SEC Form 4 · accession 0001127602-15-018174
Liberty Global Ltd. · LBTYA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Cole Jr.
Director
Period of report
May 20, 2015
Accepted (ET)
May 21, 2015 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001570585
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary SharesF1 | May 20, 2015 | M | 10,000 | $11.66 | A | 20,135 | D | |
| Class A Ordinary SharesF2 | May 20, 2015 | S | 10,000 | $54.2346 | D | 10,135 | D | |
| Class C Ordinary SharesF3 | May 20, 2015 | M | 10,000 | $11.55 | A | 38,767 | D | |
| Class C Ordinary SharesF4 | May 20, 2015 | M | 20,000 | $10.99 | A | 58,767 | D | |
| Class C Ordinary SharesF5 | May 20, 2015 | S | 10,000 | $51.5005 | D | 48,767 | 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 A (right to buy)F1,F6 | $11.66 | May 20, 2015 | M | 10,000 | D | — | Jun 15, 2015 | Class A Ordinary Shares | 10,000 | 0 | D |
| Stock Option C (right to buy)F3,F6 | $11.55 | May 20, 2015 | M | 10,000 | D | — | Jun 15, 2015 | Class C Ordinary Shares | 10,000 | 0 | D |
| Stock Option C (right to buy)F4,F6 | $10.99 | May 20, 2015 | M | 20,000 | D | — | Jun 15, 2015 | Class C Ordinary Shares | 20,000 | 0 | D |
Explanation of responses
- F1On March 3, 2014, the Issuer distributed Class C ordinary shares as a dividend at the rate of one Class C ordinary share for each ordinary share outstanding as of February 14, 2014. As a result, pursuant to the anti-dilution provisions of the applicable incentive plan of the Issuer, a Class A option previously reported as an option for 10,000 shares at an exercise price of $23.21 per share was adjusted to reflect the dividend.
- F2The price reflects a weighted average of sales made at prices ranging from $54.23 to $54.24. The Reporting Person agrees to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- F3On March 3, 2014, the Issuer distributed Class C ordinary shares as a dividend at the rate of one Class C ordinary share for each ordinary share outstanding as of February 14, 2014. As a result, pursuant to the anti-dilution provisions of the applicable incentive plan of the Issuer, a Class A option was adjusted for the dividend by allocating the exercise price of the original Class A option between an option based on Class A ordinary shares and an option based on Class C ordinary shares.
- F4On March 3, 2014, the Issuer distributed Class C ordinary shares as a dividend at the rate of one Class C ordinary share for each ordinary share outstanding as of February 14, 2014. As a result, pursuant to the anti-dilution provisions of the applicable incentive plan of the Issuer, a Class C option previously reported as an option for 10,000 shares at an exercise price of $21.98 per share was adjusted to reflect the dividend.
- F5The price reflects a weighted average of sales made at prices ranging from $51.49 to $51.51. The Reporting Person agrees to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
- F6The option is immediately exercisable.
Remarks
The trading symbols for the Issuer's Class A, Class B, and Class C ordinary shares are LBTYA, LBTYB, and LBTYK, respectively.