SEC Form 4 · accession 0001225208-16-031723

Liberty Media Corp · FWONA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

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").
• F2Each share of the Issuer's former Series B common stock was, and newly-issued Series B Liberty SiriusXM common stock, Series B Liberty Braves common stock and Series B Liberty Media common stock is, convertible, at the holder's election, into one share of the Issuer's corresponding former Series A common stock or newly-issued Series A Liberty SiriusXM common stock, Series A Liberty Braves common stock and Series A Liberty Media common stock, respectively, at any time for no consideration other than the surrender of the share of former Series B common stock or newly-issued Series B Liberty SiriusXM common stock, Series B Liberty Braves common stock or Series B Liberty Media common stock for the share of former Series A common stock or newly-issued Series A Liberty SiriusXM common stock, Series A Liberty Braves common stock or Series A Liberty Media common stock, respectively.
• F3The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of April 19, 2016.
• F4The reporting person disclaims beneficial ownership of these shares owned by his spouse.

Remarks

(1) 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. (2) One of multiple Form 4s filed for this reporting person on April 22, 2016.,Multiple Forms Submitted