Filing Details
- Accession Number:
- 0001335258-17-000002
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-01-06 20:28:43
- Reporting Period:
- 2017-01-04
- Filing Date:
- 2017-01-06
- Accepted Time:
- 2017-01-06 20:28:43
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1335258 | Live Nation Entertainment Inc. | LYV | Services-Amusement & Recreation Services (7900) | 203247759 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1337041 | Michael Rapino | C/O Live Nation Entertainment, Inc. 9348 Civic Center Drive Beverly Hills CA 90210 | President & Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2016-12-27 | 10,000 | $0.00 | 766,196 | No | 5 | G | Direct | |
| Common Stock | Acquisiton | 2016-12-27 | 10,000 | $0.00 | 10,000 | No | 5 | G | Indirect | By Foundation |
| Common Stock | Disposition | 2017-01-04 | 10,000 | $27.53 | 0 | No | 4 | S | Indirect | By Foundation |
| Common Stock | Acquisiton | 2017-01-04 | 40,000 | $24.95 | 806,196 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-01-04 | 40,000 | $27.53 | 766,196 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-01-05 | 50,000 | $24.95 | 816,196 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-01-05 | 50,000 | $27.50 | 766,196 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-01-06 | 40,000 | $24.95 | 806,196 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-01-06 | 40,000 | $27.64 | 766,196 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | G | Direct | |
| No | 5 | G | Indirect | By Foundation |
| No | 4 | S | Indirect | By Foundation |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (buy) | Disposition | 2017-01-04 | 40,000 | $0.00 | 40,000 | $24.95 |
| Common Stock | Stock Option (buy) | Disposition | 2017-01-05 | 50,000 | $0.00 | 50,000 | $24.95 |
| Common Stock | Stock Option (buy) | Disposition | 2017-01-06 | 40,000 | $0.00 | 40,000 | $24.95 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 630,000 | 2017-02-16 | No | 4 | M | Direct | |
| 580,000 | 2017-02-16 | No | 4 | M | Direct | |
| 540,000 | 2017-02-16 | No | 4 | M | Direct |
Footnotes
- MR. RAPINO HAS 670,000 OPTIONS EXPIRING ON FEBRUARY 16, 2017. MR. RAPINO HOLDS A TOTAL OF 8,695,820 SHARES AND OPTIONS, INCLUDING BOTH VESTED AND UNVESTED SHARES/OPTIONS AS OF JANUARY 1, 2017. MR. RAPINO HAS PUT IN PLACE A TRADING PLAN UNDER RULE 10b5-1 IN ORDER TO SYSTEMATICALLY SELL CERTAIN SHARES ALONG WITH THESE EXPIRING OPTIONS OVER SEVERAL WEEKS.
- This transaction involved a gift of securities by the reporting person to the Rapino Family Foundation (the "Foundation"), with which the reporting person is affiliated. The reporting person disclaims beneficial ownership of the shares held by the Foundation, and this report should not be deemed an admission that the reporting person is the beneficial owner of the Foundation's shares for purposes of Section 16 or for any other person.
- The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Foundation on December 15, 2016.
- These transactions were executed in multiple trades at prices ranging from $27.30 to $27.69. 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.
- The exercises and sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2016 as further described above in Note 1.
- This transaction was executed in multiple trades at prices ranging from $27.35 to $27.79. 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.
- This transaction was executed in multiple trades at prices ranging from $27.39 to $27.74. 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.
- The options vested 167,500 each on February 16, 2008 and 2009 and 335,000 on January 25, 2010, and were due to expire in February 2017.
Billionaire Hedge Funds
