SEC Form 4 · accession 0001335258-15-000129
Live Nation Entertainment, Inc. · LYV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randall Thomas Mays
Director
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 6:34 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 StockF1,F2 | Nov 2, 2015 | M | 50,000 | $10.60 | A | 130,821 | D | |
| Common StockF1,F3,F2 | Nov 2, 2015 | S | 50,000 | $27.00 | D | 105,821 | D | |
| Common StockF4 | holding | — | — | — | 38,198 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (buy)F1,F5 | $10.60 | Nov 2, 2015 | M | 50,000 | D | — | Dec 22, 2015 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1The economic benefits of 25,000 of the stock options underlying this transaction were transferred to the reporting person's former spouse pursuant to a domestic relations order. These 25,000 stock options were exercised and sold at the direction of the reporting person's former spouse, and the proceeds from their sale were delivered to the former spouse. At the same time, the reporting person exercised and sold the 25,000 stock options retained by him. Accordingly, the reporting person never acquired beneficial ownership of 25,000 of these shares.
- F2Since the date of the reporting person's last ownership report, he transferred an aggregate of 118,225 shares of LYV common stock to his former spouse pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his former spouse.
- F3This transaction was executed in multiple trades at prices ranging from $27.00 to $27.06. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4The reporting person's indirect beneficial ownership is comprised of (i) 32,568 shares held by trusts of which the reporting person is the trustee, but not the beneficiary and (ii) 5,630 shares held by a trust of which the reporting person is a 25% beneficiary and a co-trustee.
- F5The options vested in five equal installments on December 22, 2006, 2007, 2008, 2009 and 2010.