Key facts
- This page summarizes Michael A. George's Form 4 filing for Qurate Retail, Inc. (QVCGA).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 14 Dec 2021, 16:21.
Michael A. George - 10 Dec 2021 Form 4 Insider Report for Qurate Retail, Inc. (QVCGA)
- Reporting relationship
- Director
- Issuer ticker
- QVCGA
- Reported as of
- 10 Dec 2021
- Net transaction value
- -$1,494,860
- SEC form
- 4
- Accepted by SEC
- 14 Dec 2021, 16:21:58 UTC
- Prior SEC filing
- 03 Nov 2021
- Next SEC filing
- 11 Jan 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Brittany A. Uthoff as Attorney-in-Fact for Michael A. George
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael A. George filed Form 4 for Qurate Retail, Inc. (QVCGA) on 14 Dec 2021.
Change
- Previous filing in this sequence was filed on 03 Nov 2021.
- Current net transaction value: -$1,494,860.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
QRTEA
transaction
Series A Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +423,403
- Change %
- +23%
- Price
- $0.000000
- Shares after
- 2,236,332
- Date
- 10 Dec 2021
- Ownership
- Direct
- Footnotes
- F1
QRTEA
transaction
Series A Common Stock
Tax liability
- Transaction value
- $1,494,860
- Shares
- -184,096
- Change %
- -8.2%
- Price
- $8.12
- Shares after
- 2,052,236
- Date
- 10 Dec 2021
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
QRTEA
transaction
Derivative
Restricted Stock Units - QRTEA
Options Exercise
- Transaction value
- $0
- Shares
- -423,403
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 10 Dec 2021
- Ownership
- Direct
- Underlying class
- Series A Common Stock
- Underlying amount
- 423,403
- Exercise price
- Footnotes
- F2
QRTEA
holding
Derivative
Stock Option (right to buy) - QRTEA
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,184,334
- Date
- 10 Dec 2021
- Ownership
- Direct
- Underlying class
- Series A Common Stock
- Underlying amount
- 1,184,334
- Exercise price
- $10.77
- Footnotes
- F2, F3
QRTEA
holding
Derivative
Stock Option (right to buy) - QRTEA
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 3,458,652
- Date
- 10 Dec 2021
- Ownership
- Direct
- Underlying class
- Series A Common Stock
- Underlying amount
- 3,458,652
- Exercise price
- $12.62
- Footnotes
- F2, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Each restricted stock unit converted into one share of Series A Common Stock.
Footnote F2
Each restricted stock unit represents a contingent right to receive one share of Series A Common Stock.
Footnote F3
This stock option award was previously reported as an option relating to 947,754 shares of the Issuer's Series A common stock at an exercise price of $13.51 per share and was adjusted as a result of the Dividends (as defined in the Remarks section). In connection with the Dividends, all common stock options held by the reporting person were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the reporting person received an adjustment to (i) the exercise price and (ii) the number of shares relating to such option. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended ("Rule 16b-3").
Footnote F4
This stock option award was previously reported as an option relating to 2,757,029 shares of the Issuer's Series A common stock at an exercise price of $15.84 per share and was adjusted as a result of the Dividends. In connection with the Dividends, all common stock options held by the reporting person were adjusted pursuant to the anti-dilution provisions of the incentive plan under which such award was granted, such that the reporting person received an adjustment to (i) the exercise price and (ii) the number of shares relating to such option. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3.
SEC remarks
On November 20, 2020, the Issuer announced that its board of directors declared a special cash dividend in the amount of $1.50 per common share payable on December 7, 2020, to all holders of record of the Issuer's common stock at the close of business on November 30, 2020 (the "2020 Dividend"). On November 4, 2021, the Issuer announced that its board of directors declared a special cash dividend in the amount of $1.25 per common share payable on November 22, 2021, to all holders of record of the Issuer's common stock at the close of business on November 15, 2021 (the "2021 Dividend" and together with the 2020 Dividend, the "Dividends").