Form 4 for BATRA Atlanta Braves Holdings, Inc.
Accepted 2023-07-20 00:00:00 ET · period of report 2023-07-18 · accession 0001225208-23-007603 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-07-20 | 2023-07-18 | BATRA | MCGUIRK TERENCE F | Dir | J - Other | $0.00 | +432.3K | 432.3K | New | $0 |
| DM | 2023-07-20 | 2023-07-18 | BATRA | MCGUIRK TERENCE F | Dir | J - Other | — | +413.6K | 33.1K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Series C Common Stock | 2023-07-18 | J | A | 432,306 | $0.00 | 432,306 | D | — | — | (F1) On July 18, 2023, Liberty Media Corporation ("Liberty Media") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. (the "Issuer"). In the Redemption, Liberty Media redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of the Issuer's Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of the Issuer's Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of the Issuer's Series C common stock. |
| 2 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 380,526 | — | 380,526 | D | $27.18 · — to 2027-12-10 | 380,526 Series C Common Stock | (F2) In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's 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. (F4) This option award vested 50% on December 10, 2022, and will vest 50% on December 10, 2023. |
| 3 | Derivative | Restricted Stock Units - BATRK | 2023-07-18 | J | A | 33,088 | — | 33,088 | D | — · 2023-12-08 to 2023-12-08 | 33,088 Series C Common Stock | (F2) In connection with the Redemption, all equity awards held by the reporting person with respect to Liberty Media's Liberty Braves common stock (each, a "Braves Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the equity awards were granted, such that each Braves Award was exchanged for an option to purchase, or a restricted stock unit with respect to, an equivalent number of shares of the corresponding series of the Issuer's 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. (F3) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Series C common stock. |