SEC Form 4 · accession 0001335258-18-000176
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 19, 2018
Accepted (ET)
Dec 21, 2018 · 9:14 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,F3 | Dec 19, 2018 | S | 85,000 | $52.51 | D | 1,052,030 | D | |
| Common StockF4 | Dec 20, 2018 | S | 85,000 | $49.81 | D | 967,030 | D | |
| Common StockF5 | Dec 21, 2018 | S | 85,000 | $49.40 | D | 882,030 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1MR. RAPINO ENTERED INTO A 10b5-1 PLAN ON DECEMBER 14, 2018 TO SELL SHARES RELATED TO CERTAIN OPTIONS THAT WERE EXPIRING IN MARCH 2019. AS OF DECEMBER 19, 2018, MR. RAPINO HELD A TOTAL OF 6,717,232 VESTED AND UNVESTED SHARES AND STOCK OPTIONS. THE SHARES SOLD ON THIS FORM 4 REPRESENT APPROXIMATELY 4% OF THE SHARES AND STOCK OPTIONS HELD BY MR. RAPINO ON DECEMBER 19, 2018.
- F2The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2018.
- F3This transaction was executed in multiple trades at prices ranging from $50.83 to $53.58. 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.
- F4This transaction was executed in multiple trades at prices ranging from $49.11 to $51.10. 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.
- F5This transaction was executed in multiple trades at prices ranging from $48.63 to $50.42. 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.