Form 4 for BB BLACKBERRY Ltd
Accepted 2021-11-05 00:00:00 ET · period of report 2021-11-03 · accession 0001070235-21-000127 · 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 | 2021-11-05 | 2021-11-03 | BB | CHEN JOHN S | CEO, Executive COB, Dir | S - Sale+OE | $11.14 | -2.22M | 6.00M | -27% | -$24.76M |
| DM | 2021-11-05 | 2021-11-03 | BB | CHEN JOHN S | CEO, Executive COB, Dir | M - OptEx | — | +4.00M | 8.23M | +95% | — |
| DM | 2021-11-05 | 2021-11-03 | BB | CHEN JOHN S | CEO, Executive COB, Dir | M - OptEx | — | -4.00M | 2.00M | -67% | — |
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 | 2021-11-03 | S | D | 2,222,844 | $11.14 | 6,002,344 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.73, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F2) Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")". |
| 2 | Common | Common Shares | 2021-11-03 | M | A | 1,000,000 | — | 5,225,188 | D | — | — | (F1) Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited ("BlackBerry"). |
| 3 | Common | Common Shares | 2021-11-03 | M | A | 3,000,000 | — | 8,225,188 | D | — | — | (F1) Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited ("BlackBerry"). |
| 4 | Derivative | Performance-Based Restricted Share Units | 2021-11-03 | M | D | 3,000,000 | — | 2,000,000 | D | — · — to — | 3,000,000 Common Shares | (F1) Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited ("BlackBerry"). (F5) This award was granted on April 10, 2018. Performance-Based RSUs may be earned in increments of one million common shares of BlackBerry when the 10-day average closing price of BlackBerry's common shares on the New York Stock Exchange reaches $16, $17, $18, $19 and $20, respectively. If earned, the increment will vest on the first anniversary of November 3, 2018, 2019, 2020, 2021 or 2022, respectively, that follows the date on which they are earned. Any Performance-Based RSUs that have not been earned before November 3, 2023 will terminate on such date. |
| 5 | Derivative | Restricted Share Units | 2021-11-03 | M | D | 1,000,000 | — | 2,000,000 | D | — · — to — | 1,000,000 Common Shares | (F1) Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry Limited ("BlackBerry"). (F4) This award was granted on April 10, 2018 and, assuming continued employment through the applicable vesting date, vests in five equal annual instalments ending November 3, 2023. |