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Liberty Media Corp — Director's Dealing 2023
Jul 20, 2023
35589_dirs_2023-07-20_6964da55-65f8-4b45-9846-4a3205a64563.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Liberty Media Corp (LSXMA)
CIK: 0001560385
Period of Report: 2023-07-18
Reporting Person: MALONE EVAN DANIEL (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-07-18 | Series A Liberty Braves Common Stock | J | 1084.0000 | — | Disposed | 0.0000 | Direct |
| 2023-07-18 | Series C Liberty Braves Common Stock | J | 4518.0000 | — | Disposed | 0.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-07-18 | Restricted Stock Units-BATRK | $ | J | 239.0000 | Disposed | 2023-12-08 | Series C Liberty Braves Common Stock (239.0000) | Direct |
| 2023-07-18 | Stock Option (Right to Buy) - BATRK | $25.4600 | J | 888.0000 | Disposed | 2025-12-06 | Series C Liberty Braves Common Stock (888.0000) | Direct |
| 2023-07-18 | Stock Option (Right to Buy) - BATRK | $27.8900 | J | 596.0000 | Disposed | 2028-12-06 | Series C Liberty Braves Common Stock (596.0000) | Direct |
| 2023-07-18 | Stock Option (Right to Buy) - BATRK | $28.7200 | J | 980.0000 | Disposed | 2026-12-09 | Series C Liberty Braves Common Stock (980.0000) | Direct |
| 2023-07-18 | Stock Option (Right to Buy) - BATRK | $26.3600 | J | 793.0000 | Disposed | 2027-12-10 | Series C Liberty Braves Common Stock (793.0000) | Direct |
| 2023-07-18 | Stock Option (Right to Buy) - BATRK | $20.1300 | J | 1409.0000 | Disposed | 2023-12-12 | Series C Liberty Braves Common Stock (1409.0000) | Direct |
| 2023-07-18 | Stock Option (Right to Buy) - BATRK | $22.5600 | J | 932.0000 | Disposed | 2024-12-12 | Series C Liberty Braves Common Stock (932.0000) | Direct |
Footnotes
F1: On July 18, 2023, Liberty Media Corporation (the "Issuer") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings"). In the Redemption, the Issuer redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of Atlanta Braves Holdings' Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of Atlanta Braves Holdings' Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of Atlanta Braves Holdings' Series C common stock. 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.
F2: In connection with the Redemption, all equity awards held by the reporting person with respect to Issuer's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of Atlanta Braves Holdings' common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F3: Each restricted stock unit represents a contingent right to receive one share of the Issuer's Series C Liberty Braves common stock.