Maria Bruzzese Form 3 Altice USA / Maria Bruzzese ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Bruzzese Maria

(Last) (First) (Middle)

1 COURT SQUARE WEST

(Street)

LONG ISLAND CITY NY 11101

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/30/2022

3. Issuer Name and Ticker or Trading Symbol
Altice USA, Inc. [ ATUS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Accounting Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	162,047(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: 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
Stock Option (Right to Buy)	06/27/2021	06/27/2028	Class A Common Stock	14,226	17.57	D
Stock Option (Right to Buy)	06/26/2022	06/26/2029	Class A Common Stock	10,382	24.08	D
Stock Option (Right to Buy)	06/26/2022	07/31/2029	Class A Common Stock	9,824	25.45	D
Performance Stock Units	(2)	(3)	Class A Common Stock	7,358	(2)	D
Performance Stock Units	(4)	(3)	Class A Common Stock	17,929	(4)	D
Stock Option (Right to Buy)	(5)	01/29/2030	Class A Common Stock	85,000	28.36	D
Stock Option (Right to Buy)	(6)	12/29/2031	Class A Common Stock	61,375	15.78	D

Explanation of Responses:

1. Includes shares of Class A common stock owned and restricted share units that were granted in December 2021 pursuant to the Amended and Restated Altice USA 2017 Long Term Incentive Plan, as amended (the "Plan"). Each restricted share unit represents a contingent right to receive one share of the Issuer's Class A common stock. The restricted share units vest in equal installments on each of December 29, 2022, 2023 and 2024.

2. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's Class A common stock. The PSUs vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $50 per share.

3. The PSUs will be forfeited if the applicable performance measure is not achieved prior to January 29, 2026 or if the Reporting Person does not continue to provide services to the Issuer through the achievement date of the applicable performance measure.

4. Each PSU represents a contingent right to receive one share of the Issuer's Class A common stock. The PSUs vest on the day following the date on which the 30-day volume weighted average market price of the Issuer's Class A common stock equals or exceeds $60 per share

5. These Options were granted pursuant to the Plan, and vested 50% on December 27, 2021 and will vest 25% on December 27, 2022 and 25% on December 27, 2023.

6. These Options were granted pursuant to the Plan and are scheduled to vest in equal installments on each of December 29, 2022, 2023 and 2024.

	/s/ Maria Bruzzese	10/11/2022
	** 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 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).
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