Sec Form 4 Filing - DOLAN CHARLES F @ CABLEVISION SYSTEMS CORP /NY - 2016-06-21

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
DOLAN CHARLES F
2. Issuer Name and Ticker or Trading Symbol
CABLEVISION SYSTEMS CORP /NY [ CVC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) X __ Other (specify below)
Chairman/Member of 13D Group
(Last) (First) (Middle)
C/O DOLAN FAMILY OFFICE, 340 CROSSWAYS PARK DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
06/21/2016
(Street)
WOODBURY, NY11797
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Cablevision NY Group Class A Common Stock 06/21/2016 D( 1 ) 827,702 ( 2 ) D $ 34.9 ( 3 ) ( 4 ) 0 D ( 5 ) ( 6 )
Cablevision NY Group Class A Common Stock 06/21/2016 D( 1 ) 1,465,384 D $ 34.9 ( 3 ) 0 I ( 5 ) ( 7 ) By CFD 2009 Revocable Trust
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Cablevision NY Group Class B Common Stock ( 8 ) 05/19/2016 G V 1,136,429 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 1,136,429 $ 0 ( 9 ) 8,141,462 I ( 5 ) ( 10 ) By CFD 2015 GRAT #1C
Cablevision NY Group Class B Common Stock ( 8 ) 05/19/2016 G V 1,136,429 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 1,136,429 $ 0 ( 9 ) 2,552,224 I ( 5 ) ( 7 ) By CFD 2009 Revocable Trust
Cablevision NY Group Class B Common Stock ( 8 ) 05/19/2016 G V 828,914 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 828,914 $ 0 ( 9 ) 5,938,401 I ( 11 ) ( 12 ) By HAD 2015 GRAT #1C
Cablevision NY Group Class B Common Stock ( 8 ) 05/19/2016 G V 828,914 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 828,914 $ 0 ( 9 ) 1,861,599 I ( 11 ) ( 13 ) By HAD 2009 Revocable Trust
Cablevision NY Group Class B Common Stock ( 8 ) 06/21/2016 D( 1 ) 2,552,224 ( 14 ) ( 8 ) Cablevision NY Group Class A Common Stock 2,552,224 $ 34.9 ( 3 ) 0 I ( 5 ) ( 7 ) By CFD 2009 Revocable Trust
Cablevision NY Group Class B Common Stock ( 8 ) 06/21/2016 D( 1 ) 1,861,599 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 1,861,599 $ 34.9 ( 3 ) 0 I ( 11 ) ( 13 ) By HAD 2009 Revocable Trust
Cablevision NY Group Class B Common Stock ( 8 ) 06/21/2016 D( 1 ) 8,141,462 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 8,141,462 $ 34.9 ( 3 ) 0 I ( 5 ) ( 10 ) By CFD 2015 Grantor Retained Annuity Trust #1C
Cablevision NY Group Class B Common Stock ( 8 ) 06/21/2016 D( 1 ) 5,938,401 ( 8 ) ( 8 ) Cablevision NY Group Class A Common Stock 5,938,401 $ 34.9 ( 3 ) 0 I ( 11 ) ( 12 ) By HAD 2015 Grantor Retained Annuity Trust #1C
Options (Right to Buy) $ 13.93 06/21/2016 D( 1 ) 1,747,600 03/06/2013 03/06/2022 Cablevision NY Group Class A Common Stock 1,747,600 ( 15 ) 0 D ( 5 ) ( 6 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DOLAN CHARLES F
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE
WOODBURY, NY11797
X X Chairman Member of 13D Group
DOLAN HELEN A
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE
WOODBURY, NY11797
X Member of 13D Group
Charles F. Dolan 2015 Grantor Retained Annuity Trust #1C
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE
WOODBURY, NY11797
Member of 13D Group
Helen A. Dolan 2015 Grantor Retained Annuity Trust #1C
C/O DOLAN FAMILY OFFICE
340 CROSSWAYS PARK DRIVE
WOODBURY, NY11797
Member of 13D Group
Signatures
/s/ Renzo Mori, Attorney-in-Fact for Charles F. Dolan 06/21/2016
Signature of Reporting Person Date
/s/ Renzo Mori, Attorney-in-Fact for Helen A. Dolan 06/21/2016
Signature of Reporting Person Date
Charles F. Dolan 2015 Grantor Retained Annuity Trust #1C, By: /s/ Renzo Mori, Attorney-in-Fact 06/21/2016
Signature of Reporting Person Date
Helen A. Dolan 2015 Grantor Retained Annuity Trust #1C, By: /s/ Renzo Mori, Attorney-in-Fact 06/21/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Disposition pursuant to the terms of the Agreement and Plan of Merger, dated as of September 16, 2015 (the "Merger Agreement"), by and among Cablevision Systems Corporation, Altice N.V. and Neptune Merger Sub Corp.
( 2 )Includes restricted shares.
( 3 )At the Effective Time (as defined in the Merger Agreement), each outstanding share of the issuer's Class A and Class B Common Stock beneficially owned by the reporting persons immediately prior to the Effective Time was cancelled and converted into the right to receive $34.90 in cash (the "per share merger consideration"), without interest.
( 4 )Pursuant to the terms of the Merger Agreement, at the Effective Time, each restricted share held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, equal to the per share merger consideration of $34.90, exempt under Rule 16b-3.
( 5 )Helen A. Dolan disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that she was, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
( 6 )Securities held directly by Charles F. Dolan and indirectly by his spouse, Helen A. Dolan.
( 7 )Charles F. Dolan is the sole trustee and beneficiary of the Charles F. Dolan 2009 Revocable Trust.
( 8 )Cablevision NY Group Class B Common Stock (the "Class B Common Stock") of the Issuer was convertible at the option of the holder on a share for share basis into Cablevision NY Group Class A Common Stock (the "Class A Common Stock") of the Issuer.
( 9 )Gift
( 10 )These securities are owned solely by the Charles F. Dolan 2015 Grantor Retained Annuity Trust #1C. Charles F. Dolan is the sole trustee and beneficiary of the trust.
( 11 )Charles F. Dolan disclaims beneficial ownership of these securities and this report shall not be deemed to be an admission that he was, for purposes of Section 16 or for any other purpose, the beneficial owner of such securities.
( 12 )These securities are owned solely by the Helen A. Dolan 2015 Grantor Retained Annuity Trust #1C. Helen A. Dolan is the sole trustee and beneficiary of the trust.
( 13 )Helen A. Dolan is the sole trustee and beneficiary of the Helen A. Dolan 2009 Revocable Trust.
( 14 )Options were vested prior to the Effective Time.
( 15 )Pursuant to the terms of the Merger Agreement, at the Effective Time, each stock option held by the reporting person immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the per share merger consideration of $34.90 over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes, exempt under Rule 16b-3.

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