SEC Form 4 · accession 0001225208-17-000816
Liberty Broadband Corp · LBRDA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard N Baer
Officer — Chief Legal Officer
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 7:41 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 | Jan 3, 2017 | M | 13,288 | $32.81 | A | 13,288 | D | |
| Series A Common StockF3 | Jan 3, 2017 | S | 400 | $72.665 | D | 12,888 | D | |
| Series A Common StockF4 | Jan 3, 2017 | S | 3,797 | $71.9469 | D | 9,091 | D | |
| Series A Common StockF5 | Jan 3, 2017 | S | 9,091 | $70.9414 | D | 0 | D | |
| Series C Common Stock | Jan 3, 2017 | M | 26,851 | $32.80 | A | 26,851 | D | |
| Series C Common StockF6 | Jan 3, 2017 | S | 609 | $74.3875 | D | 26,242 | D | |
| Series C Common StockF7 | Jan 3, 2017 | S | 7,588 | $73.8705 | D | 18,654 | D | |
| Series C Common StockF8 | Jan 3, 2017 | S | 18,654 | $72.9503 | D | 0 | 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)F9 | $32.81 | Jan 3, 2017 | M | 13,288 | D | — | Nov 8, 2022 | Series A Common Stock | 13,288 | 0 | D |
| Stock Option - LBRDK (Right to Buy)F9 | $32.80 | Jan 3, 2017 | M | 26,851 | D | — | Nov 8, 2022 | Series C Common Stock | 26,851 | 0 | D |
Explanation of responses
- F1Such transactions were effected pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2Open market sale pursuant to a 10b5-1 trading plan adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F3The price is a weighted average price. These shares were sold in multiple transactions ranging from $72.51 to $72.96, 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 price is a weighted average price. These shares were sold in multiple transactions ranging from $71.48 to $72.44, 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.
- F5The price is a weighted average price. These shares were sold in multiple transactions ranging from $70.48 to $71.47, 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.
- F6The price is a weighted average price. These shares were sold in multiple transactions ranging from $74.30 to $74.61, 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.
- F7The price is a weighted average price. These shares were sold in multiple transactions ranging from $73.570 to $74.295, 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.
- F8The price is a weighted average price. These shares were sold in multiple transactions ranging from $72.535 to $73.350, 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.
- F9The derivative security is fully vested.