SEC Form 4 · accession 0001104659-18-017209
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Liberty Interactive Corp
10% Owner
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 6:31 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 StockF1,F2 | Mar 9, 2018 | J | 81,706,919 | — | D | 0 | D | |
| Class B Common StockF3,F1,F2 | Mar 9, 2018 | J | 4,455,308 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transactions reported on this Form relate to the split-off of the Issuer from the Reporting Person effective March 9, 2018. The Reporting Person acquired the shares of the Issuer's Class A common stock, no par value ("GLIBA"), and Class B common stock, no par value ("GLIBB"), on March 9, 2018, pursuant to the terms of an Agreement and Plan of Reorganization, dated as of April 4, 2017, by and among the Reporting Person, Liberty Interactive, LLC, a wholly-owned subsidiary of the Reporting Person ("LI LLC") and the Issuer, as amended. In the split-off, the Reporting Person redeemed (i) each outstanding share of its Series A Liberty Ventures common stock for one share of GLIBA and (ii) each outstanding share of its Series B Liberty Ventures common stock for one share of GLIBB. The Reporting Person did not retain any shares of GLIBA or GLIBB following the split-off.
- F2Prior to the split-off, LI LLC distributed the shares of GLIBA and GLIBB to the Reporting Person.
- F3Each share of Class B common stock is convertible, at the holder's election, into one share of Class A common stock, at any time for no consideration other than the surrender of the share of Class B common stock for each share of Class A common stock.