Form 4 for WMG Warner Music Group Corp.
Accepted 2022-01-07 00:00:00 ET · period of report 2022-01-06 · accession 0001209191-22-002441 · 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 | 2022-01-07 | 2022-01-06 | WMG | Blavatnik Len | Dir, Affiliate of 10% Owner | C - Cnv Deriv | $0.00 | +4.21M | 1.87M | New | $0 |
| DMI | 2022-01-07 | 2022-01-06 | WMG | Blavatnik Len | Dir, Affiliate of 10% Owner | S - Sale | $40.66 | -4.21M | 0 | -100% | -$171.01M |
| D | 2022-01-07 | 2022-01-06 | WMG | Blavatnik Len | Dir, Affiliate of 10% Owner | C - Cnv Deriv | $0.00 | +4.36M | 4.36M | New | $0 |
| D | 2022-01-07 | 2022-01-06 | WMG | Blavatnik Len | Dir, Affiliate of 10% Owner | S - Sale | $40.66 | -4.36M | 0 | -100% | -$177.14M |
| D | 2022-01-07 | 2022-01-06 | WMG | Blavatnik Len | Dir, Affiliate of 10% Owner | C - Cnv Deriv | — | -4.36M | 365.70M | -1% | — |
| DMI | 2022-01-07 | 2022-01-06 | WMG | Blavatnik Len | Dir, Affiliate of 10% Owner | C - Cnv Deriv | — | -4.21M | 0 | -100% | — |
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 | 2022-01-06 | C | A | 2,337,392 | $0.00 | 2,337,392 | 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 such securities. |
| 2 | Common | Class A Common Stock | 2022-01-06 | S | D | 2,337,392 | $40.66 | 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 such securities. |
| 3 | Common | Class A Common Stock | 2022-01-06 | C | A | 1,868,428 | $0.00 | 1,868,428 | I | — | — | |
| 4 | Common | Class A Common Stock | 2022-01-06 | S | D | 1,868,428 | $40.66 | 0 | I | — | — | |
| 5 | Common | Class A Common Stock | 2022-01-06 | C | A | 4,356,680 | $0.00 | 4,356,680 | D By LLC | — | — | (F1) The securities reported are held directly by AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) 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. (F2) 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. |
| 6 | Common | Class A Common Stock | 2022-01-06 | S | D | 4,356,680 | $40.66 | 0 | D By LLC | — | — | (F1) The securities reported are held directly by AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) 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. (F2) 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 | Derivative | Class B Common Stock | 2022-01-06 | C | D | 4,356,680 | — | 365,701,589 | D By LLC | — · — to — | 4,356,680 Class A Common Stock | (F4) 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 AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) 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. (F2) 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. |
| 8 | Derivative | Class B Common Stock | 2022-01-06 | C | D | 1,868,428 | — | 0 | I | — · — to — | 1,868,428 Class A Common Stock | (F4) 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. |
| 9 | Derivative | Class B Common Stock | 2022-01-06 | C | D | 2,337,392 | — | 0 | I By LLC | — · — to — | 2,337,392 Class A Common Stock | (F4) 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 such securities. |