0001335258-22-000043.txt : 20220325 0001335258-22-000043.hdr.sgml : 20220325 20220325190232 ACCESSION NUMBER: 0001335258-22-000043 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220323 FILED AS OF DATE: 20220325 DATE AS OF CHANGE: 20220325 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rapino Michael CENTRAL INDEX KEY: 0001337041 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32601 FILM NUMBER: 22772850 MAIL ADDRESS: STREET 1: 9348 CIVIC CENTER DRIVE STREET 2: FOURTH FLOOR CITY: BEVERLY HILLS STATE: CA ZIP: 90210 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Live Nation Entertainment, Inc. CENTRAL INDEX KEY: 0001335258 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 203247759 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9348 CIVIC CENTER DRIVE CITY: BEVERLY HILLS STATE: CA ZIP: 90210 BUSINESS PHONE: 310-867-7200 MAIL ADDRESS: STREET 1: 9348 CIVIC CENTER DRIVE CITY: BEVERLY HILLS STATE: CA ZIP: 90210 FORMER COMPANY: FORMER CONFORMED NAME: Live Nation, Inc. DATE OF NAME CHANGE: 20060111 FORMER COMPANY: FORMER CONFORMED NAME: CCE Spinco, Inc. DATE OF NAME CHANGE: 20050804 4 1 wf-form4_164824933672143.xml FORM 4 X0306 4 2022-03-23 0 0001335258 Live Nation Entertainment, Inc. LYV 0001337041 Rapino Michael C/O LIVE NATION ENTERTAINMENT, INC. 9348 CIVIC CENTER DRIVE BEVERLY HILLS CA 90210 1 1 0 0 President & CEO Common Stock 2022-03-23 4 M 0 100000 8.71 A 3026241 D Common Stock 2022-03-23 4 S 0 41917 115.33 D 2984324 D Common Stock 2022-03-23 4 S 0 32032 115.97 D 2952292 D Common Stock 2022-03-23 4 S 0 3871 117.01 D 2948421 D Common Stock 2022-03-23 4 S 0 180 117.65 D 2948241 D Common Stock 2022-03-24 4 M 0 100000 8.71 A 3048241 D Common Stock 2022-03-24 4 S 0 2472 114.92 D 3045769 D Common Stock 2022-03-24 4 S 0 5215 115.90 D 3040554 D Common Stock 2022-03-24 4 S 0 36545 117.14 D 3004009 D Common Stock 2022-03-24 4 S 0 33768 117.53 D 2970241 D Common Stock 2022-03-25 4 M 0 100000 8.77 A 3070241 D Common Stock 2022-03-25 4 S 0 26503 115.40 D 3043738 D Common Stock 2022-03-25 4 S 0 39823 116.24 D 3003915 D Common Stock 2022-03-25 4 S 0 7695 117.22 D 2996220 D Common Stock 2022-03-25 4 S 0 3979 118.21 D 2992241 D Stock Option (buy) 8.71 2022-03-23 4 M 0 100000 0 D 2022-08-27 Common Stock 100000.0 100000 D Stock Option (buy) 8.71 2022-03-24 4 M 0 100000 0 D 2022-08-27 Common Stock 100000.0 0 D Stock Option (buy) 8.77 2022-03-25 4 M 0 100000 0 D 2022-12-10 Common Stock 100000.0 3500000 D The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan (the "trading plan"). Mr. Rapino has entered into this trading plan to exercise options which were granted in 2012 and would otherwise expire in 2022. Mr. Rapino's compensation continues to be heavily tied to the company's long-term performance. The payment of the options' exercise price and associated taxes will account for the majority of the proceeds from these options, with Mr. Rapino then receiving 66,000 shares of stock under the trading plan and the remainder being settled in cash. Following all transactions under the trading plan, which will exercise all expiring options, Mr. Rapino expects to then hold approximately 3.8 million shares of common stock, inclusive of all other common stock and restricted stock holdings, plus options to acquire an additional 627,602 shares of common stock. This transaction was executed in multiple trades at prices ranging from $114.61 to $115.60. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $115.61 to $116.59. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $116.63 to $117.59. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $117.65 to $117.69. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $114.26 to $115.22. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $115.32 to $116.25. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $116.33 to $117.32. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $117.33 to $117.82. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $114.83 to $115.82. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $115.83 to $116.82. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $116.83 to $117.80. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $117.83 to $118.80. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. The reporting person received the stock options on August 27, 2012 pursuant to an award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015. The options vested in four equal installments on August 27, 2013, 2014, 2015 and 2016. The reporting person received the stock options on December 10, 2012 pursuant to an award under the Live Nation Entertainment, Inc. 2005 Stock Incentive Plan, as amended and restated as of March 19, 2015. The options vested in five equal installments on December 10, 2013, 2014, 2015, 2016 and 2017. Brian Capo, Attorney-in-Fact for Michael Rapino 2022-03-25