SEC Form 4 · accession 0001225208-15-001562
Liberty Broadband Corp · LBRDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory B Maffei
Officer — President/CEO · Director
Period of report
Jan 14, 2015
Accepted (ET)
Jan 16, 2015 · 6:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001611983
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series C Common StockF1 | Jan 14, 2015 | A | 48,152 | $0.00 | A | 1,178,184 | D | |
| Series C Common StockF2 | holding | — | — | — | 5,964 | I | By 401(k) Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted shares made to the reporting person that vests in full on March 20, 2015. In connection with the Issuer's recently completed rights offering to purchase shares of Series Common Stock, holders of options or stock appreciation rights relating to shares of the Issuer's common stock received a grant of restricted shares of Series C Common Stock to compensate for the diminution in value associated with the common stock underlying these equity awards. 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.
- F2The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administator dated as of December 31, 2014.