1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Class B Common Stock, p/v $0.0001/share, of Clearwire Corp
|
Â
(3)
|
Â
(3)
|
Class A Common Stock, p/v $0.0001/share, of Clearwire Corp
|
52,500,000
(1)
(2)
(4)
(5)
|
$
(3)
|
I
|
See foonotes
(1)
(2)
(5)
|
Class B Common Units of Clearwire Communications, LLC
|
Â
(3)
|
Â
(3)
|
Class A Common Stock, p/v $0.0001/share, of Clearwire Corp
|
52,500,000
(1)
(2)
(4)
(5)
|
$
(3)
|
I
|
See footnotes
(1)
(2)
(5)
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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). |
(1) |
Certain wholly owned subsidiaries of Comcast Corporation ("Comcast") have entered into an Equityholders' Agreement dated as
of November 28, 2008 (the "Equityholders' Agreement") with Clearwire Corporation (the "Issuer") and the other parties
thereto (collectively, the "Unaffiliated Stockholders"). |
(2) |
By virtue of the Equityholders' Agreement, Comcast and the Unaffiliated Stockholders may be deemed to be members of a group
under Section 13(d) of the Securities Exchange Act of 1934, as amended, that, in the aggregate, beneficially owns more than
10% of the Issuer's outstanding shares of Class A Common Stock. The number securities of the Issuer and Clearwire
Communications, LLC, a subsidiary of the Issuer ("Clearwire LLC"), beneficially owned by Comcast as reported herein does not
include the holdings of any Unaffiliated Stockholders. Comcast does not have any "pecuniary interest" in the securities of
the Issuer or any of its subsidiaries owned by the Unaffiliated Stockholders. |
(3) |
Subject to certain limited exceptions, beginning on the date that is 181 days after the closing (the "Closing") of the
transactions contemplated by that certain Transaction Agreement and Plan of Merger dated as of May 7, 2008 among Comcast and
the other parties thereto (the "Transaction Agreement"), each share of Class B Common Stock of the Issuer, together with one
Class B Common Unit of Clearwire LLC (a "Class B Common Unit"), is exchangeable at any time, at the option of the holder,
into one fully paid and nonassessable share of Class A Common Stock of the Issuer and has no expiration date. |
(4) |
Comcast received the shares of Class B Common Stock and Class B Common Units reported in Table II pursuant to the Transaction
Agreement in exchange for a $1.05 billion investment in Clearwire LLC and based upon a purchase price of $20.00 per share.
The number of shares of Class B Common Stock and Class B Common Units that Comcast is entitled to receive pursuant to the
Transaction Agreement is subject to a post-closing adjustment based upon the trading price of Class A Common Stock on NASDAQ
over 15 randomly-selected trading days during the 30-day trading period ending on the 90th day after the Closing. The
aggregate number of shares of Class B Common Stock and Class B Common Units that Comcast ultimately receives for its
investment will be equal to its investment amount divided by the volume weighted average price on those randomly selected
days. The volume-weighted price is subject to a cap of $23.00 per share and a floor of $17.00 per share. |
(5) |
The shares of Class B Common Stock and Class B Common Units reported in Table II are owned indirectly by Comcast through
wholly owned subsidiaries. |