SEC Form 4: Bennett Robert R converted options into 248 units of Series C Liberty Braves Common Stock, converted options into 1,147 units of Series C Liberty Formula One Common Stock and converted options into 1,640 units of Series C Liberty SiriusXM Common Stock, increasing direct ownership by 613% to 8,238 units
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Services-Misc. Amusement & Recreation
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ LSXMA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/10/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Series C Liberty Braves Common Stock | 12/10/2021 | M | 248 | A | $0(1) | 1,404(2) | D | |||
| Series C Liberty Formula One Common Stock | 12/10/2021 | M | 1,147 | A | $0(3) | 2,796(4) | D | |||
| Series C Liberty SiriusXM Common Stock | 12/10/2021 | M | 1,640 | A | $0(5) | 8,238(6) | D | |||
| Series C Liberty Braves Common Stock | 7,568 | I | By Hilltop Investments, LLC | |||||||
| Series C Liberty SiriusXM Common Stock | 43,170 | I | By Hilltop Investments, LLC | |||||||
| Series C Liberty Braves Common Stock | 259,764(2) | I | Hilltop Investments III, LLC | |||||||
| Series C Liberty Formula One Common Stock | 383,813(4) | I | Hilltop Investments III, LLC | |||||||
| Series C Liberty SiriusXM Common Stock | 1,523,795(6) | I | Hilltop Investments III, LLC | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units-BATRK | (7) | 12/10/2021 | M | 248 | 12/10/2021 | 12/10/2021 | Series C Liberty Braves Common Stock | 248 | $0.0000 | 0.0000 | D | ||||
| Restricted Stock Units-FWONK | (8) | 12/10/2021 | M | 1,147 | 12/10/2021 | 12/10/2021 | Series C Liberty Formula One Common Stock | 1,147 | $0.0000 | 0.0000 | D | ||||
| Restricted Stock Units-LSXMK | (9) | 12/10/2021 | M | 1,640 | 12/10/2021 | 12/10/2021 | Series C Liberty SiriusXM Common Stock | 1,640 | $0.0000 | 0.0000 | D | ||||
| Explanation of Responses: |
| 1. Each restricted stock unit converted into one share of Series C Liberty Braves common stock. |
| 2. On December 14, 2020, the reporting person transferred 242 shares of Series C Liberty Braves common stock to Hilltop Investments III, LLC, which is wholly owned by the reporting person and his spouse. |
| 3. Each restricted stock unit converted into one share of Series C Liberty Formula One common stock. |
| 4. On December 14, 2020, the reporting person transferred 1,039 shares of Series C Liberty Formula One common stock to Hilltop Investments III, LLC, which is wholly owned by the reporting person and his spouse. |
| 5. Each restricted stock unit converted into one share of Series C Liberty SiriusXM common stock. |
| 6. On December 14, 2020, the reporting person transferred 1,524 shares of Series C Liberty SiriusXM common stock to Hilltop Investments III, LLC, which is wholly owned by the reporting person and his spouse. |
| 7. Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Braves common stock. |
| 8. Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One common stock. |
| 9. Each restricted stock unit represents a contingent right to receive one share of Series C Liberty SiriusXM common stock. |
| /s/ Brittany A. Uthoff as Attorney-in-Fact for Robert R. Bennett | 12/14/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||