SEC Form 4 · accession 0001104659-15-082248

Live Nation Entertainment, Inc. · LYV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Nov 27, 2015

Accepted (ET)

Dec 1, 2015 · 5:10 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001335258

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Nov 27, 2015	J	15,900,000	—	A	57,259,205	D
Common Stock^F2	holding	—	—		—	12,385,828	I	Through Wholly-Owned Subsidiaries

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Forward purchase contract (obligation to buy)^F1	—	Nov 27, 2015	J	15,900,000	D	Nov 27, 2015	Nov 27, 2015	Common Stock	15,900,000	0	D

F1As previously disclosed, on September 4, 2014, the Reporting Person entered into a forward purchase contract (the "Forward Contract") with an unaffiliated counterparty covering up to a maximum of 15,900,000 notional shares of the Issuer's Common Stock. On September 28, 2015, the unaffiliated counterparty completed its initial hedge, and the number of notional shares of Common Stock covered by the Forward Contract was fixed at 15,900,000 shares. The Forward Contract expired on November 27, 2015 and will be physically settled on December 2, 2015. The "forward price" is equal to the volume weighted average of the volume weighted average prices of the shares of Common Stock of the Issuer during the initial hedging period plus a commission plus an amount equal to the counterparty's internal funding costs plus a spread. The final forward price under the Forward Contract was $24.9345 per share.
F2Includes 4,025,000 shares of the Issuer's Common Stock previously reported as directly held by the Reporting Person.