SEC Form 4 · accession 0001335258-16-000154
Live Nation Entertainment, Inc. · LYV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Rowles
Officer — EVP & General Counsel
Period of report
Feb 9, 2016
Accepted (ET)
Feb 11, 2016 · 8:48 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 | Feb 9, 2016 | A | 9,685 | $0.00 | A | 239,368 | D |
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,F3 | $19.36 | Feb 9, 2016 | A | 91,964 | A | — | Feb 9, 2026 | Common Stock | 91,964 | 91,964 | D |
Explanation of responses
- F1Reporting person received the award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015.
- F2Represents a restricted stock award. If certain financial and/or operational performance targets specified by the company's Compensation Committee are achieved for the year of the grant, 50% of the award will vest on March 31, 2017 and the remaining 50% will vest on March 31, 2018.
- F3Only vested shares may be exercised. These options will vest in two equal annual installments on March 31, 2017 and March 31, 2018.