Sec Form 4 Filing - Rapino Michael @ Live Nation Entertainment, Inc. - 2017-01-04

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Rapino Michael
2. Issuer Name and Ticker or Trading Symbol
Live Nation Entertainment, Inc. [ LYV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
C/O LIVE NATION ENTERTAINMENT, INC., 9348 CIVIC CENTER DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
01/04/2017
(Street)
BEVERLY HILLS, CA90210
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 12/27/2016 G( 2 ) V 10,000 D $ 0 766,196 D
Common Stock 12/27/2016 G( 2 ) V 10,000 A $ 0 10,000 I By Foundation
Common Stock 01/04/2017 S( 3 ) 10,000 D $ 27.53 ( 4 ) 0 I By Foundation
Common Stock 01/04/2017 M( 5 ) 40,000 A $ 24.95 806,196 D
Common Stock 01/04/2017 S( 5 ) 40,000 D $ 27.53 ( 4 ) 766,196 D
Common Stock 01/05/2017 M( 5 ) 50,000 A $ 24.95 816,196 D
Common Stock 01/05/2017 S( 5 ) 50,000 D $ 27.5 ( 6 ) 766,196 D
Common Stock 01/06/2017 M( 5 ) 40,000 A $ 24.95 806,196 D
Common Stock 01/06/2017 S( 5 ) 40,000 D $ 27.64 ( 7 ) 766,196 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (buy) $ 24.95 01/04/2017 M( 5 ) 40,000 ( 8 ) 02/16/2017 Common Stock 40,000 $ 0 630,000 D
Stock Option (buy) $ 24.95 01/05/2017 M( 5 ) 50,000 ( 8 ) 02/16/2017 Common Stock 50,000 $ 0 580,000 D
Stock Option (buy) $ 24.95 01/06/2017 M( 5 ) 40,000 ( 8 ) 02/16/2017 Common Stock 40,000 $ 0 540,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rapino Michael
C/O LIVE NATION ENTERTAINMENT, INC.
9348 CIVIC CENTER DRIVE
BEVERLY HILLS, CA90210
X President & CEO
Signatures
Kathy Willard, Attorney-in-Fact for Michael Rapino 01/06/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )MR. RAPINO HAS 670,000 OPTIONS EXPIRING ON FEBRUARY 16, 2017. MR. RAPINO HOLDS A TOTAL OF 8,695,820 SHARES AND OPTIONS, INCLUDING BOTH VESTED AND UNVESTED SHARES/OPTIONS AS OF JANUARY 1, 2017. MR. RAPINO HAS PUT IN PLACE A TRADING PLAN UNDER RULE 10b5-1 IN ORDER TO SYSTEMATICALLY SELL CERTAIN SHARES ALONG WITH THESE EXPIRING OPTIONS OVER SEVERAL WEEKS.
( 2 )This transaction involved a gift of securities by the reporting person to the Rapino Family Foundation (the "Foundation"), with which the reporting person is affiliated. The reporting person disclaims beneficial ownership of the shares held by the Foundation, and this report should not be deemed an admission that the reporting person is the beneficial owner of the Foundation's shares for purposes of Section 16 or for any other person.
( 3 )The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the Foundation on December 15, 2016.
( 4 )These transactions were executed in multiple trades at prices ranging from $27.30 to $27.69. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 5 )The exercises and sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2016 as further described above in Note 1.
( 6 )This transaction was executed in multiple trades at prices ranging from $27.35 to $27.79. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 7 )This transaction was executed in multiple trades at prices ranging from $27.39 to $27.74. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
( 8 )The options vested 167,500 each on February 16, 2008 and 2009 and 335,000 on January 25, 2010, and were due to expire in February 2017.

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