Liberty Media Corp - Nov 26, 2021 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Role
Director, 10%+ Owner
Signature
Liberty Media Corporation By: /s/Brittany A. Uthoff Name: Brittany A. Uthoff Title: Vice President
Stock symbol
LYV
Transactions as of
Nov 26, 2021
Transactions value $
$338,632,000
Form type
4
Date filed
11/30/2021, 07:48 PM
Previous filing
Nov 24, 2021
Next filing
Mar 10, 2023

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 LYV 2.25% Exch. Sr. Debentures due 2048 (obligation to sell) Conversion of derivative security $271K $338M Nov 26, 2021 Common Stock 4.09K Direct F1, F4
transaction LYV 2.25% Exch. Sr. Debentures due 2048 (obligation to sell) Conversion of derivative security $230M $108M Nov 29, 2021 Common Stock 3.47M Direct F2, F4
transaction LYV 2.25% Exch. Sr. Debentures due 2048 (obligation to sell) Conversion of derivative security $108M $0 Nov 30, 2021 Common Stock 1.64M Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 26, 2021, the election of holders of an aggregate of $271,000 in original principal amount of the reporting person's 2.25% exchangeable senior debentures due 2048 (the "Debentures") to exchange such Debentures for cash having a value equal to the current market price of the reference shares attributable to each Debenture exchanged became irrevocable.
F2 On November 29, 2021, the election of holders of an aggregate of $229,913,000 in original principal amount of the Debentures to exchange such Debentures for cash having a value equal to the current market price of the reference shares attributable to each Debenture exchanged became irrevocable.
F3 On November 30, 2021, the election of holders of an aggregate of $108,448,000 in original principal amount of the Debentures to exchange such Debentures for cash having a value equal to the current market price of the reference shares attributable to each Debenture exchanged became irrevocable.
F4 Currently, the reference shares attributable to each $1,000 original principal amount of Debentures consist of 15.0886 shares of the issuer's common stock, par value $0.01 per share. In connection with such exchanges, the current market price for each reference share will be equal to the average of the daily volume weighted average price of that reference share on the New York Stock Exchange for the 30 trading day period commencing on the fourth trading day following December 1, 2021. The Debentures were exchangeable solely for cash, at the option of the holder and subject to certain terms and conditions, at any time during the period commencing on September 1, 2021 until the close of business on the second scheduled trading day immediately preceding December 1, 2021.