SEC Form 4 · accession 0001225208-19-005044
GCI LIBERTY, INC. · GLIBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard N Baer
Officer — Chief Legal Officer
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 6:08 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 |
|---|---|---|---|---|---|---|---|---|
| Series A Common StockF1 | Mar 7, 2019 | A | 4,171 | $0.00 | A | 19,562 | D | |
| Series A Common Stock | Mar 7, 2019 | F | 1,955 | $53.78 | D | 17,607 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Series A Common Stock issued upon satisfaction of performance criteria established for the performance-based stock units granted to the reporting person by Liberty Interactive Corporation ("Liberty Interactive") with respect to Liberty Interactive's Series A Liberty Ventures common stock on March 5, 2018 (the "PRSUs"). On March 9, 2018, Liberty Interactive redeemed (the "Redemption") each share of its Liberty Ventures common stock for one share of the corresponding class of common stock of the Issuer. In connection with the Redemption, the PRSUs were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the PRSUs were granted, such that each PRSU was exchanged for one PRSU related to Series A Common Stock of the Issuer. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.