Filing Details

Accession Number:
0001335258-22-000137
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-09-16 21:15:29
Reporting Period:
2022-09-14
Accepted Time:
2022-09-16 21:15:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1335258 Live Nation Entertainment Inc. LYV Services-Amusement & Recreation Services (7900) 203247759
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1337041 Michael Rapino C/O Live Nation Entertainment, Inc.
9348 Civic Center Drive
Beverly Hills CA 90210
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-09-14 100,000 $8.77 3,767,273 No 4 M Direct
Common Stock Disposition 2022-09-14 15,100 $89.08 3,752,173 No 4 S Direct
Common Stock Disposition 2022-09-14 7,690 $90.04 3,744,483 No 4 S Direct
Common Stock Disposition 2022-09-14 39,890 $91.10 3,704,593 No 4 S Direct
Common Stock Disposition 2022-09-14 15,320 $92.14 3,689,273 No 4 S Direct
Common Stock Acquisiton 2022-09-15 100,000 $8.77 3,789,273 No 4 M Direct
Common Stock Disposition 2022-09-15 41,872 $92.15 3,747,401 No 4 S Direct
Common Stock Disposition 2022-09-15 26,831 $92.97 3,720,570 No 4 S Direct
Common Stock Disposition 2022-09-15 9,297 $94.05 3,711,273 No 4 S Direct
Common Stock Acquisiton 2022-09-16 100,000 $8.77 3,811,273 No 4 M Direct
Common Stock Disposition 2022-09-16 46,938 $87.47 3,764,335 No 4 S Direct
Common Stock Disposition 2022-09-16 15,822 $88.53 3,748,513 No 4 S Direct
Common Stock Disposition 2022-09-16 15,240 $89.28 3,733,273 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (buy) Disposition 2022-09-14 100,000 $0.00 100,000 $8.77
Common Stock Stock Option (buy) Disposition 2022-09-15 100,000 $0.00 100,000 $8.77
Common Stock Stock Option (buy) Disposition 2022-09-16 100,000 $0.00 100,000 $8.77
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,400,000 2022-12-10 No 4 M Direct
1,300,000 2022-12-10 No 4 M Direct
1,200,000 2022-12-10 No 4 M Direct
Footnotes
  1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan (the "trading plan"). Mr. Rapino has entered into this trading plan to exercise options which were granted in 2012 and would otherwise expire in 2022. Mr. Rapino's compensation continues to be heavily tied to the company's long-term performance. The payment of the options' exercise price and associated taxes will account for the majority of the proceeds from these options, with Mr. Rapino then receiving 66,000 shares of stock under the trading plan and the remainder being settled in cash. Following all transactions under the trading plan, which will exercise all expiring options, Mr. Rapino expects to then hold approximately 5.7 million shares of common stock and equity awards, inclusive of all other common stock, restricted stock holdings, a performance share award (of 1,117,037 shares) and options to acquire additional shares of common stock (627,602).
  2. This transaction was executed in multiple trades at prices ranging from $88.55 to $89.52. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  3. This transaction was executed in multiple trades at prices ranging from $89.56 to $90.55. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  4. This transaction was executed in multiple trades at prices ranging from $90.57 to $91.56. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  5. This transaction was executed in multiple trades at prices ranging from $91.57 to $92.38. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  6. This transaction was executed in multiple trades at prices ranging from $91.60 to $92.59. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  7. This transaction was executed in multiple trades at prices ranging from $92.60 to $93.59. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  8. This transaction was executed in multiple trades at prices ranging from $93.60 to $94.56. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  9. This transaction was executed in multiple trades at prices ranging from $87.06 to $88.04. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  10. This transaction was executed in multiple trades at prices ranging from $88.06 to $89.05. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  11. This transaction was executed in multiple trades at prices ranging from $89.06 to $90.00. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  12. The reporting person received the stock options on December 10, 2012 pursuant to an award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015. The options vested in five equal installments on December 10, 2013, 2014, 2015, 2016 and 2017.