John C. Malone - 13 Jun 2022 Form 4 Insider Report for Liberty Broadband Corp (LBRDA)

Role
Director, 10%+ Owner
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for John C. Malone
Issuer symbol
LBRDA
Transactions as of
13 Jun 2022
Net transactions value
-$259
Form type
4
Filing time
15 Jun 2022, 17:16:01 UTC
Previous filing
16 May 2022
Next filing
30 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRDA Series B Common Stock Disposed to Issuer $0 -215,647 -10% $0.000000 1,940,726 13 Jun 2022 Direct F1, F2
transaction LBRDA Series C Common Stock Award $0 +215,647 +4.6% $0.000000 4,864,391 13 Jun 2022 Direct F2
transaction LBRDA Series A Cumulative Redeemable Preferred Stock Sale $259 -10 -100% $25.87 0 14 Jun 2022 Direct F3
holding LBRDA Series B Common Stock 122,649 13 Jun 2022 John C. Malone June 2003 Charitable Remainder Unitrust F1
holding LBRDA Series B Common Stock 57,641 13 Jun 2022 Leslie A. Malone 1995 Revocable Trust F1
holding LBRDA Series C Common Stock 357,106 13 Jun 2022 Leslie A. Malone 1995 Revocable Trust
holding LBRDA Series C Common Stock 213,332 13 Jun 2022 Malone LG 2013 Charitable Remainder Unitrust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.
F2 On June 13, 2022, the Issuer and the reporting person entered into an Exchange Agreement (the "Exchange Agreement"), as previously described in the Issuer's Current Report on Form 8-K filed on June 13, 2022, pursuant to which, among other things, the Issuer agreed that on the terms and subject to the conditions of the Exchange Agreement, the reporting person shall, upon the occurrence of an Accretive Event (as defined in the Exchange Agreement) exchange with the Issuer shares of Series B Common Stock of the Issuer for an equal number of shares of Series C Common Stock of the Issuer (a "Reverse Exchange"). The Exchange Agreement, Reverse Exchange and related transactions were approved by a committee of the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F3 The price is a weighted average price. These shares were sold in multiple transactions ranging from $25.85 to $25.90, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.