Form 4 for FWONA Liberty Media Corp
Accepted 2024-08-26 00:00:00 ET · period of report 2024-08-23 · accession 0001225208-24-008218 · 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 | 2024-08-26 | 2024-08-23 | FWONA | Wilm Renee L | Chief Legal, Admin Off | A - Grant | $0.00 | +9,473 | 60.2K | +19% | $0 |
| D | 2024-08-26 | 2024-08-23 | FWONA | Wilm Renee L | Chief Legal, Admin Off | F - Tax | $23.13 | -17.7K | 42.5K | -29% | -$408.5K |
| D | 2024-08-26 | 2024-08-23 | FWONA | Wilm Renee L | Chief Legal, Admin Off | M - OptEx | $0.00 | +32.8K | 50.7K | +183% | $0 |
| D | 2024-08-26 | 2024-08-23 | FWONA | Wilm Renee L | Chief Legal, Admin Off | M - OptEx | $0.00 | -32.8K | 0 | -100% | $0 |
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 SiriusXM Common Stock | 2024-08-23 | A | A | 9,473 | $0.00 | 60,157 | D | — | — | (F2) Represents shares underlying performance-based restricted stock units granted to the Reporting Person on March 5, 2024 that were subject to the satisfaction of performance criteria, the vesting of which was accelerated as explained in Note 4 below. |
| 2 | Common | Series C Liberty SiriusXM Common Stock | 2024-08-23 | F | D | 17,662 | $23.13 | 42,495 | D | — | — | |
| 3 | Common | Series C Liberty SiriusXM Common Stock | 2024-08-23 | M | A | 32,768 | $0.00 | 50,684 | D | — | — | (F1) Each restricted stock unit converted into one share of Series C Liberty SiriusXM Common Stock ("LSXMK"). |
| 4 | Derivative | Restricted Stock Units-LSXMK | 2024-08-23 | M | D | 32,768 | $0.00 | 0 | D | — · — to — | 32,768 Series C Liberty SiriusXM Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of LSXMK. (F4) 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 awards reported herein was accelerated to August 23, 2024 and, specifically with respect to the acceleration and vesting of performance-based restricted stock units granted to the Reporting Person, such performance-based restricted stock units were deemed satisfied at 100% of "target" in accordance with the Reorganization Agreement (as defined in the Remarks section). |