Form 4 for LBTYA Liberty Global Ltd.
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001570585-23-000040 · 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 | 2023-03-03 | 2023-03-01 | LBTYA | FRIES MICHAEL T | Pres, CEO, Dir | F - Tax | $21.12 | -2,253 | 1.53M | -0.1% | -$47.6K |
| D | 2023-03-03 | 2023-03-01 | LBTYA | FRIES MICHAEL T | Pres, CEO, Dir | A - Grant | — | +7,595 | 1.53M | +0.5% | — |
| D | 2023-03-03 | 2023-03-01 | LBTYA | FRIES MICHAEL T | Pres, CEO, Dir | D - Sale to Iss | — | -7,890 | 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 C Ordinary Shares | 2023-03-01 | F | D | 2,253 | $21.12 | 1,531,525 | D | — | — | |
| 2 | Common | Class C Ordinary Shares | 2023-03-01 | A | A | 7,595 | — | 1,533,778 | D | — | — | (F1) Pursuant to the Issuer's shareholding incentive program available to management generally, the Reporting Person received 7,890 Restricted Share Units (RSUs) in 2022, each representing a right to receive one share of Issuer's Class B ordinary shares. Under the terms of the Reporting Person's employment agreement, the RSUs were rebalanced pursuant to an Irrevocable Rebalance Notice of Certain Unvested Equity Awards, dated December 19, 2022, so that the Reporting Person received an equal value of Class C ordinary shares on settlement of the RSUs vesting in lieu of Class B ordinary shares. This Form 4 reflects the settlement of the RSUs into Class C ordinary shares; the RSUs are no longer outstanding, and no sale occurred. |
| 3 | Derivative | Restricted Share Units B | 2023-03-01 | D | D | 7,890 | — | 0 | D | — · — to — | 7,890 Class B Ordinary Shares | (F3) Due to a clerical error by the Issuer, the number of shares underlying the RSU was incorrectly stated on the Form 4 filed with the Commission on March 16, 2022 to report the grant of the RSU, and such report is deemed amended by this report on Form 4, which reflects the correct number of shares underlying the RSU, which is 234 additional shares. (F1) Pursuant to the Issuer's shareholding incentive program available to management generally, the Reporting Person received 7,890 Restricted Share Units (RSUs) in 2022, each representing a right to receive one share of Issuer's Class B ordinary shares. Under the terms of the Reporting Person's employment agreement, the RSUs were rebalanced pursuant to an Irrevocable Rebalance Notice of Certain Unvested Equity Awards, dated December 19, 2022, so that the Reporting Person received an equal value of Class C ordinary shares on settlement of the RSUs vesting in lieu of Class B ordinary shares. This Form 4 reflects the settlement of the RSUs into Class C ordinary shares; the RSUs are no longer outstanding, and no sale occurred. (F4) The RSUs vested in full on March 1, 2023. |