Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 
   

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* WATSA V PREM ET AL (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BLACKBERRY Ltd [ BB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/13/2023
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: 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
1.75% Unsecured Convertible Debentures	(1)	11/13/2023		D(1)			1	(1)	(1)	Common Shares	55,000,000(1)	$330,000	0	I	See Footnote(3)
1.75% Extendable Convertible Unsecured Debentures(2)	(2)	11/13/2023		A(2)		1		(2)	(2)	Common Shares	25,000,000(2)	$150,000(2)	1	I	See Footnote(3)

1. Name and Address of Reporting Person* WATSA V PREM ET AL (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip)

1. Name and Address of Reporting Person* FAIRFAX FINANCIAL HOLDINGS LTD/ CAN (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip)

1. Name and Address of Reporting Person* SECOND 1109 HOLDCO LTD. (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip)

1. Name and Address of Reporting Person* SIXTY TWO INVESTMENT CO LTD (Last) (First) (Middle) 1600 CATHEDRAL PLACE 925 WEST GEORGIA ST. (Street) VANCOUVER A1 V6C 3L3 (City) (State) (Zip)

1. Name and Address of Reporting Person* FFHL GROUP LTD (Last) (First) (Middle) 95 WELLINGTON STREET WEST SUITE 800 (Street) TORONTO A6 M5J 2N7 (City) (State) (Zip)

Explanation of Responses:

1. The 1.75% unsecured convertible debentures (the "Old 1.75% Debentures") were repaid upon maturity by BlackBerry Limited ("BlackBerry"). The Old 1.75% Debentures had a maturity date of November 13, 2023 and were convertible at any time into common shares of BlackBerry at an initial conversion price of $6.00 per common share. None of the Old 1.75% Debentures were converted into common shares of BlackBerry prior to repayment.

2. The 1.75% extendable convertible unsecured debentures (the "New 1.75% Debentures") have a stated maturity of February 15, 2024, with an option to extend to May 15, 2024 if mutually agreed between the parties, and are not redeemable by BlackBerry prior to maturity. The New 1.75% Debentures are convertible at any time into common shares of BlackBerry at an initial conversion price of $6.00 per common share, subject to adjustments in accordance with the terms of such New 1.75% Debentures.

3. These securities are held by controlled subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other Reporting Persons. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (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 any of the Reporting Persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.

	/s/ V. Prem Watsa	11/15/2023
	/s/ Peter Clarke, President and COO, on behalf of Fairfax Financial Holdings Ltd.	11/15/2023
	/s/ V. Prem Watsa, President, on behalf of The Second 1109 Holdco Ltd.	11/15/2023
	/s/ V. Prem Watsa, President, on behalf of The Sixty Two Investment Company Limited	11/15/2023
	/s/ V. Prem Watsa, President, on behalf of FFHL Group Ltd	11/15/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

---