Barry Diller - May 25, 2021 Form 4 Insider Report for IAC/InterActiveCorp (IAC)

Role
Chairman & Senior Executive, Director
Signature
Tanya M. Stanich as Attorney-in-Fact for Barry Diller
Stock symbol
IAC
Transactions as of
May 25, 2021
Transactions value $
$0
Form type
4
Date filed
5/27/2021, 04:33 PM
Previous filing
May 18, 2021
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IAC Common Stock, par value $0.0001 Other +173K 173K May 25, 2021 Direct F1
transaction IAC Common Stock, par value $0.0001 Other +137K 137K May 25, 2021 Through trusts (for the benefit of the reporting person's family) F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IAC Class B Common Stock, par value $0.0001 Other $0 +1.65M $0.00 1.65M May 25, 2021 Common Stock, par value $0.0001 1.65M $0.00 Direct F2, F3
transaction IAC Class B Common Stock, par value $0.0001 Other $0 +3.69M $0.00 3.69M May 25, 2021 Common Stock, par value $0.0001 3.69M $0.00 Through trusts (for the benefit of members of the reporting person's family) F2, F3
transaction IAC Options to Purchase Common Stock, par value $0.0001 Other $0 +500K $0.00 500K May 25, 2021 Common Stock, par value $0.0001 500K $13.71 Direct F4
transaction IAC Options to Purchase Common Stock, par value $0.0001 Other $0 +500K $0.00 500K May 25, 2021 Common Stock, par value $0.0001 500K $17.14 Direct F4
transaction IAC Restricted Stock Units Other $0 +361K $0.00 361K May 25, 2021 Common Stock, par value $0.0001 361K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of IAC common stock, par value $0.0001, received in respect of shares of IAC common stock, par value $0.001, in connection with a reclassification effected in connection with (and immediately preceding) the spin-off by IAC of Vimeo, Inc. (the "Spin-Off") on May 25, 2021.
F2 Reflects shares of IAC Class B common stock, par value $0.0001, received in respect of shares of IAC Class B common stock, par value $0.001, in connection with a reclassification effected in connection with (and immediately preceding) the Spin-Off on May 25, 2021.
F3 Shares of IAC Class B common stock are convertible at the option of the holder on a one-for-one basis into shares of IAC common stock at any time and do not have an expiration date. Each share of IAC Class B common stock is entitled to ten votes per share and each share of IAC common stock is entitled to one vote per share.
F4 In connection with the Spin-Off, IAC stock options were converted into IAC and Vimeo, Inc. stock options, with adjustments (to maintain pre- and post-Spin-Off values) to, in the case of IAC stock options, the per share exercise prices to reflect the Spin-Off. These previously granted stock options have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-off. Reflects IAC stock options, as adjusted on the basis described immediately above.
F5 Reflects previously granted IAC restricted stock units with adjustments (to maintain pre- and post-Spin-Off values) to the number of shares of IAC common stock underlying such awards, to reflect the Spin-Off. These previously granted awards have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-Off.
F6 Represents restricted stock units that vest in one lump sum installment on November 5, 2025, subject to continued service, and with partial vesting upon certain terminations of employment.