SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Winfrey Christopher L

(Last) (First) (Middle)
C/O CHARTER COMMUNICATIONS, INC.
400 ATLANTIC STREET

(Street)
STAMFORD CT 06901

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHARTER COMMUNICATIONS, INC. /MO/ [ CHTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/05/2020 M 117,664(1) A $60.96 149,917 D
Class A Common Stock 05/05/2020 F 64,702(2) D $516.9 85,215 D
Class A Common Stock 05/05/2020 M 50,428(1) A $60.96 135,643 D
Class A Common Stock 05/05/2020 F 27,730(2) D $516.93 107,913 D
Class A Common Stock 05/05/2020 S 19,552(3) D $516.44(4) 88,361 D
Class A Common Stock 05/06/2020 S 9,239(3) D $508.51(4) 79,122 D
Class A Common Stock 05/06/2020 M 45,845(1) A $60.96 45,845 I Shares held by Christopher L. Winfrey 2018 GRAT II
Class A Common Stock 05/06/2020 F 5,536(5) D $504.849 40,309 I Shares held by Christopher L. Winfrey 2018 GRAT II
Class A Common Stock 05/06/2020 M 19,647(1) A $60.96 59,956 I Shares held by Christopher L. Winfrey 2018 GRAT II
Class A Common Stock 05/06/2020 F 2,373(5) D $504.917 57,583 I Shares held by Christopher L. Winfrey 2018 GRAT II
Class A Common Stock 27,126 I Shares held by Atalaya Management, LLC
Class A Common Stock 34,908 I Shares held by Winfrey Dynasty Trust
Class A Common Stock 34,909 I Shares held by Yeniley L Winfrey Irrevocable Trust
Class A Common Stock 945 I Shares held by Yeniley Lorenzo Winfrey Rev Tr U/A DTD 07/27/2001
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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 Options $60.96 05/05/2020 M 117,664 (1)(6) 04/26/2021 Class A Common Stock 117,664 $0 0 D
Stock Options $60.96 05/05/2020 M 50,428 (1)(7) 04/26/2021 Class A Common Stock 50,428 $0 0 D
Stock Options $60.96 05/06/2020 M 45,845 (1)(6) 04/26/2021 Class A Common Stock 45,845 $0 0 I Shares held by Christopher L. Winfrey 2018 GRAT II
Stock Options $60.96 05/06/2020 M 19,647 (1)(7) 04/26/2021 Class A Common Stock 19,647 $0 0 I Shares held by Christopher L. Winfrey 2018 GRAT II
Explanation of Responses:
1. To address the near-term expiration of ten-year performance-based and ten-year time-based stock options, the reporting person exercised options granted in 2011 under the Charter Communications, Inc. 2009 Stock Incentive Plan.
2. Withholding of securities for the purpose of paying the exercise price and paying taxes.
3. Based on an estimate of the tax withholding obligation, a portion of May 5, 2020 net settled shares held directly by Mr. Winfrey were sold to fund tax withholding obligations related to the net settlement exercise of 45,845 ten-year performance-based stock options and 19,647 ten-year time-based options held by the Christopher L. Winfrey 2018 GRAT II reported herein. The total net effect of direct and indirect holding of stock options exercised on May 5 and 6, 2020 was that, after settlement of the exercise price and taxes, the residual value of the option exercises to Mr. Winfrey's direct and indirect holdings was over 99% delivered in Charter stock versus cash.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $516.25 to $517.32, inclusive, for sales on May 5, 2020 and prices ranging from $507.00 to $510.335, inclusive, for sales on May 6, 2020. The reporting person undertakes to provide Charter Communications, Inc., any security holder of Charter Communications, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
5. Withholding of securities for the purpose of paying the exercise price.
6. Performance-vesting stock options granted on April 26, 2011 under the Charter Communications, Inc. 2009 Stock Incentive Plan. The options became fully exercisable on November 1, 2013.
7. Time-vesting stock options granted on April 26, 2011 under the Charter Communications, Inc. 2009 Stock Incentive Plan. The options became fully exercisable on November 1, 2013.
Remarks:
/s/Daniel J. Bollinger as attorney-in-fact for Christopher L. Winfrey 05/07/2020
** Signature of Reporting Person Date
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