SEC Form 4 · accession 0001225208-16-031705
Liberty Media Corp · FWONA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Common StockF1 | Apr 15, 2016 | J | 3,985 | $0.00 | D | 0 | D | |
| Series A Liberty Braves Common StockF1 | Apr 15, 2016 | J | 398 | $0.00 | A | 398 | D | |
| Series A Liberty Media Common StockF1 | Apr 15, 2016 | J | 996 | $0.00 | A | 996 | D | |
| Series A Liberty SiriusXM Common StockF1 | Apr 15, 2016 | J | 3,985 | $0.00 | A | 3,985 | D | |
| Series C Common StockF1 | Apr 15, 2016 | J | 13,438 | $0.00 | D | 0 | D | |
| Series C Liberty Braves Common StockF1 | Apr 15, 2016 | J | 1,343 | $0.00 | A | 1,343 | D | |
| Series C Liberty Media Common StockF1 | Apr 15, 2016 | J | 3,359 | $0.00 | A | 3,359 | D | |
| Series C Liberty SiriusXM Common StockF1 | Apr 15, 2016 | J | 13,438 | $0.00 | A | 13,438 | D |
Table II — derivative securities
Explanation of responses
- F1Pursuant 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").
Remarks
On April 15, 2016, the Issuer effected a reclassification and exchange (the "Reclassification and Exchange") of all of the outstanding shares of its Series A common stock, Series B common stock and Series C common stock for newly-issued shares of the corresponding series of the tracking stocks. In the Reclassification and Exchange, the Issuer reclassified and exchanged (i) each outstanding share of its Series A common stock into and for 1 newly issued share of its Series A Liberty SiriusXM common stock, 0.1 of a newly issued share of its Series A Liberty Braves common stock, and 0.25 of a newly issued share of its Series A Liberty Media common stock; (ii) each outstanding share of its Series B common stock into and for 1 newly issued share of its Series B Liberty SiriusXM common stock, 0.1 of a newly issued share of its Series B Liberty Braves common stock, and 0.25 of a newly issued share of its Series B Liberty Media common stock; and (iii) each outstanding share of its Series C common stock into and for 1 newly issued share of its Series C Liberty SiriusXM common stock, 0.1 of a newly issued share of its Series C Liberty Braves common stock, and 0.25 of a newly issued share of Series C Liberty Media common stock.