Cablevision 2011 Annual Report Download - page 39

(33)
CSC Holdings may make distributions on its membership interests only if sufficient funds exist as
determined under Delaware law.
Cablevision's and CSC Holdings' senior notes and debentures restrict the amount of dividends and
distributions in respect of any shares of capital stock that can be made.
Recent Sales and Use of Proceeds
The table below sets forth information regarding purchases made by the Company of its CNYG Class A
Common Stock during the quarter ended December 31, 2011:
Total
Number of
Shares
(or Units)
Purchased
Average
Price Paid per
Share
(or Unit)
Total Number
of Shares
(or Units)
Purchased as Part
of Publicly
Announced Plans
or Programs(1)(2)
Maximum Number
(or Approximate
Dollar Value) of
Shares (or Units)
that May Yet Be
Purchased Under
the Plans or
Programs(1)(3)
November 1-30, 2011 2,200,000 14.64 29,261,000 $179,143,510
December 1-31, 2011 2,425,000 14.52 31,686,000 $143,922,047
Total 4,625,000 14.58
______________
(1) On June 14, 2010, Cablevision's Board of Directors authorized the repurchase of up to $500 million of CNYG
Class A common stock. On February 15, 2011, Cablevision's Board of Directors authorized the repurchase of up to
an additional $500 million of CNYG Class A common stock. Under the repurchase program, shares of CNYG
Class A common stock may be purchased from time to time in the open market. The program does not have an
expiration date and may be suspended at any time at the discretion of the Board of Directors.
(2) This column reflects the cumulative number of shares acquired pursuant to the repurchase program at the end of the
respective period.
(3) Includes brokerage commissions paid by Cablevision.
The table above does not include any shares received in connection with participant forfeitures of awards
pursuant to the Company's employee stock plan.
In addition to the information provided in the table above, for the three months ended December 31, 2011,
approximately 370,100 restricted shares of CNYG Class A common stock issued to employees of the
Company, AMC Networks and Madison Square Garden vested. To fulfill the employees' statutory
minimum tax withholding obligations for the applicable income and other employment taxes,
approximately 178,700 of these shares, with an aggregate value of $2.6 million, were surrendered to
Cablevision. These acquired shares have been classified as treasury stock.