Statement of Changes in Beneficial Ownership (4)
28 May 2021 - 7:32AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Next Alt S.a.r.l. |
2. Issuer Name and Ticker or Trading Symbol
Altice USA, Inc.
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ATUS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
5, RUE EUGENE RUPPERT |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/25/2021 |
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(Street)
GRAND DUCHY OF LUXEMBOURG, N4 L-2453
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Class A common stock | 5/25/2021 | | S | | 2350000 | D | $37.21 | 34719305 | D | |
| Class A common stock | 5/25/2021 | | J(5) | | 1560161 | D | $37.21 | 33159144 | D | |
| Class A common stock | 5/25/2021 | | M | | 600604 | A | $17.445 | 6631501 | I | Uppernext S.C.S.p (1)(4) |
| Class A common stock | 5/25/2021 | | F | | 287608 | D | $36.43 | 6343893 | I | Uppernext S.C.S.p (1)(4) |
| Class A common stock | | | | | | | | 260000 | I | Altice CVC Lux S.a r.l. (2)(4) |
| Class A common stock | | | | | | | | 1000 | I | A4 S.A. (3)(4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Stock Option (right to buy) Class A com-mon stock | $17.445 | 5/25/2021 | | M | | 600604 | | 12/21/2021 | 12/30/2027 | Class A common stock | 600604 | $0 | 0 | I | Uppernext S.C.S.p (1)(4) |
| Explanation of Responses: |
| (1) | Next Alt S.a r.l. ("Next Alt") is an indirect wholly-owned and controlled personal holding company of Patrick Drahi. Uppernext S.C.S.p ("Uppernext") is a wholly-owned and controlled personal holding company of Patrick Drahi. Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Next Alt and Uppernext. |
| (2) | Altice CVC Lux S.a r.l. ("Altice CVC") is an indirect, wholly-owned and controlled company of Patrick Drahi and Next Alt. Mr. Drahi and Next Alt may be deemed to beneficially own shares of the Issuer held by Altice CVC. |
| (3) | A4 S.A. ("A4") is a company controlled by the family of Patrick Drahi. Mr. Drahi is a director of the Issuer and Next Alt and A4 are parties to a stockholders agreement with the Issuer pursuant to which they have certain rights to appoint directors of the Issuer. |
| (4) | Each Reporting Person disclaims beneficial ownership of all interests reported on this Form 4 except to the extent of such Reporting Person's pecuniary interests. |
| (5) | Shares were disposed of in a private transaction to satisfy a monetary obligation of Next Alt. |
Remarks:
Exhibit 24.1 - Power of Attorney for Next Alt S.a r.l.; Exhibit 24.2 - Power of Attorney for Patrick Drahi; Exhibit 24.3 - Power of Attorney for A4 S.A. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Next Alt S.a.r.l.
5, RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4 L-2453 | X | X |
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Drahi Patrick
5, RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4 L-2453 |
| X |
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A4 S.A.
5, RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4 L-2453 |
| X |
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Signatures
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| /s/ Jeremie Bonnin, attorney in fact for Next Alt S.a r.l. | | 5/27/2021 |
| **Signature of Reporting Person | Date |
| /s/ Jeremie Bonnin, attorney in fact for Patrick Drahi | | 5/27/2021 |
| **Signature of Reporting Person | Date |
| /s/ Jeremie Bonnin, attorney in fact for A4 S.A. | | 5/27/2021 |
| **Signature of Reporting Person | Date |
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