Liberty Broadband Corp — Director's Dealing 2021

Sep 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Liberty Broadband Corp (LBRDA)
CIK: 0001611983
Period of Report: 2021-09-14

Reporting Person: MALONE JOHN C (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-14	Call option (obligation to sell)	$228.0143	S	400000	Disposed		Series C Common Stock (400000)	Direct
2021-09-14	Put option (right to sell)	$145.9291	P	400000	Acquired		Series C Common Stock (400000)	Direct

Footnotes

F1: On September 14, 2021, the reporting person entered into a "zero-cost collar" arrangement (the "Transaction") pursuant to which he wrote European call options and purchased European put options over an aggregate of 400,000 shares of Series C common stock. Only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are the money on the expiration date, both the put and call options will expire. The Transaction will be settled in cash unless the reporting person elects physical settlement.

F2: The Transaction is divided into 5 components, each of which are with respect to 80,000 shares of Series C common stock. The components mature on sequential trading days over the period beginning on August 21, 2028 and ending on August 25, 2028.

F3: The Transaction is a "zero-cost collar" in which no premium was exchanged for either the call options or the put options.