Sec Form 4 Filing - Bruzzese Maria @ Altice USA, Inc. - 2023-03-01

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
Bruzzese Maria
2. Issuer Name and Ticker or Trading Symbol
Altice USA, Inc. [ ATUS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Accounting Officer
(Last) (First) (Middle)
1 COURT SQUARE WEST
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2023
(Street)
LONG ISLAND CITY, NY11101
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 03/01/2023 A 25,827 ( 1 ) A 271,225 D
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
Stock Option (Right to Buy) $ 15.78 03/01/2023 D 61,375 ( 4 ) 12/29/2031 Class A common stock 61,375 ( 2 ) ( 3 ) 0 D
Stock Option (Right to Buy) $ 17.57 03/01/2023 D 14,226 ( 5 ) 06/27/2028 Class A common stock 14,226 ( 2 ) ( 3 ) 0 D
Stock Option (Right to Buy) $ 28.36 03/01/2023 D 85,000 ( 6 ) 01/29/2030 Class A common stock 85,000 ( 2 ) ( 3 ) 0 D
Stock Option (Right to Buy) $ 24.08 03/01/2023 D 10,382 ( 7 ) 06/26/2029 Class A common stock 10,382 ( 2 ) ( 3 ) 0 D
Stock Option (Right to Buy) $ 25.45 03/01/2023 D 9,824 ( 7 ) 07/31/2029 Class A common stock 9,824 ( 2 ) ( 3 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bruzzese Maria
1 COURT SQUARE WEST
LONG ISLAND CITY, NY11101
Chief Accounting Officer
Signatures
/s/ Maria Bruzzese 03/03/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents restricted share units ("RSUs") granted pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended (the "Plan"). Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs vest in equal installments on each of March 1, 2024 and 2025.
( 2 )On March 1, 2023, the Issuer cancelled, pursuant to the Issuer's stock option exchange program, (i) stock options to purchase 61,375 shares of the Issuer's Class A common stock granted to the Reporting Person on December 29, 2021, (ii) stock options to purchase 14,226 shares of the Issuer's Class A common stock granted to the Reporting Person on June 27, 2018, (iii) stock options to purchase 85,000 shares of the Issuer's Class A common stock granted to the Reporting Person on January 29, 2020, (iv) stock options to purchase 10,382 shares of the Issuer's Class A common stock granted to the Reporting Person on June 26, 2019 and (v) stock options to purchase 9,824 shares of the Issuer's Class A common stock granted to the Reporting Person on July 31, 2019.
( 3 )In exchange for the cancelled stock options, the Reporting Person received 25,827 RSUs and $258,306 of deferred cash denominated awards ("DCAs"). The RSUs and DCAs will vest in equal installments on each of March 1, 2024 and 2025, subject to the Reporting Person's continued employment with the Issuer on the vesting date.
( 4 )These stock options provided for vesting in equal installments on each of December 29, 2022, 2023 and 2024.
( 5 )These stock options vested on June 27, 2021.
( 6 )These stock options provided for vesting 50% on December 27, 2021, 25% on December 27, 2022 and 25% on December 27, 2023.
( 7 )These stock options vested on June 26, 2022.

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