SEC Form 4 · accession 0001225208-16-035339
Liberty Media Corp · FWONA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Malcolm Ian Grant Gilchrist
Director
Period of report
Jun 17, 2016
Accepted (ET)
Jun 21, 2016 · 6:08 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 Braves Common StockF1,F2 | Jun 17, 2016 | A | 106 | $0.00 | A | 518 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award of restricted stock which will fully vest on June 28, 2016. In connection with the Issuer's recently completed rights offering to purchase shares of Series C Liberty Braves Common Stock ("BATRK"), holders of stock options relating to shares of Series A or Series C Liberty Braves Common Stock received a grant of restricted shares of BATRK to compensate for the diminution in value associated with the common stock underlying these options. These grants of restricted shares were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
- F2These holdings were decreased by 57 shares from the Form 4 filed by the reporting person on April 22, 2016 to account for a sale of 287 shares of the Issuer's former parent company that occurred prior to the completion of the Issuer's spin-off from its former parent company in January 2013.