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*
ADVANCE/NEWHOUSE PARTNERSHIP

(Last) (First) (Middle)
6350 COURT STREET

(Street)
EAST SYRACUSE NY 13057-1211

(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)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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
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
Call option (obligation to sell) $371.5202 02/26/2021 P/K 554,118 (1)(2) (1)(2) Common Stock 554,118 (1)(2) 945,882 D
Call option (obligation to sell) $371.5202 02/26/2021 P/K 554,141 (1)(3) (1)(3) Common Stock 554,141 (1)(3) 945,859 D
Put option (right to sell) $247.486 02/26/2021 S/K 554,118 (1)(2) (1)(2) Common Stock 554,118 (1)(2) 945,882 D
Put option (right to sell) $247.486 02/26/2021 S/K 554,141 (1)(3) (1)(3) Common Stock 554,141 (1)(3) 945,859 D
1. Name and Address of Reporting Person*
ADVANCE/NEWHOUSE PARTNERSHIP

(Last) (First) (Middle)
6350 COURT STREET

(Street)
EAST SYRACUSE NY 13057-1211

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ADVANCE LONG-TERM MANAGEMENT TRUST

(Last) (First) (Middle)
C/O ROBINSON MILLER LLC
ONE NEWARK CENTER, 19TH FLOOR

(Street)
NEWARK NJ 07102

(City) (State) (Zip)
1. Name and Address of Reporting Person*
NEWHOUSE BROADCASTING CORP

(Last) (First) (Middle)
6350 COURT STREET

(Street)
EAST SYRACUSE NY 13057-1211

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ADVANCE PUBLICATIONS, INC

(Last) (First) (Middle)
950 FINGERBOARD ROAD

(Street)
STATEN ISLAND NY 10305

(City) (State) (Zip)
1. Name and Address of Reporting Person*
NEWHOUSE FAMILY HOLDINGS, L.P.

(Last) (First) (Middle)
ONE WORLD TRADE CENTER

(Street)
NEW YORK NY 10007

(City) (State) (Zip)
Explanation of Responses:
1. On August 6, 2018, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 6,000,000 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 6,000,000 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.
2. On February 26, 2021, A/N early terminated a portion of the Transactions, with expiration dates running from August 16, 2021 to August 31, 2021, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 554,118 shares of Class A Common Stock, and, in connection with this termination, 554,118 Units were released from the related pledge. Pursuant to this termination, A/N paid $130,695,746.22 in cash to the unaffiliated bank counterparty.
3. Also on February 26, 2021, A/N early terminated an additional portion of the Transactions, with expiration dates running from August 16, 2021 to August 31, 2021, inclusive, and an equivalent portion of the corresponding credit facility. The terminated Transactions covered 554,141 shares of Class A Common Stock, and, in connection with this termination, 554,141 Units were released from the related pledge. Pursuant to this termination, A/N paid $130,689,832.55 in cash to the unaffiliated bank counterparty.
Remarks:
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.
Advance/Newhouse Partnership, /s/ Oren Klein, Chief Financial Officer 03/02/2021
Newhouse Broadcasting Corporation, /s/ Oren Klein, Chief Financial Officer 03/02/2021
Advance Publications, Inc., /s/ Oren Klein, Chief Financial Officer 03/02/2021
Newhouse Family Holdings, L.P., Advance Long Term Management Trust, as General Partner, /s/ Michael A. Newhouse, Trustee 03/02/2021
Advance Long-Term Management Trust, /s/ Michael A. Newhouse, Trustee 03/02/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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