Chen John S's Form 4/A amendment
AmendedBLACKBERRY Ltd (BB) · filed Feb 10, 2022
- Accession no.
- 0001070235-22-000028
- Filed
- Feb 10, 2022
- Trade date
- Nov 3, 2021
- Filing delay
- 99 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Nov 5, 2021
This filing lists 3 non-derivative transactions and 2 derivative transactions. Open-market sales total $24.8M. It was filed 99 days after the trade.
This amendment replaces 0001070235-21-000127 (filed Nov 5, 2021).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Chen John SCIK 0001082030 | Director, Officer (Executive Chairman & CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 3, 2021 | Common Shares | MOption exerciseAcquired | +1,000,000 | –F1 | – | 5,225,188 | Direct | |
| Nov 3, 2021 | Common Shares | MOption exerciseAcquired | +3,000,000 | –F1 | – | 8,225,188 | Direct | |
| Nov 3, 2021 | Common Shares | SSaleDisposed | −2,222,844 | $11.14F3 | −$24,762,482.16 | 6,002,344 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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 Limited ("BlackBerry").
Referenced by the price of 2 transactions in Table I and 2 transactions in Table II.
- F2
Sales to cover withholding taxes upon vesting of Restricted Share Units ("RSUs")".
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.90 to $11.73, exclusive of any fees, commissions or other expenses. The Reporting Person undertakes to provide BlackBerry, any shareholder of BlackBerry, or the Staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F4
This award was granted on April 10, 2018 and, assuming continued employment through the applicable vesting date, vests in five equal annual instalments ending November 3, 2023.
- F5
This award was granted on April 10, 2018. Performance-Based RSUs may be earned in increments of one million common shares of BlackBerry when the 10-day trading average 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, that follows the date on which they are earned. Any Performance-Based RSUs that have not been earned before November 3, 2023 will terminate on such date.
Remarks
This amendment is being filed to address an error in the footnote describing the terms of vesting of the Performance-Based RSUs.