Form 4 for WMG Warner Music Group Corp.
Accepted 2021-12-10 00:00:00 ET · period of report 2021-12-08 · accession 0001209191-21-069127 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-12-10 | 2021-12-08 | WMG | Altep 2012 L.P. | Affiliate of 10% Owner | S - Sale | $41.25 | -4.16M | 0 | -100% | -$171.63M |
| DMI | 2021-12-10 | 2021-12-08 | WMG | Altep 2012 L.P. | Affiliate of 10% Owner | C - Cnv Deriv | $0.00 | +4.16M | 479.8K | New | $0 |
| DMI | 2021-12-10 | 2021-12-08 | WMG | Altep 2012 L.P. | Affiliate of 10% Owner | C - Cnv Deriv | — | -4.16M | 1.58M | -73% | — |
| DI | 2021-12-10 | 2021-12-08 | WMG | Altep 2012 L.P. | Affiliate of 10% Owner | G - Gift | $0.00 | +4.89M | 4.89M | New | $0 |
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 | Class A Common Stock | 2021-12-08 | S | D | 17,381 | $41.25 | 0 | I By partnership | — | — | (F4) The securities reported are held directly by Altep 2012 L.P. ("Altep 2012") and may be deemed to be beneficially owned by AI Altep Holdings, Inc. and Mr. Blavatnik because AI Altep Holdings, Inc. is the general partner of Altep 2012 and Mr. Blavatnik controls AI Altep Holdings, Inc. Each of the reporting persons (other than Altep 2012) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. |
| 2 | Common | Class A Common Stock | 2021-12-08 | C | A | 2,553,394 | $0.00 | 2,553,394 | I By LB Remainder Holdings LLC | — | — | (F1) The securities reported are held directly by LB Remainder Holdings LLC ("Remainder") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik because AIM is the manager of Remainder and Mr. Blavatnik is the controlling person of AIM and is the sole member of Remainder. Each of the reporting persons (other than Remainder) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. |
| 3 | Common | Class A Common Stock | 2021-12-08 | C | A | 17,381 | $0.00 | 17,381 | I By partnership | — | — | (F4) The securities reported are held directly by Altep 2012 L.P. ("Altep 2012") and may be deemed to be beneficially owned by AI Altep Holdings, Inc. and Mr. Blavatnik because AI Altep Holdings, Inc. is the general partner of Altep 2012 and Mr. Blavatnik controls AI Altep Holdings, Inc. Each of the reporting persons (other than Altep 2012) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. |
| 4 | Common | Class A Common Stock | 2021-12-08 | S | D | 1,110,170 | $41.25 | 0 | I By LLC | — | — | (F3) The securities reported are held directly by CT/FT Holdings LLC ("CT/FT") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM is the manager of CT/FT and Mr. Blavatnik is the controlling person of AIM. Each of the reporting persons (other than CT/FT) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. |
| 5 | Common | Class A Common Stock | 2021-12-08 | C | A | 1,110,170 | $0.00 | 1,110,170 | I By LLC | — | — | (F3) The securities reported are held directly by CT/FT Holdings LLC ("CT/FT") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM is the manager of CT/FT and Mr. Blavatnik is the controlling person of AIM. Each of the reporting persons (other than CT/FT) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. |
| 6 | Common | Class A Common Stock | 2021-12-08 | S | D | 2,553,394 | $41.25 | 0 | I By LB Remainder Holdings LLC | — | — | (F1) The securities reported are held directly by LB Remainder Holdings LLC ("Remainder") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik because AIM is the manager of Remainder and Mr. Blavatnik is the controlling person of AIM and is the sole member of Remainder. Each of the reporting persons (other than Remainder) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. |
| 7 | Common | Class A Common Stock | 2021-12-08 | C | A | 479,800 | $0.00 | 479,800 | I By LLC | — | — | (F2) The securities reported are held directly by Access Industries, LLC ("AI") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM is the controlling entity of AI and Mr. Blavatnik is the controlling person of AIM and holder of a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AI) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. |
| 8 | Common | Class A Common Stock | 2021-12-08 | S | D | 479,800 | $41.25 | 0 | I By LLC | — | — | (F2) The securities reported are held directly by Access Industries, LLC ("AI") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM is the controlling entity of AI and Mr. Blavatnik is the controlling person of AIM and holder of a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AI) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. |
| 9 | Derivative | Class B Common Stock | 2021-12-08 | C | D | 1,110,170 | — | 1,868,428 | I By LLC | — · — to — | 1,110,170 Class A Common Stock | (F5) Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. (F3) The securities reported are held directly by CT/FT Holdings LLC ("CT/FT") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM is the manager of CT/FT and Mr. Blavatnik is the controlling person of AIM. Each of the reporting persons (other than CT/FT) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. |
| 10 | Derivative | Class B Common Stock | 2021-12-08 | C | D | 479,800 | — | 0 | I By LLC | — · — to — | 479,800 Class A Common Stock | (F5) Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. (F2) The securities reported are held directly by Access Industries, LLC ("AI") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik, because AIM is the controlling entity of AI and Mr. Blavatnik is the controlling person of AIM and holder of a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AI) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form. |
| 11 | Derivative | Class B Common Stock | 2021-12-08 | C | D | 2,553,394 | — | 2,337,392 | I By LB Remainder Holdings LLC | — · — to — | 2,553,394 Class A Common Stock | (F5) Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. (F1) The securities reported are held directly by LB Remainder Holdings LLC ("Remainder") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik because AIM is the manager of Remainder and Mr. Blavatnik is the controlling person of AIM and is the sole member of Remainder. Each of the reporting persons (other than Remainder) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. |
| 12 | Derivative | Class B Common Stock | 2021-12-08 | G | A | 4,890,786 | $0.00 | 4,890,786 | I By LB Remainder Holdings LLC | — · — to — | 4,890,786 Class A Common Stock | (F6) The securities were distributed to Remainder in its capacity as a beneficiary in connection with the termination of a grantor retained annuity trust. (F1) The securities reported are held directly by LB Remainder Holdings LLC ("Remainder") and may be deemed to be beneficially owned by AIM and Mr. Blavatnik because AIM is the manager of Remainder and Mr. Blavatnik is the controlling person of AIM and is the sole member of Remainder. Each of the reporting persons (other than Remainder) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. (F5) Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. |
| 13 | Derivative | Class B Common Stock | 2021-12-08 | C | D | 17,381 | — | 1,575,066 | I By partnership | — · — to — | 17,381 Class A Common Stock | (F5) Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. (F4) The securities reported are held directly by Altep 2012 L.P. ("Altep 2012") and may be deemed to be beneficially owned by AI Altep Holdings, Inc. and Mr. Blavatnik because AI Altep Holdings, Inc. is the general partner of Altep 2012 and Mr. Blavatnik controls AI Altep Holdings, Inc. Each of the reporting persons (other than Altep 2012) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities. |