BLACKBERRY Ltd — Director's Dealing 2020

Mar 3, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BLACKBERRY Ltd (BB)
CIK: 0001070235
Period of Report: 2020-03-01

Reporting Person: CHEN JOHN S (Director, Executive Chairman & CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4783191	Direct
Common Shares	1000000	Indirect
Common Shares	1000000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance-Based Restricted Share Units	$		Common Shares (5000000)		Direct
Restricted Share Units	$		Common Shares (4000000)		Direct

Footnotes

F1: Grantor retained annuity trust for the benefit of the reporting person and his children.

F2: Grantor retained annuity trust for the benefit of the reporting person's spouse and her children.

F3: Performance-Based Restricted Share Units ("RSUs") that may be earned in increments of one million common shares of BlackBerry Limited ("BlackBerry") when the 10-day average closing price of BlackBerry's common shares on the New York Stock Exchange reaches $16, $17, $18, $19 and $20, respectively. If earned, the increment will vest on the first anniversary of November 3, 2018, 2019, 2020, 2021 or 2022, respectively, following the date it was earned. Any Performance-Based RSUs that have not been earned before November 3, 2023 will terminate on such date.

F4: Each unit represents a contingent right to receive one common share or an equivalent amount of cash, or a combination of the two, at the discretion of BlackBerry.

F5: The RSUs will vest in four equal annual installments beginning November 3, 2020.