Form 4 for BATRA Atlanta Braves Holdings, Inc.
Accepted 2023-07-20 00:00:00 ET · period of report 2023-07-18 · accession 0001225208-23-007604 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-07-20 | 2023-07-18+ | BATRA | MAFFEI GREGORY B | Pres, CEO, Dir | J - Other | $0.00 | +1.24M | 1.05M | New | $0 |
| DM | 2023-07-20 | 2023-07-18 | BATRA | MAFFEI GREGORY B | Pres, CEO, Dir | J - Other | — | +1.10M | 46.1K | 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 | 2023-07-19 | J | A | 38,588 | $0.00 | 1,089,495 | 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. (F3) On July 19, 2023, following the Redemption, Liberty Media distributed on a pro rata basis 6,792,903 shares of the Issuer's Series C common stock to holders of Liberty Media's Series A Liberty Formula One common stock, Series B Liberty Formula One common stock and Series C Liberty Formula One common stock following the settlement and extinguishment of an intergroup interest in Liberty Media's Braves Group attributed to Liberty Media's Formula One Group, as described in the Registration Statement on Form S-4 filed by Liberty Media with the Securities and Exchange Commission (File No. 333-268921). |
| 2 | Common | Series B Common Stock | 2023-07-18 | J | A | 3,669 | $0.00 | 3,669 | D | — | — | (F2) Each share of Series B common stock is convertible, at the holder's election, into one share of Series A common stock, at any time for no consideration other than the surrender of the share of Series B common stock for each share of Series A common stock. (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. |
| 3 | Common | Series A Common Stock | 2023-07-18 | J | A | 150,687 | $0.00 | 150,687 | 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. |
| 4 | Common | Series C Common Stock | 2023-07-18 | J | A | 1,050,907 | $0.00 | 1,050,907 | 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. |
| 5 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 136,528 | — | 136,528 | D | $20.07 · 2020-12-31 to 2027-03-11 | 136,528 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 6 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 313,342 | — | 313,342 | D | $29.10 · 2023-12-31 to 2026-12-15 | 313,342 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 7 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 352,224 | — | 352,224 | D | $26.36 · 2024-12-31 to 2027-12-10 | 352,224 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 8 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 6,908 | — | 6,908 | D | $27.73 · 2019-03-06 to 2026-03-06 | 6,908 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 9 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 15,283 | — | 15,283 | D | $23.51 · 2017-03-30 to 2024-03-30 | 15,283 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 10 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 94,859 | — | 94,859 | D | $25.49 · 2022-12-30 to 2029-03-09 | 94,859 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 11 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 133,594 | — | 133,594 | D | $23.51 · 2017-12-31 to 2024-03-30 | 133,594 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |
| 12 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | A | 46,052 | — | 46,052 | D | $23.34 · 2018-12-31 to 2025-03-05 | 46,052 Series C Common Stock | (F4) In connection with the Redemption, all option 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 option awards were granted, such that each Braves Award was exchanged for an option to purchase 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. |