DEREK CHANG - 03 Aug 2023 Form 4 Insider Report for Liberty Media Corp (FWONA)

Role
Director
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for Derek Chang
Issuer symbol
FWONA
Transactions as of
03 Aug 2023
Net transactions value
$0
Form type
4
Filing time
16 Aug 2023, 17:49:14 UTC
Previous filing
28 Jul 2023
Next filing
12 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSXMA Series C Liberty Formula One Common Stock Other $0 +858 $0.000000 858 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty Formula One Common Stock Other $0 -858 -100% $0.000000* 0 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty Live Common Stock Other $0 +356 $0.000000 356 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 +1,281 $0.000000 1,281 03 Aug 2023 Direct F1
transaction LSXMA Series C Liberty SiriusXM Common Stock Other $0 -1,281 -100% $0.000000* 0 03 Aug 2023 Direct 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 +203 $0.000000 203 08 Aug 2023 Series C Liberty Live Common Stock 203 Direct F2, F3
transaction LSXMA Restricted Stock Units-FWONK Other $0 +526 $0.000000 526 08 Aug 2023 Series C Liberty Formula One Common Stock 526 Direct F3, F4
transaction LSXMA Restricted Stock Units-FWONK Other $0 -526 -100% $0.000000* 0 08 Aug 2023 Series C Liberty Formula One Common Stock 526 Direct F3, F4
transaction LSXMA Restricted Stock Units-LSXMK Other $0 +725 $0.000000 725 08 Aug 2023 Series C Liberty SiriusXM Common Stock 725 Direct F3, F5
transaction LSXMA Restricted Stock Units-LSXMK Other $0 -725 -100% $0.000000* 0 08 Aug 2023 Series C Liberty SiriusXM Common Stock 725 Direct F3, F5
transaction LSXMA Stock Option (Right to Buy) - FWONK Other $0 +1,212 $0.000000 1,212 08 Aug 2023 Series C Liberty Formula One Common Stock 1,212 $60.73 Direct F3
transaction LSXMA Stock Option (Right to Buy) - FWONK Other $0 -1,246 -100% $0.000000* 0 08 Aug 2023 Series C Liberty Formula One Common Stock 1,246 $60.27 Direct F3
transaction LSXMA Stock Option (Right to Buy) - FWONK Other $0 +1,280 $0.000000 1,280 08 Aug 2023 Series C Liberty Formula One Common Stock 1,280 $58.69 Direct F3
transaction LSXMA Stock Option (Right to Buy) - FWONK Other $0 -1,316 -100% $0.000000* 0 08 Aug 2023 Series C Liberty Formula One Common Stock 1,316 $58.25 Direct F3
transaction LSXMA Stock Option (Right to Buy) - FWONK Other $0 +1,230 $0.000000 1,230 08 Aug 2023 Series C Liberty Formula One Common Stock 1,230 $44.90 Direct F3
transaction LSXMA Stock Option (Right to Buy) - FWONK Other $0 -1,265 -100% $0.000000* 0 08 Aug 2023 Series C Liberty Formula One Common Stock 1,265 $44.56 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LLYVK Other $0 +542 $0.000000 542 08 Aug 2023 Series C Liberty Live Common Stock 542 $53.46 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LLYVK Other $0 +51 $0.000000 51 08 Aug 2023 Series C Liberty Live Common Stock 51 $28.89 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LLYVK Other $0 +581 $0.000000 581 08 Aug 2023 Series C Liberty Live Common Stock 581 $44.85 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LLYVK Other $0 +54 $0.000000 54 08 Aug 2023 Series C Liberty Live Common Stock 54 $27.92 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LLYVK Other $0 +538 $0.000000 538 08 Aug 2023 Series C Liberty Live Common Stock 538 $48.78 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LLYVK Other $0 +52 $0.000000 52 08 Aug 2023 Series C Liberty Live Common Stock 52 $21.36 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LSXMK Other $0 +2,170 $0.000000 2,170 08 Aug 2023 Series C Liberty SiriusXM Common Stock 2,170 $34.95 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LSXMK Other $0 -2,111 -100% $0.000000* 0 08 Aug 2023 Series C Liberty SiriusXM Common Stock 2,111 $49.69 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LSXMK Other $0 +2,325 $0.000000 2,325 08 Aug 2023 Series C Liberty SiriusXM Common Stock 2,325 $29.32 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LSXMK Other $0 -2,261 -100% $0.000000* 0 08 Aug 2023 Series C Liberty SiriusXM Common Stock 2,261 $41.69 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LSXMK Other $0 +2,155 $0.000000 2,155 08 Aug 2023 Series C Liberty SiriusXM Common Stock 2,155 $31.89 Direct F3
transaction LSXMA Stock Option (Right to Buy) - LSXMK Other $0 -2,096 -100% $0.000000* 0 08 Aug 2023 Series C Liberty SiriusXM Common Stock 2,096 $45.34 Direct F3
* 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 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Live Common Stock.
F3 In connection with the Reclassification and Exchange, each outstanding option award and 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 option award or restricted stock unit, as applicable, 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 awards"), and a new Liberty Live option award or restricted stock unit for the corresponding series of Liberty Live Common Stock. See remarks section for additional information regarding the new awards.
F4 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formuala One Common Stock.
F5 Each restricted stock unit represents a contingent right to receive one share of Series C Liberty SiriusXM Common Stock.

Remarks:

The number of shares and the exercise price of each new award 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 award 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.