SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Schiffman Glenn

(Last) (First) (Middle)
C/O IAC/INTERACTIVECORP
555 WEST 18TH STREET

(Street)
NEW YORK NY 10011

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IAC/InterActiveCorp [ IAC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & CFO
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Common Stock, par value $0.001 06/30/2020 J(1) 4,586 A $0 4,586 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Options to Purchase Common Stock, par value $0.001 $13.9885 06/30/2020 J(2) 151,000 06/30/2020(2) 04/07/2026(2) Common Stock, par value $0.001 151,000 $0 151,000 D
Options to Purchase Common Stock, par value $0.001 $23.2225 06/30/2020 J(2) 150,000 06/30/2020(2) 02/14/2027(2) Common Stock, par value $0.001 150,000 $0 150,000 D
Options to Purchase Common Stock, par value $0.001 $46.6068 06/30/2020 J(2) 80,000 06/30/2020(2) 03/02/2028(2) Common Stock, par value $0.001 80,000 $0 80,000 D
Restricted Stock Units(3) $0 06/30/2020 J(3) 58,833 06/30/2020(3) 02/12/2024(3) Common Stock, par value $0.001 58,833 $0 58,833 D
Explanation of Responses:
1. Represents shares of IAC/InterActiveCorp common stock, par value $0.001 ("Common Stock"), acquired by the reporting person in connection with the separation of Match Group, Inc. ("Match Group") from IAC /InterActiveCorp ("IAC") on June 30, 2020.
2. Represents stock options acquired by the reporting person in connection with the separation of Match Group from IAC on June 30, 2020.
3. Represents performance-based restricted stock units that vest on any day during the five year period following the grant date after the average closing trading price price per share of Common Stock over a period of 10 consecutive trading equals or exceeds $101.98, subject to the reporting person's employment on the date the performance requirement is satisfied. Shares of Common Stock acquired upon the vesting of these performance-based restricted stock units may not be sold until the earlier of: (x) one year from the vesting date or (y) the original term of the award (five years).
Tanya M. Stanich as Attorney-in-Fact for Glenn H. Schiffman 07/02/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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