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Liberty Global Ltd. — Director's Dealing 2024
Mar 4, 2024
31176_dirs_2024-03-04_a3c894af-022b-4858-b95f-79238cc14e61.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Liberty Global Ltd. (LBTY)
CIK: 0001570585
Period of Report: 2023-04-25
Reporting Person: COLE ANDREW (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-04-25 | Share Option A (right to buy) | $30.47 | D | 2920 | Disposed | 2026-06-16 | Class A Common Shares (2920) | Direct |
| 2023-04-25 | Share Option A (right to buy) | $30.47 | A | 2920 | Acquired | 2026-06-16 | Class A Common Shares (2920) | Direct |
| 2023-04-25 | Share Option A (right to buy) | $28.83 | D | 3575 | Disposed | 2027-06-21 | Class A Common Shares (3575) | Direct |
| 2023-04-25 | Share Option A (right to buy) | $28.83 | A | 3575 | Acquired | 2027-06-21 | Class A Common Shares (3575) | Direct |
| 2023-04-25 | Share Option A (right to buy) | $30.14 | D | 4412 | Disposed | 2028-06-12 | Class A Common Shares (4412) | Direct |
| 2023-04-25 | Share Option A (right to buy) | $30.14 | A | 4412 | Acquired | 2028-06-12 | Class A Common Shares (4412) | Direct |
| 2023-04-25 | Share Option C (right to buy) | $29.64 | D | 5840 | Disposed | 2026-06-16 | Class C Common Shares (5840) | Direct |
| 2023-04-25 | Share Option C (right to buy) | $29.64 | A | 5840 | Acquired | 2026-06-16 | Class C Common Shares (5840) | Direct |
| 2023-04-25 | Share Option C (right to buy) | $27.85 | D | 7150 | Disposed | 2027-06-21 | Class C Common Shares (7150) | Direct |
| 2023-04-25 | Share Option C (right to buy) | $27.85 | A | 7150 | Acquired | 2027-06-21 | Class C Common Shares (7150) | Direct |
| 2023-04-25 | Share Option C (right to buy) | $29.07 | D | 8823 | Disposed | 2028-06-12 | Class C Common Shares (8823) | Direct |
| 2023-04-25 | Share Option C (right to buy) | $29.07 | A | 8823 | Acquired | 2028-06-12 | Class C Common Shares (8823) | Direct |
Footnotes
F1: The reported transactions involve an extension of the seven-year exercise period on existing share options for an additional three-year period. For Form 4 reporting purposes, this is shown as if the outstanding option were to be cancelled and replaced by a new option. However, from the Issuer's perspective, no new option is issued, the Issuer has only extended the expiration term on the original grant, with the same pricing and other terms continuing to apply.
F2: This amendment is being filed solely to amend the number of derivative securities with respect to these transactions because the Form 4 filed by the Reporting Person on April 27, 2023 inadvertently did not reflect that on May 23, 2021, the Reporting Person became obligated to transfer half his share options (which for the purposes of the derivative securities reported here are: 2,920 Share Option A expiring on June 16, 2026; 3,575 Share Option A expiring on June 21, 2027; 3,529 Share Option A expiring on June 12, 2028; 5,840 Share Option C expiring on June 16, 2026; 7,150 Share Option C expiring on June 21, 2027; and 7,059 Share Option C expiring on June 12, 2028) to his ex-spouse pursuant to a domestic relations order.
F3: Vesting and exercise of the existing option has not changed as a result of the extension and therefore the option continues to be immediately exercisable.