Form 4 for FWONA Liberty Media Corp
Accepted 2023-07-20 00:00:00 ET · period of report 2023-07-18 · accession 0001225208-23-007616 · 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 | FWONA | Wendling Brian J | CAO, PFO | J - Other | $0.00 | -15.8K | 0 | -100% | $0 |
| D | 2023-07-20 | 2023-07-18 | FWONA | Wendling Brian J | CAO, PFO | J - Other | — | -13.6K | 0 | -100% | — |
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 Liberty Braves Common Stock | 2023-07-18 | J | D | 15,805 | $0.00 | 0 | D | — | — | (F1) On July 18, 2023, Liberty Media Corporation (the "Issuer") redeemed (the "Redemption") each share of its Liberty Braves common stock for shares of common stock of Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings"). In the Redemption, the Issuer redeemed (i) each outstanding share of its Series A Liberty Braves common stock for one share of Atlanta Braves Holdings' Series A common stock, (ii) each outstanding share of its Series B Liberty Braves common stock for one share of Atlanta Braves Holdings' Series B common stock and (iii) each outstanding share of its Series C Liberty Braves common stock for one share of Atlanta Braves Holdings' Series C common stock. Such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. |
| 2 | Derivative | Stock Option (Right to Buy) - BATRK | 2023-07-18 | J | D | 13,649 | — | 0 | D | $26.36 · — to 2027-12-10 | 13,649 Series C Liberty Braves Common Stock | (F2) In connection with the Redemption, all option awards held by the reporting person with respect to Issuer'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 Atlanta Braves Holdings' 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) This option award vested 50% on December 10, 2022, and will vest 50% on December 10, 2023. |