Home/Filings/4/0000947871-24-000176

4//SEC Filing

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 4

Accession 0000947871-24-000176

$FRFHFCIK 0001070235other

View on SEC.gov Company Profile

Filed

Feb 19, 7:00 PM ET

Accepted

Feb 20, 5:21 PM ET

Size

22.8 KB

Accession

0000947871-24-000176

Insider Transaction Report

Form 4

Period: 2024-02-15

BLACKBERRY LtdBB

WATSA V PREM ET AL

Director10% Owner

Transactions

Exercise/Conversion
Common Shares
2024-02-15+296,571→ 296,571 total
Disposition to Issuer
1.75% Extendable Convertible Unsecured Debentures
2024-02-15$150000000.00/sh−1$150,000,000→ 0 total(indirect: See Footnote)
→ Common Shares (25,000,000 underlying)
Award
Deferred Share Units
2024-02-15+14,874→ 296,571 total
→ Common Shares (14,874 underlying)
Exercise/Conversion
Deferred Share Units
2024-02-15−296,571→ 0 total
→ Common Shares (296,571 underlying)

Holdings

Common Shares
(indirect: See Footnote)
129,000
Common Shares
(indirect: See Footnote)
46,724,700

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN

Director10% Owner

Transactions

Exercise/Conversion
Common Shares
2024-02-15+296,571→ 296,571 total
Disposition to Issuer
1.75% Extendable Convertible Unsecured Debentures
2024-02-15$150000000.00/sh−1$150,000,000→ 0 total(indirect: See Footnote)
→ Common Shares (25,000,000 underlying)
Award
Deferred Share Units
2024-02-15+14,874→ 296,571 total
→ Common Shares (14,874 underlying)
Exercise/Conversion
Deferred Share Units
2024-02-15−296,571→ 0 total
→ Common Shares (296,571 underlying)

Holdings

Common Shares
(indirect: See Footnote)
129,000
Common Shares
(indirect: See Footnote)
46,724,700

1109519 ONTARIO LTD

Director10% Owner

Transactions

Exercise/Conversion
Common Shares
2024-02-15+296,571→ 296,571 total
Disposition to Issuer
1.75% Extendable Convertible Unsecured Debentures
2024-02-15$150000000.00/sh−1$150,000,000→ 0 total(indirect: See Footnote)
→ Common Shares (25,000,000 underlying)
Award
Deferred Share Units
2024-02-15+14,874→ 296,571 total
→ Common Shares (14,874 underlying)
Exercise/Conversion
Deferred Share Units
2024-02-15−296,571→ 0 total
→ Common Shares (296,571 underlying)

Holdings

Common Shares
(indirect: See Footnote)
129,000
Common Shares
(indirect: See Footnote)
46,724,700

SIXTY TWO INVESTMENT CO LTD

Director10% Owner

Transactions

Exercise/Conversion
Common Shares
2024-02-15+296,571→ 296,571 total
Disposition to Issuer
1.75% Extendable Convertible Unsecured Debentures
2024-02-15$150000000.00/sh−1$150,000,000→ 0 total(indirect: See Footnote)
→ Common Shares (25,000,000 underlying)
Award
Deferred Share Units
2024-02-15+14,874→ 296,571 total
→ Common Shares (14,874 underlying)
Exercise/Conversion
Deferred Share Units
2024-02-15−296,571→ 0 total
→ Common Shares (296,571 underlying)

Holdings

Common Shares
(indirect: See Footnote)
129,000
Common Shares
(indirect: See Footnote)
46,724,700

FFHL GROUP LTD

Director10% Owner

Transactions

Exercise/Conversion
Common Shares
2024-02-15+296,571→ 296,571 total
Disposition to Issuer
1.75% Extendable Convertible Unsecured Debentures
2024-02-15$150000000.00/sh−1$150,000,000→ 0 total(indirect: See Footnote)
→ Common Shares (25,000,000 underlying)
Award
Deferred Share Units
2024-02-15+14,874→ 296,571 total
→ Common Shares (14,874 underlying)
Exercise/Conversion
Deferred Share Units
2024-02-15−296,571→ 0 total
→ Common Shares (296,571 underlying)

Holdings

Common Shares
(indirect: See Footnote)
129,000
Common Shares
(indirect: See Footnote)
46,724,700

Footnotes (6)

[F1]In connection with the cessation of the Reporting Person's service as a director of the Issuer, the Reporting Person received Common Shares in settlement of outstanding Deferred Share Units ("DSUs").
[F2]The DSUs are held directly and solely by Mr. Watsa and were received in connection with service as a director of the Issuer. Each DSU is the economic equivalent of one common share.
[F3]Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that other Reporting Persons are beneficial owners of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act.
[F4]These securities are held by The Second 810 Holdco Ltd ("810 Holdco"). Mr. Watsa is the controlling person of 810 Holdco.
[F5]These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other Reporting Persons.
[F6]The 1.75% extendable convertible unsecured debentures (the "Debentures") were repaid at par upon maturity by the Issuer. The Debentures had a maturity date of February 15, 2024 and were convertible at any time into common shares of the Issuer at an initial conversion price of $6.00 per common share (for a total value of $150,000,000, which was inadvertently stated as $150,000 in the Form 4 filed on November 15, 2023 (as was the $330,000 stated in the same Form 4, which should have read $330,000,000), both of which amounts are deemed amended by the filing of this Form 4), subject to adjustments in accordance with the terms of such Debentures. None of the Debentures were converted into common shares of the Issuer prior to repayment.

Documents

1 file

4
ownership.xmlPrimary

Issuer

BLACKBERRY Ltd

CIK 0001070235

→

Entity typeother

IncorporatedCanada (Federal Level)

Related Parties

filerCIK 0000915191

Filing Metadata

Form type: 4
Filed: Feb 19, 7:00 PM ET
Accepted: Feb 20, 5:21 PM ET
Size: 22.8 KB

View on SEC.gov