Filing Details

Accession Number:
0001104659-17-038203
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-06-08 17:18:14
Reporting Period:
2017-06-06
Filing Date:
2017-06-08
Accepted Time:
2017-06-08 17:18:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1434621 Lendingtree Inc. TREE Retail-Catalog & Mail-Order Houses (5961) 1231
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1355096 Liberty Interactive Corp 12300 Liberty Boulevard
Englewood CO 80112
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-06-06 450,000 $170.70 3,223,989 No 4 P Indirect By Wholly-Owned Subsidiary
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Wholly-Owned Subsidiary
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Forward Sale Contract (Obligation to Sell) Acquisiton 2017-06-06 642,850 $0.00 642,850 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
642,850 Yes 4 J Indirect
Footnotes
  1. The balance was increased by 2 additional shares from the Form 3 filed August 28, 2008 as a result of rounding in connection with the receipt of shares by the reporting person in connection with the spin-off by IAC/InterActiveCorp of LendingTree, Inc. ("TREE"), which was completed on August 20, 2008.
  2. On June 6, 2017, the reporting person entered into a forward sale transaction with a financial institution (the "Counterparty") with respect to 642,850 shares (the "Number of Shares") of common stock of TREE (the "Common Stock"). The reporting person pledged the Number of Shares to secure its obligations under the transaction, and retained dividend and voting rights in such pledged shares. The transaction will settle on a cash settlement basis or, at the election of the reporting person with the consent of the Counterparty, on a physical settlement basis. The transaction will settle in twenty components over twenty consecutive trading days beginning on or about May 17, 2019.
  3. In the case of cash settlement, on the relevant settlement date for each component: (i) if the volume weighted average price per share of Common Stock on the valuation date for such component is lower than $128.0250 (the "Floor Price"), the Counterparty shall pay the reporting person (in cash) the difference multiplied by the Number of Shares, (ii) if the volume weighted average price per share of Common Stock on the valuation date for such component is higher than $211.6680 (the "Cap Price"), the reporting person shall pay the Counterparty (in cash) the difference multiplied by the Number of Shares, and (iii) if the volume weighted average price per share of Common Stock on the valuation date for such component is greater than or equal to the Floor Price but less than or equal to the Cap Price, no amount will be payable.