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Liberty Media Corp — Director's Dealing 2016
Apr 22, 2016
35589_dirs_2016-04-22_9e601226-02d1-4dbf-8441-556b8629e4e2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Liberty Media Corp (LMCA)
CIK: 0001560385
Period of Report: 2016-04-15
Reporting Person: Gilchrist Malcolm Ian Grant (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-15 | Series A Common Stock | J | 882.0000 | — | Disposed | 0.0000 | Direct |
| 2016-04-15 | Series A Liberty Braves Common Stock | J | 88.0000 | — | Acquired | 88.0000 | Direct |
| 2016-04-15 | Series A Liberty Media Common Stock | J | 220.0000 | — | Acquired | 220.0000 | Direct |
| 2016-04-15 | Series A Liberty SiriusXM Common Stock | J | 882.0000 | — | Acquired | 882.0000 | Direct |
| 2016-04-15 | Series C Common Stock | J | 3186.0000 | — | Disposed | 0.0000 | Direct |
| 2016-04-15 | Series C Liberty Braves Common Stock | J | 318.0000 | — | Acquired | 318.0000 | Direct |
| 2016-04-15 | Series C Liberty Media Common Stock | J | 796.0000 | — | Acquired | 796.0000 | Direct |
| 2016-04-15 | Series C Liberty SiriusXM Common Stock | J | 3186.0000 | — | Acquired | 3186.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-20 | Stock Option - LMCA (Right to Buy) | $25.8200 | J | 851.0000 | Disposed | 2019-12-17 | Series A Common Stock (851.0000) | Direct |
| 2016-04-20 | Stock Option - LMCK (Right to Buy) | $33.6300 | J | 8507.0000 | Disposed | 2021-12-15 | Series C Common Stock (8507.0000) | Direct |
| 2016-04-20 | Stock Option - LMCK (Right to Buy) | $37.3000 | J | 5855.0000 | Disposed | 2022-12-17 | Series C Common Stock (5855.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - BATRA | $12.3500 | J | 85.0000 | Acquired | 2019-12-17 | Series A Liberty Braves Common Stock (85.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - BATRK | $15.9800 | J | 862.0000 | Acquired | 2021-12-15 | Series C Liberty Braves Common Stock (862.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - BATRK | $17.7200 | J | 597.0000 | Acquired | 2022-12-17 | Series C Liberty Braves Common Stock (597.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - LMCA | $12.6300 | J | 213.0000 | Acquired | 2019-12-17 | Series A Liberty Media Common Stock (213.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - LMCK | $15.9700 | J | 2156.0000 | Acquired | 2021-12-15 | Series C Liberty Media Common Stock (2156.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - LMCK | $17.7100 | J | 1493.0000 | Acquired | 2022-12-17 | Series C Liberty Media Common Stock (1493.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - LSXMA | $21.3600 | J | 854.0000 | Acquired | 2019-12-17 | Series A Liberty SiriusXM Common Stock (854.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - LSXMK | $27.6800 | J | 8622.0000 | Acquired | 2021-12-15 | Series C Liberty SiriusXM Common Stock (8622.0000) | Direct |
| 2016-04-20 | Stock Option (Right to Buy) - LSXMK | $30.7000 | J | 6000.0000 | Acquired | 2022-12-17 | Series C Liberty SiriusXM Common Stock (6000.0000) | Direct |
Footnotes
F1: Pursuant to the Reclassification and Exchange (as described in the Remarks section), all of the outstanding shares of Liberty Media Corporation's (the "Issuer") Series A common stock, Series B common stock and Series C common stock were reclassified into and exchanged for newly-issued shares of the corresponding series of the Issuer's Liberty SiriusXM common stock, Liberty Braves common stock and Liberty Media common stock (the "tracking stocks"). The Reclassification and Exchange was exempt under Rule 16b-7, and such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended ("Rule 16b-3").
F2: In connection with the Reclassification and Exchange, all outstanding equity awards with respect to the Issuer's common stock (each such equity award, an "original equity award") were automatically converted pursuant to the anti-dilution provisions of the incentive plan under which such original equity award was granted into equity awards with respect to the corresponding series of each group of the Issuer's tracking stocks (each such equity award, a "new equity award"). The number of shares and the exercise price of each new equity award were determined on April 20, 2016, and such adjustments were designed to preserve the value associated with the original equity awards prior to the Reclassification and Exchange. Otherwise such new equity award remains subject to the terms and conditions of the corresponding original equity award. Such adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3.
F3: The derivative security is fully vested.