Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NONE | Common Stock | Other | -1K | -100% | 0 | Sep 9, 2024 | Direct | F1, F2 | ||
transaction | NONE | Common Stock | Other | +274M | 274M | Sep 9, 2024 | Direct | F1, F2 | |||
transaction | NONE | Common Stock | Other | -274M | -100% | 0 | Sep 9, 2024 | Direct | F1, F2 |
Liberty Media Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | The transactions reported on this Form 4 relate to the split-off of the Issuer from the Reporting Person effective September 9, 2024. To effect the split-off, the issued and outstanding common stock of the Issuer ("Common Stock"), consisting of 1,000 shares of Common Stock, all of which were held by the Reporting Person, were reclassified into 273,758,853 shares of Common Stock (the "Reclassification"). Immediately following the Reclassification, in such split-off, the Reporting Person redeemed each share of its Series A Liberty SiriusXM common stock ("LSXMA"), Series B Liberty SiriusXM common stock ("LSXMB") and Series C Liberty SiriusXM common stock ("LSXMK") for 0.8375 of a share of Common Stock, with no shares of LSXMA, LSXMB or LSXMK remaining outstanding, with cash (without interest) paid in lieu of any fractional shares of Common Stock, after aggregating all shares of Common Stock issuable by series of LSXMA, LSXMB and LSXMK. |
F2 | (Continued from footnote 1) As a result of the foregoing transactions, the Issuer was split-off from the Reporting Person and the Reporting Person ceased to have an equity interest in the Issuer and thus is no longer subject to the obligations of Section 16 of the Securities Exchange Act of 1934. |