Fries Michael T. - 25 Apr 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
25 Apr 2023
Net transactions value
$0
Form type
4
Filing time
27 Apr 2023, 17:02:05 UTC
Previous filing
28 Mar 2023
Next filing
03 May 2023
SEC
View on sec.gov

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 Share Appreciation Rights A Disposed to Issuer -211,882 -100% 0 25 Apr 2023 Class A Ordinary Shares 211,882 $32.81 Direct F1, F2
transaction LBTYA Share Appreciation Rights A Award +211,882 211,882 25 Apr 2023 Class A Ordinary Shares 211,882 $32.81 Direct F1, F2
transaction LBTYA Share Appreciation Rights A Disposed to Issuer -227,832 -100% 0 25 Apr 2023 Class A Ordinary Shares 227,832 $35.69 Direct F1, F2
transaction LBTYA Share Appreciation Rights A Award +227,832 227,832 25 Apr 2023 Class A Ordinary Shares 227,832 $35.69 Direct F1, F2
transaction LBTYA Share Appreciation Rights A Disposed to Issuer -294,117 -100% 0 25 Apr 2023 Class A Ordinary Shares 294,117 $29.88 Direct F1, F2
transaction LBTYA Share Appreciation Rights A Award +294,117 294,117 25 Apr 2023 Class A Ordinary Shares 294,117 $29.88 Direct F1, F2
transaction LBTYA Share Appreciation Rights C Disposed to Issuer -423,764 -100% 0 25 Apr 2023 Class C Ordinary Shares 423,764 $31.65 Direct F1, F2
transaction LBTYA Share Appreciation Rights C Award +423,764 423,764 25 Apr 2023 Class C Ordinary Shares 423,764 $31.65 Direct F1, F2
transaction LBTYA Share Appreciation Rights C Disposed to Issuer -455,664 -100% 0 25 Apr 2023 Class C Ordinary Shares 455,664 $34.80 Direct F1, F2
transaction LBTYA Share Appreciation Rights C Award +455,664 455,664 25 Apr 2023 Class C Ordinary Shares 455,664 $34.80 Direct F1, F2
transaction LBTYA Share Appreciation Rights C Disposed to Issuer -588,234 -100% 0 25 Apr 2023 Class C Ordinary Shares 588,234 $28.94 Direct F1, F2
transaction LBTYA Share Appreciation Rights C Award +588,234 588,234 25 Apr 2023 Class C Ordinary Shares 588,234 $28.94 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions involve an extension of the seven-year exercise period on existing share appreciation rights (SAR) for an additional three-year period. For Form 4 reporting purposes, this is shown as if the outstanding SAR were to be cancelled and replaced by a new SAR. However, from the Issuer's perspective, no new SAR is issued, the Issuer has only extended the expiration term on the original grant, with the same pricing and other terms continuing to apply.
F2 Vesting and exercise of the existing SAR has not changed as a result of the extension and therefore the SAR continues to be immediately exercisable.

Remarks:

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