option (obligation to sell) | Purchase | -181 K | -40.42% | 266 K | Feb 18, 2022 | Common Stock | 181 K | $475.20 | Direct | F1, F4 | ||
| transaction | CHTR | Put option (right to sell) | Sale | -722 K | -40.42% | 1.06 M | Feb 18, 2022 | Common Stock | 722 K | $327.73 | Direct | F1, F2 | ||
| transaction | CHTR | Put option (right to sell) | Sale | -542 K | -40.42% | 799 K | Feb 18, 2022 | Common Stock | 542 K | $327.73 | Direct | F1, F3 | ||
| transaction | CHTR | Put option (right to sell) | Sale | -181 K | -40.42% | 266 K | Feb 18, 2022 | Common Stock | 181 K | $327.73 | Direct | F1, F4 |
| Id | Content |
|---|---|
| F1 | On July 30, 2019, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 3,950,000 Class B Common Units of Charter Communications Holdings, LLC ("Units") to provide financial flexibility to support its ongoing estate planning and its investment program and for other general corporate purposes. A/N entered into Share Collar Transactions (the "Transactions") with unaffiliated banks, pursuant to which A/N wrote European call options and purchased European put options over an aggregate of 3,950,000 shares of Class A common stock (the "Common Stock") of Charter Communications, Inc. (the "Issuer"). Under the agreement, the Transactions may be settled in cash unless A/N elects physical settlement, in which case it expects to exchange Units for Class A Common Stock sufficient to satisfy its obligations under the Transactions. |
| F2 | On February 18, 2022, A/N early terminated a portion of the Transactions, with expiration dates running from August 15, 2022 to September 6, 2022, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 722,404 shares of Class A Common Stock, and, in connection with this termination, 722,404 Units were released from the related pledge. Pursuant to this termination, A/N paid $102,945,581.97 in cash to the unaffiliated bank counterparty. |
| F3 | Also on February 18, 2022, A/N early terminated an additional portion of the Transactions, with expiration dates running from August 15, 2022 to September 6, 2022, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 541,801 shares of Class A Common Stock, and, in connection with this termination, 541,801 Units were released from the related pledge. Pursuant to this termination, A/N paid $77,198,461.30 in cash to the unaffiliated bank counterparty. |
| F4 | Also on February 18, 2022, A/N early terminated an additional portion of the Transactions, with expiration dates running from August 15, 2022 to September 6, 2022, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 180,600 shares of Class A Common Stock, and, in connection with this termination, 180,600 Units were released from the related pledge. Pursuant to this termination, A/N paid $25,732,772.94 in cash to the unaffiliated bank counterparty. |
Each of Newhouse Broadcasting Corporation, Advance Publications, Inc., Newhouse Family Holdings, L.P. and Advance Long-Term Management Trust may be deemed to beneficially own the call options and put options held by A/N and reported in Table II due to their control of A/N.