SEC Form 4 · accession 0001225208-16-042988
Liberty Broadband Corp · LBRDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert E Rosenthaler
Officer — Chief Corp. Dev. Officer
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 6:35 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 A Common Stock | Dec 7, 2016 | M | 14,865 | $33.12 | A | 31,727 | D | |
| Series A Common StockF1 | Dec 7, 2016 | S | 14,865 | $72.4976 | D | 16,862 | D | |
| Series C Common StockF2 | Dec 7, 2016 | M | 10,000 | $33.11 | A | 44,937 | D | |
| Series C Common Stock | Dec 7, 2016 | M | 6,750 | $33.11 | A | 51,687 | D | |
| Series C Common Stock | Dec 7, 2016 | F | 7,034 | $74.46 | D | 44,653 | D | |
| Series C Common StockF3 | Dec 7, 2016 | S | 9,716 | $74.5578 | D | 34,937 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option - LBRDA (Right to Buy)F4 | $33.12 | Dec 7, 2016 | M | 14,865 | D | — | Mar 19, 2020 | Series A Common Stock | 14,865 | 10,000 | D |
| Stock Option - LBRDK (Right to Buy)F4 | $33.11 | Dec 7, 2016 | M | 6,750 | D | — | Mar 19, 2020 | Series C Common Stock | 6,750 | 10,000 | D |
| Stock Option - LBRDK (Right to Buy)F4 | $33.11 | Dec 7, 2016 | M | 10,000 | D | — | Mar 19, 2020 | Series C Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The price is a weighted average price. These shares were sold in multiple transactions ranging from $72.4510 to $72.7000, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- F2These holdings were decreased by one share from the Form 4 filed by the reporting person on April 2, 2015, as the result of an accounting reconciliation.
- F3The price is a weighted average price. These shares were sold in multiple transactions ranging from $74.4850 to $74.6000, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- F4The derivative security is fully vested.
Remarks
Since the Form 4 filed by the reporting person on April 2, 2015, the 401(k) Savings Plan (the "Plan") executed a non-volitional liquidation of all of the Issuer's securities held in the Plan.