AI Entertainment Holdings LLC - Jan 6, 2022 Form 4 Insider Report for Warner Music Group Corp. (WMG)

Role
10%+ Owner
Signature
/s/ Alejandro Moreno for AI Entertainment Holdings LLC
Stock symbol
WMG
Transactions as of
Jan 6, 2022
Transactions value $
-$348,151,250
Form type
4
Date filed
1/7/2022, 04:04 PM
Previous filing
Dec 10, 2021
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMG Class A Common Stock Conversion of derivative security $0 +4.36M $0.00 4.36M Jan 6, 2022 Direct F1
transaction WMG Class A Common Stock Sale -$177M -4.36M -100% $40.66 0 Jan 6, 2022 Direct F1
transaction WMG Class A Common Stock Conversion of derivative security $0 +2.34M $0.00 2.34M Jan 6, 2022 By LLC F2
transaction WMG Class A Common Stock Sale -$95M -2.34M -100% $40.66 0 Jan 6, 2022 By LLC F2
transaction WMG Class A Common Stock Conversion of derivative security $0 +1.87M $0.00 1.87M Jan 6, 2022 By LLC F3
transaction WMG Class A Common Stock Sale -$76M -1.87M -100% $40.66 0 Jan 6, 2022 By LLC F3

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 WMG Class B Common Stock Conversion of derivative security -4.36M -1.18% 366M Jan 6, 2022 Class A Common Stock 4.36M Direct F1, F4
transaction WMG Class B Common Stock Conversion of derivative security -2.34M -100% 0 Jan 6, 2022 Class A Common Stock 2.34M By LLC F2, F4
transaction WMG Class B Common Stock Conversion of derivative security -1.87M -100% 0 Jan 6, 2022 Class A Common Stock 1.87M By LLC F3, F4
holding WMG Class B Common Stock 1.58M Jan 6, 2022 Class A Common Stock 1.58M By partnership F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported are held directly by AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.
F2 The securities reported are held directly by LB Remainder Holdings LLC ("Remainder") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik because AIM is the manager of Remainder and Mr. Blavatnik is the controlling person of AIM and is the sole member of Remainder. Each of the reporting persons (other than Remainder) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.
F3 The securities reported are held directly by CT/FT Holdings LLC ("CT/FT") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik because AIM is the manager of CT/FT and Mr. Blavatnik is the controlling person of AIM. Each of the reporting persons (other than CT/FT) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.
F4 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.
F5 The securities reported are held directly by Altep 2012 L.P. ("Altep 2012") and may be deemed to be beneficially owned by AI Altep Holdings, Inc. and Mr. Blavatnik because AI Altep Holdings, Inc. is the general partner of Altep 2012 and Mr. Blavatnik controls AI Altep Holdings, Inc. Each of the reporting persons (other than Altep 2012) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.