SEC Form 4 · accession 0000808461-18-000053

GCI LIBERTY, INC. · GLIBA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Eric Louis Zinterhofer

Director · Other

Period of report

Feb 20, 2018

Accepted (ET)

Feb 22, 2018 · 8:02 pm EST

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^F1,F2	Feb 20, 2018	J	22,500	$0.00	D	0	I	by Searchlight Capital Partners, LP
Class A-1 Common Stock^F1,F2	Feb 20, 2018	J	22,500	$0.00	A	22,500	I	by Searchlight Capital Partners, LP
Class A Common Stock^F1,F3	Feb 20, 2018	J	1,712,661	$0.00	D	0	I	See Footnotes
Class A-1 Common Stock^F1,F3	Feb 20, 2018	J	1,712,661	$0.00	A	1,712,661	I	See Footnotes

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1On February 20, 2018, the Commissioner of the Department of Commerce, Community and Economic Development of the State of Alaska accepted for filing the Issuer's amended and restated articles of incorporation that were previously filed on February 2, 2018. As a result, each share of the Issuer's former Class A common stock and Class B common stock was reclassified into one share of its Class A-1 common stock and Class B-1 common stock, respectively. These reclassifications were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities and Exchange Act of 1934, as amended, and are also exempt under Rule 16b-7.
F2The securities are owned by Searchlight Capital Partners, LP ("SCP LP"). Searchlight Capital Partners, LLC ("SCP LLC"), an affiliate of the Searchlight ALX GP LLC (the "Searchlight GP"), is the general partner of SCP LP. Eric L. Zinterhofer is a manager of SCP LLC. By reason of the provisions of Rule 16a-1, Mr. Zinterhofer and SCP LLC may be deemed to be the beneficial owners of the securities beneficially owned by SCP LP. Mr. Zinterhofer does not alone have dispositive or voting power with respect to any securities owned, directly or indirectly, by SCP LLC or by SCP LP. Mr. Zinterhofer and SCP LLC hereby disclaim beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3The securities are owned by Searchlight ALX, L.P. (the "Fund"). Searchlight ALX GP, LLC (the "Searchlight GP") is the general partner of the Fund. Eric L. Zinterhofer is a manager of the Searchlight GP. By reason of the provisions of Rule 16a-1, Mr. Zinterhofer and the Searchlight GP may be deemed to be the beneficial owners of the securities beneficially owned by the Fund. Mr. Zinterhofer does not alone have dispositive or voting power with respect to any securities owned, directly or indirectly, by the Searchlight GP or by the Fund. Mr. Zinterhofer and the Searchlight GP hereby disclaim beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks

The Issuer was formerly known as General Communication, Inc.