Cohen Lyor 4
4 · Warner Music Group Corp. · Filed Jul 22, 2011
Insider Transaction Report
Form 4
Cohen Lyor
VC,WMG&Chairman&CEO,RM-Am&UK
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$2.96/sh−1,500,000$4,440,000→ 0 totalExercise: $5.29→ Common Stock, par value $0.001 (1,500,000 underlying) - Disposition to Issuer
Common Stock, par value $0.001
2011-07-20$8.25/sh−1,750,000$14,437,500→ 0 total
Footnotes (2)
- [F1]Disposition in connection with the merger (the "Merger") of Airplanes Merger Sub, Inc. with and into Warner Music Group Corp., exempt pursuant to Rule 16-3, in which all outstanding shares were converted into the right to receive $8.25 per share and all options were cancelled in exchange for a cash payment equal to the excess, if any, of $8.25 over the exercise price.
- [F2]All options became vested and were cancelled upon consummation of the Merger.