SEC Form 4 · accession 0001127602-15-018731
Liberty Global Ltd. · LBTYA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J David Wargo
Director
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 5:52 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 22, 2015 | M | 10,000 | $11.66 | A | 15,412 | D | |
| Class C Ordinary SharesF2 | May 22, 2015 | M | 20,000 | $10.99 | A | 36,600 | D | |
| Class C Ordinary SharesF3 | May 22, 2015 | M | 10,000 | $11.55 | A | 46,600 | D | |
| Class C Ordinary SharesF4 | holding | — | — | — | 32 | I | By Spouse |
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,F5 | $11.66 | May 22, 2015 | M | 10,000 | D | — | Jun 15, 2015 | Class A Ordinary Shares | 10,000 | 0 | D |
| Stock Option C (right to buy)F2,F5 | $10.99 | May 22, 2015 | M | 20,000 | D | — | Jun 15, 2015 | Class C Ordinary Shares | 20,000 | 0 | D |
| Stock Option C (right to buy)F3,F5 | $11.55 | May 22, 2015 | M | 10,000 | D | — | Jun 15, 2015 | Class C Ordinary Shares | 10,000 | 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.
- F2On 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.
- 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.
- F4The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F5The 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.