Michael Rapino - Jun 30, 2021 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Role
President & CEO, Director
Signature
Kathy Willard, Attorney-in-Fact for Michael Rapino
Stock symbol
LYV
Transactions as of
Jun 30, 2021
Transactions value $
-$18,146,159
Form type
4
Date filed
7/2/2021, 09:58 PM
Previous filing
Jun 7, 2021
Next filing
Aug 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYV Common Stock Options Exercise $5.18M +453K +17.41% $11.44 3.05M Jun 30, 2021 Direct F1
transaction LYV Common Stock Tax liability -$23.3M -266K -8.72% $87.59 2.79M Jun 30, 2021 Direct F2

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 Stock Option (buy) Options Exercise $0 -453K -100% $0.00* 0 Jun 30, 2021 Common Stock 453K $11.44 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 MR. RAPINO HAS EXERCISED THESE EMPLOYEE STOCK OPTIONS AS THEY ARE DUE TO EXPIRE IN JULY 2021.
F2 These shares underlying the stock options reflected in Table II were withheld by the company to satisfy payment of the stock option exercise price and tax withholdings. Mr. Rapino held the remaining shares and has sold no shares in the open market pursuant to the transactions reported on this Form 4. THE TRANSACTIONS REPORTED ON THIS FORM 4 REPRESENT A NET ACQUISITION OF 186,315 SHARES OF COMMON STOCK BY MR. RAPINO.
F3 The reporting person received the stock options on July 15, 2011 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 July 15, 2012, 2013, 2014 and 2015.