SEC Form 4 · accession 0000808461-18-000123
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Behnke
Officer — Sr VP
Period of report
Mar 8, 2018
Accepted (ET)
Mar 12, 2018 · 9:29 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-1 Common StockF1 | Mar 8, 2018 | J | 164,841 | $0.00 | D | 0 | D | |
| Class A Common StockF1 | Mar 8, 2018 | J | 103,850 | $0.00 | A | 103,850 | D | |
| Series A Cumulative Redeemable Preferred StockF1 | Mar 8, 2018 | J | 32,968 | $0.00 | A | 32,968 | D | |
| Class A-1 Common StockF1 | Mar 8, 2018 | J | 38,548 | $0.00 | D | 0 | I | by 401(k) |
| Class A Common StockF1,F2 | Mar 8, 2018 | J | 24,285 | $0.00 | A | 24,285 | I | by 401(k) |
| Series A Cumulative Redeemable Preferred StockF1,F2 | Mar 8, 2018 | J | 7,710 | $0.00 | A | 7,710 | I | by 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 8, 2018, the Issuer effected the automatic conversion of its Class A-1 common stock and its Class B-1 common stock in accordance with the terms of the Issuer's amended and restated articles of incorporation. As a result, each share of the Issuer's Class A-1 common stock and Class B-1 common stock was automatically converted into (i) a fraction of a share of the Issuer's Class A common stock equal to 0.63 and (ii) a fraction of a share of the Issuer's Series A Cumulative Redeemable Preferred Stock equal to 0.20. These transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities and Exchange Act of 1934, as amended.
- F2Shares allocated to Mr. Behnke under the Company's 401(k) Plan as of March 8, 2018.