SEC Form 4 · accession 0001209191-17-035617
Liberty Media Corp · FWONA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Ted Weschler
Other
Period of report
May 23, 2017
Accepted (ET)
May 25, 2017 · 8:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001560385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series C Liberty SiriusXM Common StockF1,F2 | May 23, 2017 | P | 162,545 | $38.9272 | A | 29,942,125 | I | See footnote 2. |
| Series C Liberty SiriusXM Common StockF3,F2 | May 24, 2017 | P | 151,625 | $39.647 | A | 30,093,750 | I | See footnote 2. |
| Series C Liberty SiriusXM Common StockF4,F2 | May 25, 2017 | P | 353,063 | $40.1175 | A | 30,446,813 | I | See footnote 2. |
| Series C Liberty SiriusXM Common Stock | holding | — | — | — | 542,068 | D | ||
| Series C Liberty SiriusXM Common StockF5,F6,F7 | holding | — | — | — | 29,600 | I | See footnotes 5, 6 and 7. | |
| Series C Liberty SiriusXM Common StockF6,F7,F8 | holding | — | — | — | 16,544 | I | See footnotes 6, 7 and 8. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.45 to $39.19. The reporting person undertakes to provide to Liberty Media Corp ("Liberty"), any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 1, 3 and 4 to this Form 4.
- F2These shares were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire Hathaway Inc. ("Berkshire"). As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock ("Shares"), Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Exchange Act. The reporting person disclaims beneficial ownership of Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Shares that are not directly owned by the reporting person for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.24 to $40.09.
- F4The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.88 to $40.44.
- F5These Shares are owned by a daughter of the reporting person.
- F6The reporting person has or shares trading authority over these Shares.
- F7The reporting person may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, these Shares. The reporting person disclaims beneficial ownership of these Shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
- F8These Shares are owned by the Rita E. and Frank J. Weschler Educational Trust, of which the reporting person's daughters are beneficiaries.