SEC Form 4 · accession 0000808461-18-000127
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald A Duncan
Director
Period of report
Mar 8, 2018
Accepted (ET)
Mar 12, 2018 · 9:30 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 B-1 Common StockF1,F2 | Mar 8, 2018 | J | 1,174,917 | $0.00 | D | 0 | D | |
| Class A Common StockF1 | Mar 8, 2018 | J | 740,198 | $0.00 | A | 1,173,084 | D | |
| Series A Cumulative Redeemable Preferred StockF1 | Mar 8, 2018 | J | 234,983 | $0.00 | A | 372,408 | D | |
| Class B-1 Common StockF1 | Mar 8, 2018 | J | 8,242 | $0.00 | D | 0 | I | by Amanda Miller Trust |
| Class A Common StockF1,F3 | Mar 8, 2018 | J | 5,192 | $0.00 | A | 28,502 | I | by Amanda Miller Trust |
| Series A Cumulative Redeemable Preferred StockF1,F3 | Mar 8, 2018 | J | 1,648 | $0.00 | A | 9,048 | I | by Amanda Miller Trust |
| Class B-1 Common StockF1 | Mar 8, 2018 | J | 27,020 | $0.00 | D | 0 | I | by Spouse |
| Class A Common StockF1,F4 | Mar 8, 2018 | J | 17,023 | $0.00 | A | 56,830 | I | by Spouse |
| Series A Cumulative Redeemable Preferred StockF1,F4 | Mar 8, 2018 | J | 5,404 | $0.00 | A | 18,041 | I | by Spouse |
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.
- F2This holding was decreased by one share from the Form 4 filed by the reporting person on February 22, 2018, as a result of an accounting reconciliation.
- F3Mr. 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.
- F4Mr. Duncan disclaims beneficial ownership of these shares.