Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
World Wrestling Entertainment, Inc.
---------------------------------------------
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
-------------------------------------------------
(Title of Class of Securities)
98156Q108
----------------------------------------------------
(CUSIP Number)
December 31, 2020
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page. Beneficial ownership information
contained herein is given as of the date listed above.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).
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CUSIP No. 98156Q108 SCHEDULE 13G
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Lindsell Train Limited
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 10,416,238 shares*
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
10,416,238 shares*
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,416,238 shares*
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.307%*
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(12) TYPE OF REPORTING PERSON (See Instructions)
IA
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*See Attachment A
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CUSIP No. 98156Q108 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Mr. Michael James Lindsell
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 10,416,238 shares*
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
10,416,238 shares*
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,416,238 shares*
------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.307 %*
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN,HC
------------------------------------------------------------------------------
*See Attachment A
------------------------------------------------------------------------------
CUSIP No. 98156Q108 SCHEDULE 13G
------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Mr. Nicholas John Train
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 10,416,238 shares*
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
10,416,238 shares*
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,416,238 shares*
------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.307 %*
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN,HC
------------------------------------------------------------------------------
*See Attachment A
------------------------------------------------------------------------------
CUSIP NO. 98156Q108 SCHEDULE 13G
Item 1(a). Name of Issuer:
World Wrestling Entertainment, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
1241 East Main Street
Stamford, CT 06902
USA
Item 2(a). Name of Persons Filing:
This Schedule 13G is being jointly filed by Lindsell Train Limited ("the
Manager"),a corporation organized under the laws of England and Wales, United
Kingdom, Mr. Michael James Lindsell and Mr. Nicholas Train with respect to
the ownership of shares of Class A Common Stock, par value $0.01 per share of
the Issuer ("Class A Common Stock") by several separately managed accounts over
which the Manager has investment discretion and/or voting power ("the Managed
Accounts"). The Manager and Messrs. Lindsell and Train are collectively
referred to in this Schedule 13G as the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of the Manager and Messrs.
Lindsell and Train is 66 Buckingham Gate, London SWIE 6AU, United Kingdom.
Item 2(c). Citizenship:
The Manager is a corporation organized under the laws of England and Wales, the
United Kingdom. Messrs. Lindsell and Train are citizens of the United Kingdom.
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
98156Q108
Item 3. If This Statement is Filed Pursuant to Sections 240.13d-1(b)
or 240.13d-2(b) or (c), Check Whether the Person Filing is a:
(a) [] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) [] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [] Insurance Company as defined in Section 3(a)(19) of the Act.
(d) [] Investment Company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).
(e) [x] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
(f) [] An employee benefit plan or endowment fund in accordance with Section
240.13d-1(b)(1)(ii)(F);
(g) [] A parent holding company or control person in accordance with Section
240.13d-1(b)(1)(ii)(G);
(h) [] A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
(i) [] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) [] A non-U.S. institution in accordance with Section
240.13d-1(b)(1)(ii)(J);
(k) [] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with Section
240.13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4. Ownership*
A. Lindsell Train Limited
(a) Amount Beneficially Owned: 10,416,238
(b) Percent of class: 22.307%
(c) Number of shares as to which the person has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or direct the vote: 10,416,238
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 10,416,238
B. Michael James Lindsell
(a) Amount Beneficially Owned: 10,416,238
(b) Percent of class: 22.307%
(c) Number of shares as to which the person has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or direct the vote: 10,416,238
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 10,416,238
B. Nicholas John Train
(a) Amount Beneficially Owned: 10,416,238
(b) Percent of class: 22.307%
(c) Number of shares as to which the person has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or direct the vote: 10,416,238
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 10,416,238
*See Attachment A
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The Reporting Persons have the power to direct the receipt of
dividends from or the proceeds from the sale of the shares of
Class A Common Stock owned by the Client Accounts. The Client
Accounts have the right to participate in the receipt of
dividends from, or proceeds from the sale of, the shares of
Class A Common Stock reported herein. The Lindsell Train
Global Equity Sub Fund has such rights with respect to more
than five percent of the outstanding shares of Class A Common
Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Controlling Person.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the secur-
ities and were not acquired and are not held in connection with or as a parti-
cipant in any transaction having that purpose or effect, other than activities
solely in connection with a nomination under Section 240.14a-11.
In accordance with Rule 13d-4 of the Securities Exchange Act of 1934, each of
the persons filing this statement expressly disclaim the beneficial ownership
of the securities covered by this statement and the filing of this report shall
not be construed as an admission by such persons that they are the beneficial
owners of such securities.
Exhibits Exhibit
99.1 The Joint Filing Agreement, executed by and among the Reporting Persons,
filed as an Exhibit to the Schedule 13G filed with the Securities and
Exchange Commission on February 13, 2014 by the Reporting Persons with
respect to the Issuer, is hereby incorporated by reference.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: February 10, 2021
Lindsell Train Limited
By: /s/ Michael C.Y. Lim
-------------------------------
Name: Michael C.Y. Lim
Title: Director
By: /s/ Michael James Lindsell
-------------------------------
Name: Michael James Lindsell
By: /s/ Nicholas John Train
-------------------------------
Name: Nicholas John Train
ATTACHMENT A
1. Items 4(a) and (b) of Schedule 13G
As of December 31, 2020, the Managed Accounts were the legal owners of
10,416,238 shares of Class A Common Stock. Based on there being 46,694,963
shares of Class A Common Stock, as reported
in the Quarterly Report on Form
10-Q of World Wrestling Entertainment, Inc. filed with the Securities and
Exchange Commission on October 29, 2020 (the "Form 10-Q"), the Managed
Accounts' holding represents approximately 22.307% of the outstanding Class
A Common Stock. No individual account holds more than 5% of the outstanding
Class A Common Stock.
The Manager serves as investment manager to the Managed Accounts and has voting
power and holds investment discretion over 10,416,238 shares of Class A Common
Stock representing 22.307% of the outstanding shares of Class A Common Stock.
Accordingly, the Manager may be deemed to be the beneficial owner of 22.307% of
outstanding shares of the Class A Common Stock.
Michael Lindsell owns a significant membership interest in the Manager and as
such may be deemed to control shares held by the Manager by virtue of his
interest in the Manager.
Nicholas Train owns a significant membership interest in the Manager and as
such may be deemed to control shares held by the Manager by virtue of his
interest in the Manager.
Each of the Reporting Persons disclaims beneficial ownership of the shares of
Class A Common Stock of the Issuer held by the Managed Accounts, except to the
extent of any pecunicary interest therefrom, and this report shall not be
deemed to be an admission that they are the beneficial owners of such
securities.
2. Item 4(c) of Schedule 13G
As of December 31, 2020, each of the Reporting Persons may be deemed to have the
power to vote or to direct the voting of and/or to dispose or to direct the
disposition of the 10,416,238 shares of Class A Common Stock held by the
Managed Accounts.
Each of the Reporting Persons disclaims beneficial ownership of the shares of
Class A Common Stock of the Issuer held by the Managed Accounts, except to the
extent of any pecunicary interest therefrom, and this report shall not be
deemed to be an admission that they are the beneficial owners of such
securities.