Pablo G. Legorreta - Jun 16, 2020 Form 4 Insider Report for Royalty Pharma plc (RPRX)

Signature
/s/ Sean Weisberg, as Attorney-in-Fact for Pablo G. Legorreta
Stock symbol
RPRX
Transactions as of
Jun 16, 2020
Transactions value $
$0
Form type
4
Date filed
4/15/2022, 06:55 PM
Previous filing
Apr 15, 2022
Next filing
May 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPRX Class A Ordinary Shares Conversion of derivative security $0 +494K $0.00 494K Jun 16, 2020 By Legorreta Investments LLC F1
transaction RPRX Class A Ordinary Shares Conversion of derivative security $0 +428K +86.77% $0.00 922K Oct 20, 2020 By Legorreta Investments LLC F1
transaction RPRX Class A Ordinary Shares Other $0 -462K -100% $0.00* 0 Apr 14, 2022 By Legorreta Investments II LLC F2, F3
transaction RPRX Class A Ordinary Shares Other $0 -350K -84.58% $0.00 63.8K Apr 14, 2022 Direct F4, F5
holding RPRX Class A Ordinary Shares 1.28M Jun 16, 2020 By GST-Exempt Legorreta 2012 Family Trust F4
holding RPRX Class A Ordinary Shares 41.3K Jun 16, 2020 By GST-Exempt Legorreta 2020 Family Trust F4
holding RPRX Class A Ordinary Shares 10K Jun 16, 2020 By Child
holding RPRX Class A Ordinary Shares 10K Jun 16, 2020 By Child
holding RPRX Class A Ordinary Shares 123K Jun 16, 2020 By IRRA
holding RPRX Class A Ordinary Shares 119K Jun 16, 2020 By SEP/IRA
holding RPRX Class A Ordinary Shares 1.04M Jun 16, 2020 By Legorreta Children 2002 Trust
holding RPRX Class A Ordinary Shares 6.93K Jun 16, 2020 By Spouse F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RPRX ICAI Interests Conversion of derivative security $0 -49.4K -2.87% $0.00 1.67M Jun 16, 2020 Limited Partnership interests in RPI US Partners 2019, LP 49.4K $0.00 By Legorreta Investments LLC F1, F6, F7
transaction RPRX LP interests in RPI US Partners 2019, LP Conversion of derivative security $0 +49.4K +0.86% $0.00 5.8M Jun 16, 2020 Class A Ordinary Shares 494K $0.00 By Legorreta Investments LLC F1, F7, F11
transaction RPRX LP interests in RPI US Partners 2019, LP Conversion of derivative security $0 -49.4K -0.85% $0.00 5.75M Jun 16, 2020 Class A Ordinary Shares 494K $0.00 By Legorreta Investments LLC F1, F7, F11
transaction RPRX ICAI Interests Conversion of derivative security $0 -42.8K -2.57% $0.00 1.63M Oct 20, 2020 Limited Partnership interests in RPI US Partners 2019, LP 42.8K $0.00 By Legorreta Investments LLC F1, F6, F7
transaction RPRX LP interests in RPI US Partners 2019, LP Conversion of derivative security $0 +42.8K +0.75% $0.00 5.79M Oct 20, 2020 Class A Ordinary Shares 428K $0.00 By Legorreta Investments LLC F1, F7, F11
transaction RPRX LP interests in RPI US Partners 2019, LP Conversion of derivative security $0 -42.8K -0.74% $0.00 5.75M Oct 20, 2020 Class A Ordinary Shares 428K $0.00 By Legorreta Investments LLC F1, F7, F11
transaction RPRX LP interests in RPI US Partners 2019, LP Other +15.9K +0.56% 2.85M Mar 23, 2021 Class A Ordinary Shares 159K $0.00 By Legorreta Investments LLC F3, F7, F8, F9, F11
transaction RPRX LP interests in RPI US Partners 2019, LP Other +16K +0.56% 2.86M Mar 23, 2021 Class A Ordinary Shares 160K $0.00 By Legorreta Investments II LLC F3, F7, F8, F11
transaction RPRX ICAI Interests Other +73.3K 73.3K Jun 30, 2021 Limited Partnership interests in RPI US Partners 2019, LP 73.3K $0.00 Direct F6, F7, F10
holding RPRX ICAI Interests 815K Jun 16, 2020 Limited Partnership interests in RPI US Partners 2019, LP 815K $0.00 By Legorreta Investments II LLC F3, F6, F7
holding RPRX LP interests in RPI US Partners 2019, LP 147K Jun 16, 2020 Class A Ordinary Shares 1.47M $0.00 By Spouse F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Class A Ordinary Shares were received by the Reporting Person in exchange for limited partnership interests in RPI US Partners 2019, LP ("RPI US LP"), which were themselves received upon conversion of ICAI Interests. Each ICAI Interest was exchanged for limited partnership interest in RPI US LP ("RPI US LP Interest") on a one-for-one basis. Each RPI US LP Interest was then exchanged for ten Class B Interests in Royalty Pharma Holdings Limited ("Holdings"). Each Class B Interest in Holdings so distributed was exchanged for one Class A Ordinary Share of the Issuer. This exchange was made pursuant to the terms of the Exchange Agreement dated June 16, 2020, among the Issuer, Holdings, RPI US LP, RPI International Holdings 2019, LP, RPI International Partners 2019, LP and RPI EPA Holdings, LP (the "Exchange Agreement"). No additional value was paid by the Reporting Person in connection with these exchanges.
F2 Reflects the pro rata distribution from Legorreta Investments II LLC to their respective members for no consideration.
F3 Reflects the exempt transfer pursuant to Rule 16a-13 of certain ICAI Interests, RPI US LP Interests and Class A Ordinary Shares from Legorreta Investments LLC to Legorreta Investments II LLC. As of the filing date, Legorreta Investments LLC has 811,759 ICAI Interests and 460,139 Class A Ordinary Shares.
F4 Reflects shares received in exempt pro rata distribution pursuant to Rule 16a-9(a) from Legorreta Investments II LLC, 413,795 Class A ordinary shares to the Reporting Person directly, 6,930 Class A ordinary shares to the Reporting Person's spouse and 41,306 Class A ordinary shares to the GST-Exempt 2020 Family Trust.
F5 Represents the transfer by the Reporting Person of Class A ordinary shares for no consideration to RP Management Equity Incentive Plan Trust.
F6 These ICAI Interests represent a grant of up to an equivalent number of RPI US LP Interests and expire on December 15, 2023. The full number of RPI US LP Interests is issuable in respect of these ICAI Interests if and when the Class A Ordinary Shares attain a 20-trading day volume weighted average price of $32.30 or more after December 15, 2020 and on or before December 15, 2023. The number of RPI US LP Interests issuable in respect of these ICAI Interests scales linearly from 0% at $20.51 per share to 100% at $32.30 per share.
F7 Represents RPI US LP Interests. Each RPI US LP Interest can be exchanged for ten Class B Interests in Holdings at any time and for no additional value, which exchange right does not expire until so converted. Each Class B Interest in Holdings issued in exchange for a RPI US LP Interest will be exchanged upon such exchange for one Class A Ordinary Share of the Issuer for no additional value.
F8 Reflects the automatic transfers of RPI US LP Interests for no consideration from an employee of RP Management, LLC to Legorreta Investments LLC and Legorreta Investments II LLC in connection with a tax withholding event.
F9 Reflects the forfeiture of 67,227 RPI US LP Interests without the payment of any consideration.
F10 Reflects the automatic transfer of ICAI Interests to the Reporting Person for no consideration upon the forfeiture of such ICAI Interests due to the retirement of an employee of RP Management, LLC.
F11 The Reporting Person has agreed to retain and not sell 5,103,392 RPI US LP Interests convertible into 51,033,928 Class A Ordinary Shares before February 2025 pursuant to an agreement by and between the Reporting Person and RP Management, LLC. This restriction is waivable under certain circumstances.

Remarks:

Exhibit 24.1 - Power of Attorney