Filing Details
- Accession Number:
- 0001335258-22-000043
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-03-25 19:02:32
- Reporting Period:
- 2022-03-23
- Accepted Time:
- 2022-03-25 19:02:32
- 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 | Acquisiton | 2022-03-23 | 100,000 | $8.71 | 3,026,241 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-23 | 41,917 | $115.33 | 2,984,324 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-23 | 32,032 | $115.97 | 2,952,292 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-23 | 3,871 | $117.01 | 2,948,421 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-23 | 180 | $117.65 | 2,948,241 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-03-24 | 100,000 | $8.71 | 3,048,241 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-24 | 2,472 | $114.92 | 3,045,769 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-24 | 5,215 | $115.90 | 3,040,554 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-24 | 36,545 | $117.14 | 3,004,009 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-24 | 33,768 | $117.53 | 2,970,241 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-03-25 | 100,000 | $8.77 | 3,070,241 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-25 | 26,503 | $115.40 | 3,043,738 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-25 | 39,823 | $116.24 | 3,003,915 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-25 | 7,695 | $117.22 | 2,996,220 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2022-03-25 | 3,979 | $118.21 | 2,992,241 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | 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 | 2022-03-23 | 100,000 | $0.00 | 100,000 | $8.71 |
| Common Stock | Stock Option (buy) | Disposition | 2022-03-24 | 100,000 | $0.00 | 100,000 | $8.71 |
| Common Stock | Stock Option (buy) | Disposition | 2022-03-25 | 100,000 | $0.00 | 100,000 | $8.77 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 100,000 | 2022-08-27 | No | 4 | M | Direct | |
| 0 | 2022-08-27 | No | 4 | M | Direct | |
| 3,500,000 | 2022-12-10 | No | 4 | M | Direct |
Footnotes
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan (the "trading plan"). Mr. Rapino has entered into this trading plan to exercise options which were granted in 2012 and would otherwise expire in 2022. Mr. Rapino's compensation continues to be heavily tied to the company's long-term performance. The payment of the options' exercise price and associated taxes will account for the majority of the proceeds from these options, with Mr. Rapino then receiving 66,000 shares of stock under the trading plan and the remainder being settled in cash. Following all transactions under the trading plan, which will exercise all expiring options, Mr. Rapino expects to then hold approximately 3.8 million shares of common stock, inclusive of all other common stock and restricted stock holdings, plus options to acquire an additional 627,602 shares of common stock.
- This transaction was executed in multiple trades at prices ranging from $114.61 to $115.60. 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 $115.61 to $116.59. 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 $116.63 to $117.59. 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 $117.65 to $117.69. 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.
- This transaction was executed in multiple trades at prices ranging from $114.26 to $115.22. 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 $115.32 to $116.25. 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 $116.33 to $117.32. 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 $117.33 to $117.82. 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 $114.83 to $115.82. 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 $115.83 to $116.82. 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 $116.83 to $117.80. 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 $117.83 to $118.80. 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 reporting person received the stock options on August 27, 2012 pursuant to an award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015. The options vested in four equal installments on August 27, 2013, 2014, 2015 and 2016.
- The reporting person received the stock options on December 10, 2012 pursuant to an award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015. The options vested in five equal installments on December 10, 2013, 2014, 2015, 2016 and 2017.
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