Key facts
- This page summarizes Watsa V Prem Et al's Form 4 filing for BLACKBERRY Ltd (BB).
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 20 Feb 2024, 17:21.
Watsa V Prem Et al - 15 Feb 2024 Form 4 Insider Report for BLACKBERRY Ltd (BB)
- Reporting relationship
- Former Director and 10% Owner
- Issuer ticker
- BB
- Reported as of
- 15 Feb 2024
- Net transaction value
- -$150,000,000
- SEC form
- 4
- Accepted by SEC
- 20 Feb 2024, 17:21:32 UTC
- Prior SEC filing
- 04 Dec 2023
- Next SEC filing
- 29 Dec 2025
- 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 20 Feb 2024.
Change
- Previous filing in this sequence was filed on 04 Dec 2023.
- Current net transaction value: -$150,000,000.
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 non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BB
transaction
Common Shares
Options Exercise
- Transaction value
- Shares
- +296,571
- Change %
- Price
- Shares after
- 296,571
- Date
- 15 Feb 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
BB
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 129,000
- Date
- 15 Feb 2024
- Ownership
- See Footnote
- Footnotes
- F3, F4
BB
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 46,724,700
- Date
- 15 Feb 2024
- Ownership
- See Footnote
- Footnotes
- F3, F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BB
transaction
Derivative
1.75% Extendable Convertible Unsecured Debentures
Disposed to Issuer
- Transaction value
- $150,000,000
- Shares
- -1
- Change %
- -100%
- Price
- $150000000.00*
- Shares after
- 0
- Date
- 15 Feb 2024
- Ownership
- See Footnote
- Underlying class
- Common Shares
- Underlying amount
- 25,000,000
- Exercise price
- Footnotes
- F3, F5, F6
BB
transaction
Derivative
Deferred Share Units
Award
- Transaction value
- Shares
- +14,874
- Change %
- +5.3%
- Price
- Shares after
- 296,571
- Date
- 15 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 14,874
- Exercise price
- Footnotes
- F2, F3
BB
transaction
Derivative
Deferred Share Units
Options Exercise
- Transaction value
- Shares
- -296,571
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 15 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 296,571
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Watsa V Prem Et al is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
In connection with the cessation of the Reporting Person's service as a director of the Issuer, the Reporting Person received Common Shares in settlement of outstanding Deferred Share Units ("DSUs").
Footnote F2
The DSUs are held directly and solely by Mr. Watsa and were received in connection with service as a director of the Issuer. Each DSU is the economic equivalent of one common share.
Footnote F3
Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under 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 other Reporting Persons are beneficial owners of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act.
Footnote F4
These securities are held by The Second 810 Holdco Ltd ("810 Holdco"). Mr. Watsa is the controlling person of 810 Holdco.
Footnote F5
These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other Reporting Persons.
Footnote F6
The 1.75% extendable convertible unsecured debentures (the "Debentures") were repaid at par upon maturity by the Issuer. The Debentures had a maturity date of February 15, 2024 and were convertible at any time into common shares of the Issuer at an initial conversion price of $6.00 per common share (for a total value of $150,000,000, which was inadvertently stated as $150,000 in the Form 4 filed on November 15, 2023 (as was the $330,000 stated in the same Form 4, which should have read $330,000,000), both of which amounts are deemed amended by the filing of this Form 4), subject to adjustments in accordance with the terms of such Debentures. None of the Debentures were converted into common shares of the Issuer prior to repayment.