AI Altep Holdings, Inc 4
4 · Warner Music Group Corp. · Filed Sep 28, 2021
Insider Transaction Report
Form 4
AI Entertainment Holdings LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2021-09-24+2,330,259→ 2,330,259 total - Sale
Class A Common Stock
2021-09-24$43.73/sh−2,330,259$101,902,226→ 0 total - Conversion
Class A Common Stock
2021-09-24+9,741→ 9,741 total(indirect: By Partnership) - Conversion
Class B Common Stock
2021-09-24−2,330,259→ 370,058,269 total→ Class A Common Stock (2,330,259 underlying) - Sale
Class A Common Stock
2021-09-24$43.73/sh−9,741$425,974→ 0 total(indirect: By Partnership) - Conversion
Class B Common Stock
2021-09-24−9,741→ 1,592,447 total(indirect: By Partnership)→ Class A Common Stock (9,741 underlying)
Footnotes (3)
- [F1]The securities reported are held directly by AI Entertainment Holdings LLC ("AIEH") and may be deemed to be beneficially owned by AIPH Holdings LLC ("AIPH"), Access Industries Holdings LLC ("AIH"), Access Industries, LLC ("AI"), Access Industries Management, LLC ("AIM") and Mr. Blavatnik, because AIPH is the parent of AIEH, AIH controls a majority of the outstanding voting interests in AIPH, AI controls a majority of the outstanding voting interests in AIH, AIM controls AI and AIH and Mr. Blavatnik is the controlling person of AIM and controls a majority of the outstanding voting interests in AI. Each of the reporting persons (other than AIEH) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any of the securities reported on this Form.
- [F2]The securities reported are held directly by Altep 2012 L.P. ("Altep 2012") and may be deemed to be beneficially owned by AI Altep Holdings, Inc. and Mr. Blavatnik because AI Altep Holdings, Inc. is the general partner of Altep 2012 and Mr. Blavatnik controls AI Altep Holdings, Inc. Each of the reporting persons (other than Altep 2012) disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this Form shall not be construed as an admission that any such reporting person is the beneficial owner of any such securities.
- [F3]Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date.