Andrew Cole - 25 Apr 2023 Form 4/A Insider Report for Liberty Global Ltd. (LBTYA)

Role
Director
Signature
/s/ Cory Smith, Attorney-in-Fact
Issuer symbol
LBTYA
Transactions as of
25 Apr 2023
Net transactions value
$0
Form type
4/A
Filing time
04 Mar 2024, 17:29:39 UTC
Date Of Original Report
27 Apr 2023
Previous filing
04 Apr 2023
Next filing
16 Jun 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 LBTY Share Option A (right to buy) Disposed to Issuer -2,920 -100% 0 25 Apr 2023 Class A Common Shares 2,920 $30.47 Direct F1, F2, F3
transaction LBTY Share Option A (right to buy) Award +2,920 2,920 25 Apr 2023 Class A Common Shares 2,920 $30.47 Direct F1, F2, F3
transaction LBTY Share Option A (right to buy) Disposed to Issuer -3,575 -100% 0 25 Apr 2023 Class A Common Shares 3,575 $28.83 Direct F1, F2, F3
transaction LBTY Share Option A (right to buy) Award +3,575 3,575 25 Apr 2023 Class A Common Shares 3,575 $28.83 Direct F1, F2, F3
transaction LBTY Share Option A (right to buy) Disposed to Issuer -4,412 -100% 0 25 Apr 2023 Class A Common Shares 4,412 $30.14 Direct F1, F2, F3
transaction LBTY Share Option A (right to buy) Award +4,412 4,412 25 Apr 2023 Class A Common Shares 4,412 $30.14 Direct F1, F2, F3
transaction LBTY Share Option C (right to buy) Disposed to Issuer -5,840 -100% 0 25 Apr 2023 Class C Common Shares 5,840 $29.64 Direct F1, F2, F3
transaction LBTY Share Option C (right to buy) Award +5,840 5,840 25 Apr 2023 Class C Common Shares 5,840 $29.64 Direct F1, F2, F3
transaction LBTY Share Option C (right to buy) Disposed to Issuer -7,150 -100% 0 25 Apr 2023 Class C Common Shares 7,150 $27.85 Direct F1, F2, F3
transaction LBTY Share Option C (right to buy) Award +7,150 7,150 25 Apr 2023 Class C Common Shares 7,150 $27.85 Direct F1, F2, F3
transaction LBTY Share Option C (right to buy) Disposed to Issuer -8,823 -100% 0 25 Apr 2023 Class C Common Shares 8,823 $29.07 Direct F1, F2, F3
transaction LBTY Share Option C (right to buy) Award +8,823 8,823 25 Apr 2023 Class C Common Shares 8,823 $29.07 Direct F1, F2, F3
* 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 options for an additional three-year period. For Form 4 reporting purposes, this is shown as if the outstanding option were to be cancelled and replaced by a new option. However, from the Issuer's perspective, no new option 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 This amendment is being filed solely to amend the number of derivative securities with respect to these transactions because the Form 4 filed by the Reporting Person on April 27, 2023 inadvertently did not reflect that on May 23, 2021, the Reporting Person became obligated to transfer half his share options (which for the purposes of the derivative securities reported here are: 2,920 Share Option A expiring on June 16, 2026; 3,575 Share Option A expiring on June 21, 2027; 3,529 Share Option A expiring on June 12, 2028; 5,840 Share Option C expiring on June 16, 2026; 7,150 Share Option C expiring on June 21, 2027; and 7,059 Share Option C expiring on June 12, 2028) to his ex-spouse pursuant to a domestic relations order.
F3 Vesting and exercise of the existing option has not changed as a result of the extension and therefore the option continues to be immediately exercisable.

Remarks:

The trading symbols for the Issuer's classes of ordinary shares are LBTYA, LBTYB, and LBTYK. On November 24, 2023, the Issuer became the successor issuer of Liberty Global Holdings Limited (formerly Liberty Global plc, a company incorporated under the laws of England and Wales) pursuant to Rule 12g-3(a) of the Securities Exchange Act of 1934, as amended. On such date the Issuer completed a series of transactions, including a redomiciliation, pursuant to a statutory scheme of arrangement under English law, as a result of which Class A, B and C ordinary shares of Liberty Global plc were exchanged for Class A, B and C common shares of the Issuer on a one-for one basis.