SEC Form 4 · accession 0001570585-16-000923
Liberty Global Ltd. · LBTYA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernard G Dvorak
Officer — EVP & Co-CFO
Period of report
Jul 1, 2016
Accepted (ET)
Nov 8, 2016 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001570585
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LiLAC Share Appreciation Rights CF2 | $13.40 | Jul 1, 2016 | A | 15,516 | A | — | May 1, 2017 | LiLAC Class C | 15,516 | 15,516 | D |
| LiLAC Share Appreciation Rights CF2 | $13.52 | Jul 1, 2016 | A | 7,756 | A | — | May 1, 2017 | LiLAC Class C | 7,756 | 7,756 | D |
| LiLAC Share Appreciation Rights CF2 | $21.96 | Jul 1, 2016 | A | 10,468 | A | — | May 1, 2018 | LiLAC Class C | 10,468 | 10,468 | D |
| LiLAC Share Appreciation Rights CF2 | $22.88 | Jul 1, 2016 | A | 5,234 | A | — | May 1, 2018 | LiLAC Class C | 5,234 | 5,234 | D |
| LiLAC Share Appreciation Rights CF2 | $24.60 | Jul 1, 2016 | A | 4,956 | A | — | May 1, 2019 | LiLAC Class C | 4,956 | 4,956 | D |
| LiLAC Share Appreciation Rights CF2 | $23.84 | Jul 1, 2016 | A | 9,913 | A | — | May 1, 2019 | LiLAC Class C | 9,913 | 9,913 | D |
| LiLAC Share Appreciation Rights CF3 | $36.44 | Jul 1, 2016 | A | 4,670 | A | — | May 1, 2020 | LiLAC Class C | 4,670 | 4,670 | D |
| LiLAC Share Appreciation Rights CF3 | $34.03 | Jul 1, 2016 | A | 9,343 | A | — | May 1, 2020 | LiLAC Class C | 9,343 | 9,343 | D |
| LiLAC Share Appreciation Rights CF2 | $32.42 | Jul 1, 2016 | A | 42,390 | A | — | Jun 24, 2020 | LiLAC Class C | 42,390 | 42,390 | D |
| LiLAC Share Appreciation Rights CF2 | $34.29 | Jul 1, 2016 | A | 21,205 | A | — | Jun 24, 2020 | LiLAC Class C | 21,205 | 21,205 | D |
| LiLAC Share Appreciation Rights CF4 | $38.65 | Jul 1, 2016 | A | 16,694 | A | — | May 1, 2021 | LiLAC Class C | 16,694 | 16,694 | D |
| LiLAC Share Appreciation Rights CF5 | $50.84 | Jul 1, 2016 | A | 13,176 | A | — | May 1, 2022 | LiLAC Class C | 13,176 | 13,176 | D |
| LiLAC Share Appreciation Rights CF6 | $39.71 | Jul 1, 2016 | A | 15,106 | A | — | May 1, 2023 | LiLAC Class C | 15,106 | 15,106 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $10.68 | holding | — | — | — | — | May 1, 2017 | Liberty Global Class C | 124,358 | 124,358 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $10.78 | holding | — | — | — | — | May 1, 2017 | Liberty Global Class C | 62,164 | 62,164 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $17.51 | holding | — | — | — | — | May 1, 2018 | Liberty Global Class C | 83,905 | 83,905 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $18.24 | holding | — | — | — | — | May 1, 2018 | Liberty Global Class C | 41,956 | 41,956 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $19.00 | holding | — | — | — | — | May 1, 2019 | Liberty Global Class C | 79,451 | 79,451 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $19.61 | holding | — | — | — | — | May 1, 2019 | Liberty Global Class C | 39,722 | 39,722 | D |
| Liberty Global Share Appreciation Rights CF7,F3 | $27.13 | holding | — | — | — | — | May 1, 2020 | Liberty Global Class C | 74,888 | 74,888 | D |
| Liberty Global Share Appreciation Rights CF7,F3 | $29.05 | holding | — | — | — | — | May 1, 2020 | Liberty Global Class C | 37,435 | 37,435 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $25.84 | holding | — | — | — | — | Jun 24, 2020 | Liberty Global Class C | 339,754 | 339,754 | D |
| Liberty Global Share Appreciation Rights CF7,F2 | $27.34 | holding | — | — | — | — | Jun 24, 2020 | Liberty Global Class C | 169,960 | 169,960 | D |
| Liberty Global Share Appreciation Rights CF7,F4 | $30.81 | holding | — | — | — | — | May 1, 2021 | Liberty Global Class C | 133,804 | 133,804 | D |
| Liberty Global Share Appreciation Rights CF7,F5 | $40.52 | holding | — | — | — | — | May 1, 2022 | Liberty Global Class C | 105,606 | 105,606 | D |
| Liberty Global Share Appreciation Rights CF7,F6 | $31.65 | holding | — | — | — | — | May 1, 2023 | Liberty Global Class C | 121,072 | 121,072 | D |
Explanation of responses
- F1On July 1, 2016, the Issuer distributed, by means of a bonus issue, to each holder of Liberty Global Group ordinary shares, one share of the corresponding Class of the Issuer's LiLAC Group ordinary shares for every 8.01482 shares of that Class of the Issuer's Liberty Global Group ordinary shares held by such holder as of the distribution record date (the "LiLAC Distribution"). As a result, pursuant to the anti-dilution provisions of the applicable incentive plan, the Reporting Person received an equity award based on his outstanding Liberty Global Group awards relating to shares of the corresponding Class of LiLAC Group ordinary shares (a "LiLAC Award"). The terms of the LiLAC Awards are, in all material respects, the same as those of the corresponding original Liberty Global Group award.
- F2The SARs are immediately exercisable.
- F3The SARs provide for vesting of 12.5% of the shares on November 1, 2013, and the remaining shares in 14 equal quarterly installments commencing February 1, 2014.
- F4The SARS provide for vesting of 12.5% of the shares on November 1, 2014, and the remaining shares in 14 equal quarterly installments commencing February 1, 2015.
- F5The SARs provide for vesting of 12.5% of the shares on November 1, 2015, and the remaining shares in 14 equal quarterly installments commencing February 1, 2016.
- F6The SARs provide for vesting of 12.5% of the shares on November 1, 2016, and the remaining shares in 14 equal quarterly installments commencing February 1, 2017.
- F7As a result of the LiLAC Distribution, pursuant to the anti-dilution provisions of the applicable incentive plan, an adjustment to the exercise price or base price, as applicable, was made to all Liberty Global Group equity awards previously reported. All other terms of the Liberty Global Group awards are, in all material respects, the same as those of the corresponding original award.
Remarks
The trading symbols for the Issuer's classes of ordinary shares are LBTYA, LBTYB, LBTYK, LILA, LILAB, and LILAK.