Form 4 for BB BLACKBERRY Ltd
Accepted 2024-02-20 00:00:00 ET · period of report 2024-02-15 · accession 0000947871-24-000176 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-20 | 2024-02-15 | BB | FFHL GROUP LTD | Former Dir, 10% Owner | M - OptEx | — | +296.6K | 296.6K | New | — |
| D | 2024-02-20 | 2024-02-15 | BB | FFHL GROUP LTD | Former Dir, 10% Owner | M - OptEx | — | -296.6K | 0 | -100% | — |
| DI | 2024-02-20 | 2024-02-15 | BB | FFHL GROUP LTD | Former Dir, 10% Owner | D - Sale to Iss | $150,000,000.00 | -1 | 0 | -100% | -$150.00M |
| D | 2024-02-20 | 2024-02-15 | BB | FFHL GROUP LTD | Former Dir, 10% Owner | A - Grant | — | +14.9K | 296.6K | +5% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2024-02-15 | M | A | 296,571 | — | 296,571 | D | — | — | (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. (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. |
| 2 | Derivative | Deferred Share Units | 2024-02-15 | M | D | 296,571 | — | 0 | D | — · — to — | 296,571 Common Shares | (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. (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. |
| 3 | Derivative | 1.75% Extendable Convertible Unsecured Debentures | 2024-02-15 | D | D | 1 | $150,000,000.00 | 0 | I See Footnote | — · — to — | 25,000,000 Common Shares | (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. (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. (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. |
| 4 | Derivative | Deferred Share Units | 2024-02-15 | A | A | 14,874 | — | 296,571 | D | — · — to — | 14,874 Common Shares | (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. (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. |