RE:Amended 13D Filing from Fairfax on BlackBerry Just Hitting SI believe this is just his regulatory reporting related to the debentures (i.e. dilution), but hasn't actually changed his position...
From page 27 of SCHEDULE 13D/A
Pursuant to a Subscription Agreement dated November 4, 2013, among BlackBerry Limited, Fairfax Financial Holdings Limited and the other purchasers named therein, and the First Amendment to Subscription Agreement, dated November 7, 2013, among BlackBerry Limited, Fairfax Financial Holdings Limited and the other purchasers named therein (as amended, the “Subscription Agreement”), Fairfax Financial Holdings Limited (“Fairfax”) has been granted an option to arrange for the purchase of an additional $250,000,000 principal amount of Debentures (the “Additional Debentures”) within 30 days of the initial issuance of the Debentures. Fairfax has not exercised this option. However, Rule 13d-3(d)(1) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), provides that a person shall be deemed to be the beneficial owner of a security if that person has the right to acquire beneficial ownership of such security within sixty days, including any right to acquire through the exercise of any option or through the conversion of a security. Therefore, in accordance with Rule 13d-3(d)(1), the Shares of BlackBerry underlying both the Debentures issued to Fairfax and the Shares of BlackBerry underlying the Additional Debentures have been included in the number of shares beneficially owned by the Reporting Persons, where applicable.