Statement of Changes in Beneficial Ownership (4)
April 03 2020 - 6:42PM
Edgar (US Regulatory)
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 OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Rai Steve |
2. Issuer Name and Ticker or Trading Symbol
BLACKBERRY Ltd
[
BB
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O BLACKBERRY LIMITED, 2200 UNIVERSITY AVENUE EAST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/1/2020 |
(Street)
WATERLOO, A6 N2K 0A7
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares | 4/1/2020 | | M | | 2079 | A | (1) | 17165 (2) | D | |
Common Shares | 4/1/2020 | | S | | 1183 | D(3) | $3.33 (4)(5) | 15982 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 |
Restricted Share Units | (1) | 4/1/2020 | | M | | | 2079 | (6) | (6) | Common Shares | 2079.0 | (1) | 4158 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | Includes 3,285 shares acquired under the Company's Employee Stock Purchase Plan on March 31, 2020. |
(3) | Sales to cover withholding taxes upon vesting of Restricted Stock Units ("RSUs")". |
(4) | The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date. |
(5) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.73 CAD to $4.74 CAD, 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. |
(6) | The RSUs will vest in three equal annual installments beginning April 1, 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Rai Steve C/O BLACKBERRY LIMITED 2200 UNIVERSITY AVENUE EAST WATERLOO, A6 N2K 0A7 |
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| Chief Financial Officer |
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Signatures
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/s/ Fraser Deziel, Attorney-in-Fact for Steve Rai | | 4/3/2020 |
**Signature of Reporting Person | Date |
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