Key facts
- This page summarizes Larry E. Romrell's Form 4 filing for Liberty Media Corp (FWONA).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 26 Aug 2024, 17:10.
Larry E. Romrell - 23 Aug 2024 Form 4 Insider Report for Liberty Media Corp (FWONA)
- Reporting relationship
- Director
- Issuer ticker
- FWONA
- Reported as of
- 23 Aug 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 26 Aug 2024, 17:10:57 UTC
- Prior SEC filing
- 23 May 2024
- Next SEC filing
- 11 Sep 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Katherine C. Jewell as Attorney-in-Fact for Larry E. Romrell
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Larry E. Romrell filed Form 4 for Liberty Media Corp (FWONA) on 26 Aug 2024.
Change
- Previous filing in this sequence was filed on 23 May 2024.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LSXMA
transaction
Series C Liberty SiriusXM Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +1,596
- Change %
- +9.8%
- Price
- $0.000000
- Shares after
- 17,951
- Date
- 23 Aug 2024
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LSXMA
transaction
Derivative
Restricted Stock Units-LSXMK
Options Exercise
- Transaction value
- $0
- Shares
- -1,596
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 23 Aug 2024
- Ownership
- Direct
- Underlying class
- Series C Liberty SiriusXM Common Stock
- Underlying amount
- 1,596
- Exercise price
- Footnotes
- F2, 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
Each restricted stock unit converted into one share of Series C Liberty SiriusXM Common Stock ("LSXMK").
Footnote F2
Each restricted stock unit represents a contingent right to receive one share of LSXMK.
Footnote F3
As previously disclosed, the Issuer is proposing to separate its Liberty SiriusXM Group on September 9, 2024 by means of a redemptive split-off (the "Transaction") as further discussed in the Remarks section. In connection with the proposed Transaction, the vesting of the equity award reported herein was accelerated to August 23, 2024.
SEC remarks
To effect the Transaction, on September 9, 2024, the Issuer expects to contribute all of the assets and liabilities of the Liberty SiriusXM Group to Liberty Sirius XM Holdings Inc. ("New Sirius") and to redeem each share of its Series A Liberty SiriusXM common stock ("LSXMA"), Series B Liberty SiriusXM common stock ("LSXMB") and LSXMK for a fraction of a share of common stock of New Sirius equal to the Exchange Ratio (as defined in that certain Reorganization Agreement, dated as of December 11, 2023, by and among Issuer, New Sirius and Sirius XM Holdings Inc., as amended from time to time (the "Reorganization Agreement")), with no shares of LSXMA, LSXMB or LSXMK remaining outstanding and with cash (without interest) paid in lieu of any fractional shares of common stock of New Sirius, after aggregating all shares of common stock of New Sirius issuable by series of LSXMA, LSXMB and LSXMK. As a result of effecting the foregoing Transaction, New Sirius will be split-off from the Issuer and the Issuer will cease to have an equity interest in New Sirius.