0001387131-20-001014.txt : 20200205
0001387131-20-001014.hdr.sgml : 20200205
20200205082918
ACCESSION NUMBER: 0001387131-20-001014
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200204
FILED AS OF DATE: 20200205
DATE AS OF CHANGE: 20200205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ADVANCE/NEWHOUSE PARTNERSHIP
CENTRAL INDEX KEY: 0001106770
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33664
FILM NUMBER: 20576432
BUSINESS ADDRESS:
STREET 1: 5015 CAMPUSWOOD DR.
CITY: EAST SYRACUSE
STATE: NY
ZIP: 13057
BUSINESS PHONE: 3154637675
MAIL ADDRESS:
STREET 1: 5015 CAMPUSWOOD DR.
CITY: EAST SYRACUSE
STATE: NY
ZIP: 13057
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ADVANCE LONG-TERM MANAGEMENT TRUST
CENTRAL INDEX KEY: 0001455381
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33664
FILM NUMBER: 20576433
BUSINESS ADDRESS:
STREET 1: FOUR TIMES SQUARE
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: 212-381-7000
MAIL ADDRESS:
STREET 1: FOUR TIMES SQUARE
CITY: NEW YORK
STATE: NY
ZIP: 10036
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: NEWHOUSE BROADCASTING CORP
CENTRAL INDEX KEY: 0000914545
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0731
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33664
FILM NUMBER: 20576434
BUSINESS ADDRESS:
STREET 1: 5015 CAMPUSWOOD DRIVE
CITY: SYRACUSE
STATE: NY
ZIP: 13057
BUSINESS PHONE: 212-692-4400
MAIL ADDRESS:
STREET 1: C/O SABIN BERMANT & GOULD
STREET 2: 350 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ADVANCE PUBLICATIONS, INC
CENTRAL INDEX KEY: 0000914546
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33664
FILM NUMBER: 20576435
BUSINESS ADDRESS:
STREET 1: 950 FINGERBOARD ROAD
CITY: STATEN ISLAND
STATE: NY
ZIP: 10305
BUSINESS PHONE: 7189811234
MAIL ADDRESS:
STREET 1: 950 FINGERBOARD ROAD
CITY: STATEN ISLAND
STATE: NY
ZIP: 10305
FORMER NAME:
FORMER CONFORMED NAME: ADVANCE PUBLICATIONS INC
DATE OF NAME CHANGE: 19931108
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: NEWHOUSE FAMILY HOLDINGS, L.P.
CENTRAL INDEX KEY: 0001455383
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33664
FILM NUMBER: 20576436
BUSINESS ADDRESS:
STREET 1: FOUR TIMES SQUARE
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: 212-381-7000
MAIL ADDRESS:
STREET 1: FOUR TIMES SQUARE
CITY: NEW YORK
STATE: NY
ZIP: 10036
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CHARTER COMMUNICATIONS, INC. /MO/
CENTRAL INDEX KEY: 0001091667
STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841]
IRS NUMBER: 841496755
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 400 ATLANTIC STREET
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-905-7800
MAIL ADDRESS:
STREET 1: 400 ATLANTIC STREET
CITY: STAMFORD
STATE: CT
ZIP: 06901
FORMER COMPANY:
FORMER CONFORMED NAME: CHARTER COMMUNICATIONS INC /MO/
DATE OF NAME CHANGE: 19990723
4
1
ownership.xml
OWNERSHIP DOCUMENT
X0306
4
2020-02-04
0
0001091667
CHARTER COMMUNICATIONS, INC. /MO/
CHTR
0001106770
ADVANCE/NEWHOUSE PARTNERSHIP
6350 COURT STREET
EAST SYRACUSE
NY
13057-1211
1
0
1
0
0001455381
ADVANCE LONG-TERM MANAGEMENT TRUST
C/O ROBINSON MILLER LLC
ONE NEWARK CENTER, 19TH FLOOR
NEWARK
NJ
07102
0
0
1
0
0000914545
NEWHOUSE BROADCASTING CORP
6350 COURT STREET
EAST SYRACUSE
NY
13057-1211
0
0
1
0
0000914546
ADVANCE PUBLICATIONS, INC
950 FINGERBOARD ROAD
STATEN ISLAND
NY
10305
0
0
1
0
0001455383
NEWHOUSE FAMILY HOLDINGS, L.P.
ONE WORLD TRADE CENTER
NEW YORK
NY
10007
0
0
1
0
Call option (obligation to sell)
643.0830
2020-02-04
4
S
1
2100000
D
Common Stock
2100000
2100000
D
Call option (obligation to sell)
643.0830
2020-02-04
4
S
1
1000000
D
Common Stock
1000000
1000000
D
Call option (obligation to sell)
643.0830
2020-02-04
4
S
1
600000
D
Common Stock
600000
600000
D
Call option (obligation to sell)
643.0830
2020-02-04
4
S
1
300000
D
Common Stock
300000
300000
D
Put option (right to sell)
445.4935
2020-02-04
4
P
1
2100000
A
Common Stock
2100000
2100000
D
Put option (right to sell)
445.4935
2020-02-04
4
P
1
1000000
A
Common Stock
1000000
1000000
D
Put option (right to sell)
445.4935
2020-02-04
4
P
1
600000
A
Common Stock
600000
600000
D
Put option (right to sell)
445.4935
2020-02-04
4
P
1
300000
A
Common Stock
300000
300000
D
On February 4, 2020, Advance/Newhouse Partnership ("A/N") established a credit facility backed by an equity collar transaction and an aggregate of 4,000,000 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 4,000,000 shares of Class A common stock (the "Common Stock") of Charter Communications, Inc. (the "Issuer"). The Transactions will 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.
The Transaction expires evenly over a series of expiration dates from August 12, 2024 to September 5, 2024, inclusive.
On the relevant expiration date, the call option will automatically be exercised (and the put option will expire unexercised) if the volume weighted average price of the Common Stock on the relevant expiration date (the "Reference Price") is greater than or equal to the call option strike price; the put option will automatically be exercised (and the call option will expire unexercised) if the Reference Price is less than or equal to the put option strike price; and the call option and the put option will each expire unexercised if the Reference Price is greater than the put option strike price but less than the call option strike price.
The Transaction is a "zero-cost collar", in which no premium was exchanged for either the call option or the put option.
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.
/s/ Oren Klein
2020-02-04
/s/ Michael A. Newhouse
2020-02-04
/s/ Oren Klein
2020-02-04
/s/ Oren Klein
2020-02-04
/s/ Michael A. Newhouse
2020-02-04