SEC Form 4 · accession 0000808461-16-000227
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald A Duncan
Officer — President · Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 2, 2016 · 7:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000808461
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jun 1, 2016 | A | 7,500 | $14.84 | A | 739,167 | D | |
| Class A Common Stock | Jun 1, 2016 | G | 7,500 | $0.00 | D | 731,667 | D | |
| Class A Common Stock | Jun 1, 2016 | G | 7,500 | $0.00 | A | 240,378 | I | by 560 Company |
| Class A Common StockF3 | holding | — | — | — | 7,500 | I | by Neoma Lowndes Trust | |
| Class A Common StockF4 | holding | — | — | — | 63,186 | I | by Spouse | |
| Class A Common StockF5 | holding | — | — | — | 87,574 | I | by 401(k) | |
| Class A Common StockF6 | holding | — | — | — | 15,000 | I | by Missy, LLC | |
| Class A Common StockF7 | holding | — | — | — | 55,560 | I | by Amanda Miller Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the General Communication, Inc. Director Compensation Plan, a grant of 7,500 shares of the issuers Class A common stock was made on June 1, 2016, effective and vesting as of that date.
- F2Shares transferred from direct ownership by Mr. Duncan to indirect beneficial ownership by 560 Company.
- F3Mr. Duncan's daughter is the 50% beneficiary of this trust, and Mr. Duncan disclaims beneficial ownership of these shares.
- F4Mr. Duncan disclaims beneficial ownership of these shares.
- F5Shares allocated to Mr. Duncan under the Company's 401(k) Plan as of June 1, 2016.
- F6Mr. Duncan has a 25% ownership interest in Missy, LLC, and claims beneficial ownership of 5,000 of these shares held by Missy, LLC. His spouse has a 25% ownership interest in Missy, LLC, and Mr. Duncan disclaims beneficial ownership of the 5,000 shares held indirectly by his spouse. The Neoma Lowndes Trust holds the remaining 50% interest in Missy, LLC. Mr. Duncan's daughter is the 50% beneficiary of this trust, and Mr. Duncan disclaims beneficial ownership of the 5,000 shares held indirectly by his daughter.
- F7Mr. Duncan's daughter is the beneficiary of this trust. Mr. Duncan has no voting or investment power with respect to the trust and disclaims beneficial ownership of these shares.