Albert E. Rosenthaler - 03 Aug 2023 Form 4 Insider Report for Liberty Media Corp (FWONA)

Reporting relationship: Chief Corp. Dev. Officer
Issuer ticker: FWONA
Reported as of: 03 Aug 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Aug 2023, 17:49:18 UTC
Prior SEC filing: 28 Jul 2023
Next SEC filing: 03 Apr 2024
Source filing: View source filing
Reporting owner signature: /s/ Brittany A. Uthoff as Attorney-in-Fact for Albert E. Rosenthaler

Key filing fact

Albert E. Rosenthaler filed Form 4 for Liberty Media Corp (FWONA) on 16 Aug 2023.

Key facts

This page summarizes Albert E. Rosenthaler's Form 4 filing for Liberty Media Corp (FWONA).
19 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 16 Aug 2023, 17:49.

Change

Previous filing in this sequence was filed on 28 Jul 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 Formula One Common Stock

Other

Transaction value: $0
Shares: +16,656
Change %
Price: $0.000000
Shares after: 16,656
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series A Liberty Formula One Common Stock

Other

Transaction value: $0
Shares: -16,656
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series A Liberty Live Common Stock

Other

Transaction value: $0
Shares: +17,368
Change %
Price: $0.000000
Shares after: 17,368
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series A Liberty SiriusXM Common Stock

Other

Transaction value: $0
Shares: +66,624
Change %
Price: $0.000000
Shares after: 66,624
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series A Liberty SiriusXM Common Stock

Other

Transaction value: $0
Shares: -66,624
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series C Liberty Formula One Common Stock

Other

Transaction value: $0
Shares: +59,195
Change %
Price: $0.000000
Shares after: 59,195
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series C Liberty Formula One Common Stock

Other

Transaction value: $0
Shares: -59,195
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series C Liberty Live Common Stock

Other

Transaction value: $0
Shares: +47,308
Change %
Price: $0.000000
Shares after: 47,308
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series C Liberty SiriusXM Common Stock

Other

Transaction value: $0
Shares: +179,103
Change %
Price: $0.000000
Shares after: 179,103
Date: 03 Aug 2023
Ownership: Direct
Footnotes: F1

LSXMA transaction

Series C Liberty SiriusXM Common Stock

Other

Transaction value: $0
Shares: -179,103
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 03 Aug 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) - FWONK

Other

Transaction value: $0
Shares: +54,422
Change %
Price: $0.000000
Shares after: 54,422
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty Formula One Common Stock
Underlying amount: 54,422
Exercise price: $42.10
Footnotes: F2, F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - FWONK

Other

Transaction value: $0
Shares: -53,882
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty Formula One Common Stock
Underlying amount: 53,882
Exercise price: $41.78
Footnotes: F2, F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - LLYVK

Other

Transaction value: $0
Shares: +15,952
Change %
Price: $0.000000
Shares after: 15,952
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty Live Common Stock
Underlying amount: 15,952
Exercise price: $45.33
Footnotes: F2, F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - LLYVK

Other

Transaction value: $0
Shares: +2,244
Change %
Price: $0.000000
Shares after: 2,244
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty Live Common Stock
Underlying amount: 2,244
Exercise price: $20.03
Footnotes: F2, F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - LLYVK

Other

Transaction value: $0
Shares: +10,115
Change %
Price: $0.000000
Shares after: 10,115
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty Live Common Stock
Underlying amount: 10,115
Exercise price: $42.19
Footnotes: F2

LSXMA transaction Derivative

Stock Option (Right to Buy) - LSXMK

Other

Transaction value: $0
Shares: +63,846
Change %
Price: $0.000000
Shares after: 63,846
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty SiriusXM Common Stock
Underlying amount: 63,846
Exercise price: $29.63
Footnotes: F2, F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - LSXMK

Other

Transaction value: $0
Shares: -62,080
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty SiriusXM Common Stock
Underlying amount: 62,080
Exercise price: $42.13
Footnotes: F2, F3

LSXMA transaction Derivative

Stock Option (Right to Buy) - LSXMK

Other

Transaction value: $0
Shares: +40,471
Change %
Price: $0.000000
Shares after: 40,471
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty SiriusXM Common Stock
Underlying amount: 40,471
Exercise price: $27.58
Footnotes: F2

LSXMA transaction Derivative

Stock Option (Right to Buy) - LSXMK

Other

Transaction value: $0
Shares: -39,384
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Series C Liberty SiriusXM Common Stock
Underlying amount: 39,384
Exercise price: $39.21
Footnotes: F2

^* 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 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").

Footnote F2

In connection with the Reclassification and Exchange, each outstanding option award 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 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 to purchase shares of the corresponding series of Liberty Live Common Stock. See remarks section for additional information regarding the new awards.

Footnote F3

This option award vested 50% on December 10, 2022, and will vest 50% on December 10, 2023.

SEC 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.