SEC Form 4 · accession 0001225208-18-006094
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Malone
Officer — Chairman of the Board · Director
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 5:58 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 | Mar 9, 2018 | J | 527,746 | $0.00 | A | 527,779 | D | |
| Class B Common StockF2,F1 | Mar 9, 2018 | J | 3,830,645 | $0.00 | A | 3,830,645 | D | |
| Class A Common StockF1,F3 | Mar 9, 2018 | J | 79,243 | $0.00 | A | 79,243 | I | By Spouse |
| Class B Common StockF2,F1,F3 | Mar 9, 2018 | J | 123,847 | $0.00 | A | 123,847 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 9, 2018, Liberty Interactive Corporation ("Liberty Interactive") redeemed (the "Redemption") each share of its Liberty Ventures common stock for shares of common stock of GCI Liberty, Inc. (the "Issuer"). In the Redemption, Liberty Interactive redeemed (i) each outstanding share of its Series A Liberty Ventures common stock for one share of the Issuer's Class A common stock and (ii) each outstanding share of its Series B Liberty Ventures common stock for one share of the Issuer's Class B common stock.
- F2Each 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.
- F3The reporting person disclaims beneficial ownership of these shares owned by his spouse.