Larry E. Romrell - 18 Jul 2023 Form 4 Insider Report for Liberty Media Corp (FWONA)

Reporting relationship: Director
Issuer ticker: FWONA
Reported as of: 18 Jul 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 20 Jul 2023, 17:11:48 UTC
Prior SEC filing: 16 Jun 2023
Next SEC filing: 28 Jul 2023
Source filing: View source filing
Reporting owner signature: /s/ Brittany A. Uthoff as Attorney-in-Fact for Larry E. Romrell

Key filing fact

Larry E. Romrell filed Form 4 for Liberty Media Corp (FWONA) on 20 Jul 2023.

Key facts

This page summarizes Larry E. Romrell's Form 4 filing for Liberty Media Corp (FWONA).
10 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 20 Jul 2023, 17:11.

Change

Previous filing in this sequence was filed on 16 Jun 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LSXMA transaction

Series A Liberty Braves Common Stock

Other

Transaction value: $0
Shares: -1,987
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series B Liberty Braves Common Stock

Other

Transaction value: $0
Shares: -21
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Footnotes: F1, F2

LSXMA transaction

Series C Liberty Braves Common Stock

Other

Transaction value: $0
Shares: -3,953
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -888
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 888
Exercise price: $25.46
Footnotes: F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -596
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 596
Exercise price: $27.89
Footnotes: F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -630
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 630
Exercise price: $32.76
Footnotes: F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -980
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 980
Exercise price: $28.72
Footnotes: F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -793
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 793
Exercise price: $26.36
Footnotes: F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -1,409
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 1,409
Exercise price: $20.13
Footnotes: F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - BATRK

Other

Transaction value
Shares: -932
Change %: -100%
Price
Shares after: 0
Date: 18 Jul 2023
Ownership: Direct
Underlying class: Series C Liberty Braves Common Stock
Underlying amount: 932
Exercise price: $22.56
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On July 18, 2023, Liberty Media Corporation (the "Issuer") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings"). In the Redemption, the Issuer redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of Atlanta Braves Holdings' Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of Atlanta Braves Holdings' Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of Atlanta Braves Holdings' Series C common stock. Such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.

Footnote F2

Each share of Series B Liberty Braves common stock is convertible, at the holder's election, into one share of Series A Liberty Braves common stock, at any time for no consideration other than the surrender of the share of Series B Liberty Braves common stockfor each share of Series A Liberty Braves common stock.

Footnote F3

In connection with the Redemption, all option awards held by the reporting person with respect to Issuer's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the option awards were granted, such that each Braves Award was exchanged for an option to purchase an equivalent number of shares of the corresponding series of Atlanta Braves Holdings' common stock. 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.