Michael Rapino - 09 Dec 2022 Form 4 Insider Report for Live Nation Entertainment, Inc. (LYV)

Role: President & CEO, Director
Signature: Brian Capo, Attorney-in-Fact for Michael Rapino
Issuer symbol: LYV
Transactions as of: 09 Dec 2022
Net transactions value: -$29,852,565
Form type: 4
Filing time: 09 Dec 2022, 17:36:49 UTC
Previous filing: 01 Dec 2022
Next filing: 23 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LYV	Common Stock	Options Exercise	$7,893,000	+900,000	+24%	$8.77	4,699,273	09 Dec 2022	Direct	F1
transaction	LYV	Common Stock	Tax liability	$37,745,565	-525,924	-11%	$71.77	4,173,349	09 Dec 2022	Direct	F1

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	-900,000	-100%	$0.000000^*	0	09 Dec 2022	Common Stock	900,000	$8.77	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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, and would have expired on December 10, 2022 if not exercised on the date hereof. THE REPORTING PERSON EXERCISED THE OPTIONS IN A MANNER INTENDED TO MAXIMIZE THE NUMBER OF SHARES ACQUIRED AND RETAINED, AFTER PAYMENT OF WITHHOLDING TAXES AND EXERCISE PRICE USING SHARES RECEIVABLE.

Content

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, and would have expired on December 10, 2022 if not exercised on the date hereof. THE REPORTING PERSON EXERCISED THE OPTIONS IN A MANNER INTENDED TO MAXIMIZE THE NUMBER OF SHARES ACQUIRED AND RETAINED, AFTER PAYMENT OF WITHHOLDING TAXES AND EXERCISE PRICE USING SHARES RECEIVABLE.