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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| 0.50% Exch. Sr. Debentures due 2050 (obligation to sell) | (1) (3) | 08/29/2024(1) | C(1)(3) | $ 200,000 | (3) | 12/01/2050 | Common Stock | 2,219 | (3) | $ 62,155,000 | D | ||||
| 0.50% Exch. Sr. Debentures due 2050 (obligation to sell) | (2) (3) | 08/30/2024(2) | C(2)(3) | $ 49,605,000 | (3) | 12/01/2050 | Common Stock | 550,531 | (3) | $ 12,550,000 | D | ||||
| 0.50% Exch. Sr. Debentures due 2050 (obligation to sell) | (3) (4) | 08/30/2024(2) | P(3)(4) | $ 12,550,000 | (3) | 12/01/2050 | Common Stock | 139,283 | (4) | $ 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Liberty Media Corp 12300 LIBERTY BOULEVARD ENGLEWOOD, CO 80112 |
X | X | ||
| Liberty Media Corporation By: /s/ Katherine C. Jewell, Title: Vice President | 09/03/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | On August 29, 2024, the election of holders of an aggregate of $200,000 in original principal amount of the reporting person's 0.50% exchangeable senior debentures due 2050 (the "Debentures") to exchange such Debentures for cash having a value equal to the current market price of the reference shares attributable to each Debenture exchanged became irrevocable. |
| (2) | On August 30, 2024, the election of holders of an aggregate of $49,605,000 in original principal amount of the Debentures to exchange such Debentures for cash having a value equal to the current market price of the reference shares attributable to each Debenture exchanged became irrevocable. |
| (3) | Currently, the reference shares attributable to each $1,000 original principal amount of Debentures consist of 11.0983 shares of the common stock, par value $0.01 per share, of Live Nation Entertainment, Inc. In connection with such exchanges, the current market price for each reference share will be equal to the average of the daily volume weighted average price of that reference share on the New York Stock Exchange for the 30 trading day period commencing on the fourth trading day following September 1, 2024. The Debentures were exchangeable solely for cash, at the option of the holder and subject to certain terms and conditions, at any time during the period commencing on June 1, 2024 until the close of business on August 29, 2024. |
| (4) | On August 30, 2024, the reporting person became obligated to redeem the $12,550,000 principal amount of the Debentures that remained outstanding. On September 3, 2024, holders of the Debentures received payment of $1,000 for each $1,000 principal amount of the Debentures redeemed, plus accrued and unpaid interest in the amount of $0.00. |