Eric Michael Lardy - Aug 16, 2021 Form 4 Insider Report for Cable One, Inc. (CABO)

Role: SVP, Operations & Integration
Signature: /s/ Peter N. Witty for Eric Michael Lardy
Stock symbol: CABO
Transactions as of: Aug 16, 2021
Transactions value $: -$1,436,047
Form type: 4
Date filed: 8/19/2021, 08:32 AM
Next filing: Jan 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CABO	Common Stock, par value $0.01	Options Exercise	$620K	+1K	+65.19%	$619.66	2.53K	Aug 16, 2021	Direct
transaction	CABO	Common Stock, par value $0.01	Disposed to Issuer	-$620K	-304	-12%	$2,039.01	2.23K	Aug 16, 2021	Direct	F1
transaction	CABO	Common Stock, par value $0.01	Sale	-$1.44M	-696	-31.21%	$2,063.00	1.53K	Aug 16, 2021	Direct

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	CABO	Stock Appreciation Rights	Options Exercise	$0	-1K	-25%	$0.00	3K	Aug 16, 2021	Common Stock, par value $0.01	1K	$619.66	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This represents the difference between the number of SARs exercised (1,000) and the number of shares issued as a result of the exercise (696). Each SAR represents the right, upon exercise, to receive a number of shares of Common Stock equal in value to the amount, if any, by which the fair market value of Common Stock (as determined on the date of the exercise) exceeds the exercise price.
F2	The Reporting Person was granted 4,000 SARs on January 3, 2017. The SARs vested and became exercisable as to 25% of the number of underlying shares covered by the grant on each of the first four anniversaries of the date of grant.