Michael Rapino - Sep 7, 2022 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Signature
Brian Capo, Attorney-in-Fact for Michael Rapino
Stock symbol
LYV
Transactions as of
Sep 7, 2022
Transactions value $
-$18,741,938
Form type
4
Date filed
9/9/2022, 06:49 PM
Previous filing
Sep 1, 2022
Next filing
Sep 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYV Common Stock Options Exercise $877K +100K +2.78% $8.77 3.7M Sep 7, 2022 Direct F1
transaction LYV Common Stock Sale -$2.95M -33K -0.89% $89.53 3.67M Sep 7, 2022 Direct F1, F2
transaction LYV Common Stock Sale -$1.82M -20.1K -0.55% $90.34 3.65M Sep 7, 2022 Direct F1, F3
transaction LYV Common Stock Sale -$2.27M -24.9K -0.68% $91.16 3.62M Sep 7, 2022 Direct F1, F4
transaction LYV Common Stock Options Exercise $877K +100K +2.76% $8.77 3.72M Sep 8, 2022 Direct F1
transaction LYV Common Stock Sale -$1.25M -13.8K -0.37% $90.32 3.71M Sep 8, 2022 Direct F1, F5
transaction LYV Common Stock Sale -$5.84M -64.2K -1.73% $91.00 3.65M Sep 8, 2022 Direct F1, F6
transaction LYV Common Stock Options Exercise $877K +100K +2.74% $8.77 3.75M Sep 9, 2022 Direct F1
transaction LYV Common Stock Sale -$4.05M -43.7K -1.17% $92.64 3.7M Sep 9, 2022 Direct F1, F7
transaction LYV Common Stock Sale -$3.2M -34.3K -0.93% $93.17 3.67M Sep 9, 2022 Direct F1, F8

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 -100K -5.56% $0.00 1.7M Sep 7, 2022 Common Stock 100K $8.77 Direct F9
transaction LYV Stock Option (buy) Options Exercise $0 -100K -5.88% $0.00 1.6M Sep 8, 2022 Common Stock 100K $8.77 Direct F9
transaction LYV Stock Option (buy) Options Exercise $0 -100K -6.25% $0.00 1.5M Sep 9, 2022 Common Stock 100K $8.77 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 5.7 million shares of common stock and equity awards, inclusive of all other common stock, restricted stock holdings, a performance share award (of 1,117,037 shares) and options to acquire additional shares of common stock (627,602).
F2 This transaction was executed in multiple trades at prices ranging from $88.92 to $89.91. 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.
F3 This transaction was executed in multiple trades at prices ranging from $89.92 to $90.91. 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.
F4 This transaction was executed in multiple trades at prices ranging from $90.92 to $91.54. 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.
F5 This transaction was executed in multiple trades at prices ranging from $89.64 to $90.63. 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.
F6 This transaction was executed in multiple trades at prices ranging from $90.64 to $91.57. 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.
F7 This transaction was executed in multiple trades at prices ranging from $92.05 to $93.04. 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.
F8 This transaction was executed in multiple trades at prices ranging from $93.05 to $93.34. 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.
F9 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.