ROBERT R. BENNETT - 03 Aug 2023 Form 4 Insider Report for Liberty Media Corp (FWONA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Robert R. Bennett
Issuer symbol
FWONA
Transactions as of
03 Aug 2023
Net transactions value
$0
Form type
4
Filing time
16 Aug 2023, 17:47:02 UTC
Previous filing
28 Jul 2023
Next filing
01 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 +824 $0.000000 824 03 Aug 2023 Direct F1
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 -824 -100% $0.000000* 0 03 Aug 2023 Direct F1
transaction LSXMA Series A Liberty Live Common Stock Other $0 +859 $0.000000 859 03 Aug 2023 Direct F1
transaction LSXMA Series A Liberty SiriusXM Common Stock Other $0 +3,299 $0.000000 3,299 03 Aug 2023 Direct F1
transaction LSXMA Series A Liberty SiriusXM Common Stock Other $0 -3,299 -100% $0.000000* 0 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty Formula One Common Stock Other $0 +2,516 $0.000000 2,516 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty Formula One Common Stock Other $0 -2,516 -100% $0.000000* 0 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty Live Common Stock Other $0 +2,083 $0.000000 2,083 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 +7,907 $0.000000 7,907 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 -7,907 -100% $0.000000* 0 03 Aug 2023 Direct F1
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 +5,396 $0.000000 5,396 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 -5,396 -100% $0.000000* 0 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series A Liberty Live Common Stock Other $0 +5,626 $0.000000 5,626 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series A Liberty SiriusXM Common Stock Other $0 +21,585 $0.000000 21,585 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series A Liberty SiriusXM Common Stock Other $0 -21,585 -100% $0.000000* 0 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series C Liberty Live Common Stock Other $0 +10,792 $0.000000 10,792 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 +43,170 $0.000000 43,170 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 -43,170 -100% $0.000000* 0 03 Aug 2023 By Hilltop Investments, LLC F1
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 +110 $0.000000 110 03 Aug 2023 Deborah Bennett Revocable Trust F1, F2
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 -110 -100% $0.000000* 0 03 Aug 2023 Deborah Bennett Revocable Trust F1, F2, F3
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 +183,872 $0.000000 183,872 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series A Liberty Formula One Common Stock Other $0 -183,872 -100% $0.000000* 0 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series A Liberty Live Common Stock Other $0 +191,741 $0.000000 191,741 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series A Liberty SiriusXM Common Stock Other $0 +735,491 $0.000000 735,491 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series A Liberty SiriusXM Common Stock Other $0 -735,491 -100% $0.000000* 0 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series C Liberty Formula One Common Stock Other $0 +384,960 $0.000000 384,960 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series C Liberty Formula One Common Stock Other $0 -384,960 -100% $0.000000* 0 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series C Liberty Live Common Stock Other $0 +397,834 $0.000000 397,834 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 +1,525,435 $0.000000 1,525,435 03 Aug 2023 Hilltop Investments III, LLC F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 -1,525,435 -100% $0.000000* 0 03 Aug 2023 Hilltop Investments III, LLC F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LSXMA Restricted Stock Units - LLYVK Other $0 +407 $0.000000 407 08 Aug 2023 Series C Liberty Live Common Stock 407 Direct F4, F5
transaction LSXMA Restricted Stock Units-FWONK Other $0 +1,053 $0.000000 1,053 08 Aug 2023 Series C Liberty Formula One Common Stock 1,053 Direct F5, F6
transaction LSXMA Restricted Stock Units-FWONK Other $0 -1,053 -100% $0.000000* 0 08 Aug 2023 Series C Liberty Formula One Common Stock 1,053 Direct F5, F6
transaction LSXMA Restricted Stock Units-LSXMK Other $0 +1,450 $0.000000 1,450 08 Aug 2023 Series C Liberty SiriusXM Common Stock 1,450 Direct F5, F7
transaction LSXMA Restricted Stock Units-LSXMK Other $0 -1,450 -100% $0.000000* 0 08 Aug 2023 Series C Liberty SiriusXM Common Stock 1,450 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 3, 2023, the Issuer effected a reclassification and exchange (the "Reclassification and Exchange"), pursuant to which: (i) each outstanding share of Liberty SiriusXM Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty SiriusXM Common Stock and 0.2500 of a share of the corresponding series of new Liberty Live Common Stock, and (ii) each outstanding share of Liberty Formula One Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty Formula One Common Stock and 0.0428 of a share of the corresponding series of new Liberty Live Common Stock. The Reclassification and Exchange was exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act ("Rule 16b-3").
F2 The reporting person disclaims beneficial ownership of these shares.
F3 Includes 110 shares of the Issuer's Series A Liberty Formula One Common Stock that were previously reported as indirectly held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
F4 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live Common Stock.
F5 In connection with the Reclassification and Exchange, each outstanding restricted stock unit held by the reporting person with respect to the Issuer's Liberty SiriusXM Common Stock and/or with respect to the Issuer's Liberty Formula One Common Stock (together, the "original awards") was reclassified into and exchanged for a new restricted stock unit with respect to shares of the corresponding series of new Liberty SiriusXM Common Stock or new Liberty Formula One Common Stock, as applicable (together, the "new restricted stock unit"), and a new Liberty Live restricted stock unit to purchase shares of the corresponding series of Liberty Live Common Stock. See remarks section for additional information regarding the new restricted stock units.
F6 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One Common Stock.
F7 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty SiriusXM Common Stock.

Remarks:

The number of shares of each new restricted stock unit were determined on August 8, 2023, and such adjustments were designed to preserve the value associated with the original awards prior to the Reclassification and Exchange. Otherwise such new restricted stock unit remains subject to the terms and conditions of the corresponding original award. Such adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3. Multiple Forms Filed.,Multiple Forms Submitted