SEC Form 4 · accession 0001225208-19-005161
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, 2019
Accepted (ET)
Mar 12, 2019 · 5:18 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 8, 2019 | M | 4,654 | $0.00 | A | 926,871 | D | |
| Series A Common Stock | Mar 8, 2019 | F | 1,130 | $53.64 | D | 925,741 | D | |
| Series A Common StockF2 | holding | — | — | — | 2,178 | I | By 401(k) Savings Plan | |
| Series A Common Stock | holding | — | — | — | 283,505 | I | By 560 Company, Inc. | |
| Series A Common Stock | holding | — | — | — | 188,930 | I | By GRAT - Ron Duncan 2017 | |
| Series A Common StockF3 | holding | — | — | — | 12,600 | I | By Missy, LLC | |
| Series A Common StockF4 | holding | — | — | — | 9,450 | I | By Neoma N. Lowndes 2006 Revocable Trust | |
| Series A Common StockF5 | holding | — | — | — | 56,828 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units - GLIBAF6 | — | Mar 8, 2019 | M | 4,654 | D | Mar 8, 2019 | Mar 8, 2019 | Series A Common Stock | 4,654 | 0 | D |
Explanation of responses
- F1Each restricted stock unit converted into one share of Series A Common Stock.
- F2The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of February 28, 2019.
- F3The reporting person has a 25% ownership interest in Missy, LLC; his spouse has a 25% ownership interest in Missy, LLC; and the Neoma N. Lowndes 2006 Revocable Trust holds the remaining 50% interest in Missy, LLC. The reporting person's daughter is the 50% beneficiary of this trust. Accordingly, the reporting person may be deemed to be the indirect beneficial owner of certain of the issuer's securities owned by Missy, LLC. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F4The reporting person is the trustee of the Neoma N. Lowndes 2006 Revocable Trust and has sole voting and dispositive power over shares held by such trust. The reporting person's daughter is the 50% beneficiary of this trust. The reporting person disclaims beneficial ownership of the issuer's shares held by such trust.
- F5The reporting person disclaims beneficial ownership of these shares owned by his spouse.
- F6Each restricted stock unit represents a contingent right to receive one share of Series A Common Stock.