Fries Michael T. - 01 Mar 2023 Form 4 Insider Report for Liberty Global plc (LBTYA)

Role
President & CEO, Director
Signature
/s/ Michael T. Fries
Issuer symbol
LBTYA
Transactions as of
01 Mar 2023
Net transactions value
-$47,583
Form type
4
Filing time
03 Mar 2023, 16:10:17 UTC
Previous filing
27 Dec 2022
Next filing
17 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBTYA Class C Ordinary Shares Award +7,595 +0.5% 1,533,778 01 Mar 2023 Direct F1
transaction LBTYA Class C Ordinary Shares Tax liability $47,583 -2,253 -0.15% $21.12 1,531,525 01 Mar 2023 Direct
holding LBTYA Class C Ordinary Shares 13,983 01 Mar 2023 By 401(k) Plan 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 LBTYA Restricted Share Units B Disposed to Issuer -7,890 -100% 0 01 Mar 2023 Class B Ordinary Shares 7,890 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's shareholding incentive program available to management generally, the Reporting Person received 7,890 Restricted Share Units (RSUs) in 2022, each representing a right to receive one share of Issuer's Class B ordinary shares. Under the terms of the Reporting Person's employment agreement, the RSUs were rebalanced pursuant to an Irrevocable Rebalance Notice of Certain Unvested Equity Awards, dated December 19, 2022, so that the Reporting Person received an equal value of Class C ordinary shares on settlement of the RSUs vesting in lieu of Class B ordinary shares. This Form 4 reflects the settlement of the RSUs into Class C ordinary shares; the RSUs are no longer outstanding, and no sale occurred.
F2 The Reporting Person received 922 shares contributed by Issuer under its 401(k) Plan as of March 1, 2023.
F3 Due to a clerical error by the Issuer, the number of shares underlying the RSU was incorrectly stated on the Form 4 filed with the Commission on March 16, 2022 to report the grant of the RSU, and such report is deemed amended by this report on Form 4, which reflects the correct number of shares underlying the RSU, which is 234 additional shares.
F4 The RSUs vested in full on March 1, 2023.

Remarks:

The trading symbols for the Issuer's classes of ordinary shares are LBTYA, LBTYB, and LBTYK.