Key facts
- This page summarizes Watsa V Prem Et al's Form 4 filing for BLACKBERRY Ltd (BB).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 15 Nov 2023, 19:57.
Watsa V Prem Et al - 13 Nov 2023 Form 4 Insider Report for BLACKBERRY Ltd (BB)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- BB
- Reported as of
- 13 Nov 2023
- Net transaction value
- -$180,000
- SEC form
- 4
- Accepted by SEC
- 15 Nov 2023, 19:57:51 UTC
- Prior SEC filing
- 01 Sep 2023
- Next SEC filing
- 04 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ V. Prem Watsa
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Watsa V Prem Et al filed Form 4 for BLACKBERRY Ltd (BB) on 15 Nov 2023.
Change
- Previous filing in this sequence was filed on 01 Sep 2023.
- Current net transaction value: -$180,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BB
transaction
Derivative
1.75% Unsecured Convertible Debentures
Disposed to Issuer
- Transaction value
- $330,000
- Shares
- -1
- Change %
- -100%
- Price
- $330000.00*
- Shares after
- 0
- Date
- 13 Nov 2023
- Ownership
- See Footnote
- Underlying class
- Common Shares
- Underlying amount
- 55,000,000
- Exercise price
- Footnotes
- F1, F3
BB
transaction
Derivative
1.75% Extendable Convertible Unsecured Debentures
Award
- Transaction value
- $150,000
- Shares
- +1
- Change %
- Price
- $150000.00*
- Shares after
- 1
- Date
- 13 Nov 2023
- Ownership
- See Footnote
- Underlying class
- Common Shares
- Underlying amount
- 25,000,000
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
The 1.75% unsecured convertible debentures (the "Old 1.75% Debentures") were repaid upon maturity by BlackBerry Limited ("BlackBerry"). The Old 1.75% Debentures had a maturity date of November 13, 2023 and were convertible at any time into common shares of BlackBerry at an initial conversion price of $6.00 per common share. None of the Old 1.75% Debentures were converted into common shares of BlackBerry prior to repayment.
Footnote F2
The 1.75% extendable convertible unsecured debentures (the "New 1.75% Debentures") have a stated maturity of February 15, 2024, with an option to extend to May 15, 2024 if mutually agreed between the parties, and are not redeemable by BlackBerry prior to maturity. The New 1.75% Debentures are convertible at any time into common shares of BlackBerry at an initial conversion price of $6.00 per common share, subject to adjustments in accordance with the terms of such New 1.75% Debentures.
Footnote F3
These securities are held by controlled subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other Reporting Persons. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.