Sec Form 4/A Filing - Next Alt S.a.r.l. @ Altice USA, Inc. - 2018-02-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
Next Alt S.a.r.l.
2. Issuer Name and Ticker or Trading Symbol
Altice USA, Inc. [ ATUS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
5 RUE EUGENE RUPPERT
3. Date of Earliest Transaction (MM/DD/YY)
02/13/2018
(Street)
GRAND DUCHY OF LUXEMBOURG, N4L-2453
4. If Amendment, Date Original Filed (MM/DD/YY)
02/15/2018
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
Class A common stock 02/13/2018 X 2,295 ( 1 ) D 46,174,784 I Neptune Holding US LP ( 3 ) ( 4 )
Class A common stock 5,281,258 ( 7 ) I CVC 3 B.V. ( 3 ) ( 4 )
Class A common stock 7,526,349 I UpperNext S.C.S.p ( 4 ) ( 5 )
Class A common stock 1,000 I A4 S.A. ( 4 ) ( 6 )
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
Put Right ( 2 ) 02/13/2018 X 2,295 ( 2 ) ( 2 ) Class A common stock 2,295 $ 0 46,174,784 I Neptune Holding US LP ( 3 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Next Alt S.a.r.l.
5 RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4L-2453
X X
Drahi Patrick
5 RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4L-2453
X X
Altice N.V.
PRINS BERNHARDPLEIN 200
AMSTERDAM, P71097 JB
X X
A4 S.A.
5 RUE EUGENE RUPPERT
GRAND DUCHY OF LUXEMBOURG, N4L-2453
X
CVC 3 B.V.
PRINS BERNHARDPLEIN 200
AMSTERDAM, P71097 JB
X X
Signatures
/s/ David Connolly, Attorney-in-Fact for Next Alt. S.a r.l. 03/08/2018
Signature of Reporting Person Date
/s/ David Connolly, Attorney-in-Fact for Patrick Drahi 03/08/2018
Signature of Reporting Person Date
/s/ David Connolly, Attorney-in-Fact for Altice N.V. 03/08/2018
Signature of Reporting Person Date
/s/ David Connolly, Attorney-in-Fact for A4 S.A. 03/08/2018
Signature of Reporting Person Date
/s/ David Connolly, Attorney-in-Fact for CVC 3 B.V. 03/08/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares distributed to a former employee following settlement into Class A common stock of Class B-2 Units held by such person.
( 2 )Neptune Holding US Limited Partnership ("Neptune Holding US LP") has an obligation to settle Class A Units and vested Class C and B-2 Units in either Class A common stock or a cash payment equivalent thereto.
( 3 )As of the date of this report, CVC 3 B.V. ("CVC 3") holds more than 10% of the Class A common stock of the Issuer on an as converted basis. Altice N.V. owns an indirect controlling interest in CVC 3. Mr. Drahi, Next Alt S.a r.l. ("Next Alt") and Altice N.V. may each be deemed to beneficially own the shares of the Issuer owned by CVC 3. CVC 3 is the sole member of Neptune Holding US GP LLC, which is the sole general partner of Neptune Holdings US LP. As such, Mr. Drahi, Next Alt, Altice N.V. and CVC 3 may each be deemed to beneficially own shares of the Issuer held by Neptune Holding US LP.
( 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 )Patrick Drahi is the sole controlling shareholder of Uppernext S.C.S.p ("Uppernext"). As such, Mr. Drahi may be deemed to beneficially own shares of the Issuer held by Uppernext.
( 6 )Next Alt is a personal holding company of Mr. Drahi, who is its controlling shareholder. As of the original date of this report, Next Alt is holder of 64.07% of the share capital and voting rights of Altice N.V. Altice N.V. maintains a one-tier board of three executive board members and three non-executive board members. The executive board members are appointed by shareholders at the general meeting at the binding nomination of Next Alt. A4 S.A., which is controlled by the family of Mr. Drahi, is an executive board member of Altice N.V. Altice N.V. and A4 S.A. are parties to a stockholders agreement with the Company pursuant to which they have certain rights to appoint directors of the Issuer.
( 7 )This amendment is being filed solely to correct the number of shares held by CVC 3.

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