Warner Music Group Corp. — Director's Dealing 2020

Dec 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Music Group Corp. (WMG)
CIK: 0001319161
Period of Report: 2020-12-08

Reporting Person: Cooper Stephen Forbes (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-08	Class A Common Stock	S	557000	$31.04	Disposed	4803864	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7048933	Indirect

Footnotes

F1: Includes shares of the Issuer's Class A Common Stock received in settlement of the reporting person's vested Deferred Equity Units issued under the Second Amended and Restated Warner Music Group Corp. Senior Management Free Cash Flow Plan.

F2: Includes shares of the Issuer's Class A Common Stock that converted from shares of the Issuer's Class B Common Stock previously held by WMG Management Holdings, LLC, ("Management LLC") represented by Class A Units and Class B Units of Management LLC held directly and in trust by the reporting person, which units in Management LLC were redeemed from the reporting person on December 2, 2020 in exchange for shares of the Issuer's Class A Common Stock pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of Management LLC.

F3: Held by two grantor retained annuity trusts.