SEC Form 4 · accession 0001209191-15-004401
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jan 14, 2015
Accepted (ET)
Jan 15, 2015 · 4:05 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 stockF1,F2 | Jan 13, 2015 | S | 107,793 | $14.75 | D | 305,196 | I | See Footnote |
| Class A common stockF1,F3 | Jan 13, 2015 | S | 255,512 | $14.75 | D | 723,439 | I | See Footnote |
| Class A common stockF1,F4 | Jan 13, 2015 | S | 435,750 | $14.75 | D | 1,233,753 | I | See Footnote |
| Class A common stockF1,F5 | Jan 13, 2015 | S | 259,353 | $14.75 | D | 734,312 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The filing of this Form 4 shall not be construed as an admission that MAST Capital Management, LLC ("MAST Capital") or David J. Steinberg, the principal of MAST Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Class A common stock (the "Common Stock") of General Communications, Inc. (the "Issuer") purchased by certain private investment funds advised by MAST Capital (collectively, the "MAST Accounts"). Pursuant to Rule 16a-1, both MAST Capital and Mr. Steinberg disclaim such beneficial ownership except to the extent of such person's pecuniary interest.
- F2Mast Admiral Master Fund LP, for which MAST Capital is the investment manager, holds 305,196 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
- F3Mast Credit Opportunities I Master Fund Limited, for which MAST Capital is the investment manager, holds 723,439 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
- F4Mast OC I Master Fund LP, for which MAST Capital is the investment manager, holds 1,233,753 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
- F5Mast Select Opportunities Master Fund LP, for which MAST Capital is the investment manager, holds 734,312 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.