Glenn Schiffman - May 25, 2021 Form 4 Insider Report for IAC/InterActiveCorp (IAC)

Role
EVP & CFO
Signature
Tanya Stanich as Attorney-in-Fact for Glenn H. Schiffman
Stock symbol
IAC
Transactions as of
May 25, 2021
Transactions value $
$0
Form type
4
Date filed
5/27/2021, 04:37 PM
Previous filing
May 17, 2021
Next filing
Jun 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 +34.6K 34.6K May 25, 2021 Direct 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 Options to Purchase Common Stock, par value $0.0001 Other $0 +151K $0.00 151K May 25, 2021 Common Stock, par value $0.0001 151K $9.31 Direct F2
transaction IAC Options to Purchase Common Stock, par value $0.0001 Other $0 +150K $0.00 150K May 25, 2021 Common Stock, par value $0.0001 150K $15.45 Direct F2
transaction IAC Options to Purchase Common Stock, par value $0.0001 Other $0 +80K $0.00 80K May 25, 2021 Common Stock, par value $0.0001 80K $31.01 Direct F2
transaction IAC Restricted Stock Units Other $0 +278K $0.00 278K May 25, 2021 Common Stock, par value $0.0001 278K $0.00 Direct F3, F4
* 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") pre-market on May 25, 2021.
F2 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.
F3 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.
F4 Represents restricted stock units that vest in one lump sum installment on February 15, 2025, subject to continued service, and with partial vesting upon certain terminations of employment.