SEC Form 4 · accession 0001335258-18-000163
Live Nation Entertainment, Inc. · LYV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Rapino
Officer — President & CEO · Director
Period of report
Dec 14, 2018
Accepted (ET)
Dec 18, 2018 · 4:57 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 | Dec 14, 2018 | M | 1,580,000 | $2.75 | A | 2,007,071 | D | |
| Common StockF2 | Dec 14, 2018 | F | 870,041 | $53.90 | D | 1,137,030 | 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)F3 | $2.75 | Dec 14, 2018 | M | 1,580,000 | D | — | Mar 17, 2019 | Common Stock | 1,580,000 | 0 | D |
Explanation of responses
- F1MR. RAPINO HAS EXERCISED THESE EMPLOYEE STOCK OPTIONS AS THEY ARE DUE TO EXPIRE IN MARCH 2019.
- F2These shares were withheld by the company to satisfy payment of the stock option exercise price and tax withholdings.
- F3The reporting person received the stock options on March 17, 2009 pursuant to an award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015. These options vested in five equal installments on March 17, 2010, 2011, 2012, 2013 and 2014.