Malone John C - 19 Jul 2022 Form 4 Insider Report for Liberty Broadband Corp (LBRDA)

Role
Director, 10%+ Owner
Signature
/s/ Brittany A. Uthoff as Attorney-in-Fact for John C. Malone
Issuer symbol
LBRDA
Transactions as of
19 Jul 2022
Transactions value $
$0
Form type
4
Date filed
20 Jul 2022, 18:16
Previous filing
30 Jun 2022
Next filing
10 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LBRDA Series B Common Stock Disposed to Issuer $0 -211K -10.89% $0.00 1.73M 19 Jul 2022 Direct F1, F2
transaction LBRDA Series C Common Stock Award $0 +211K +4.34% $0.00 5.08M 19 Jul 2022 Direct F2
holding LBRDA Series B Common Stock 123K 19 Jul 2022 John C. Malone June 2003 Charitable Remainder Unitrust F1
holding LBRDA Series B Common Stock 57.6K 19 Jul 2022 Leslie A. Malone 1995 Revocable Trust F1, F3
holding LBRDA Series C Common Stock 357K 19 Jul 2022 Leslie A. Malone 1995 Revocable Trust F3
holding LBRDA Series C Common Stock 213K 19 Jul 2022 Malone LG 2013 Charitable Remainder Unitrust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 On June 13, 2022, the Issuer and the reporting person entered into an Exchange Agreement (the "Exchange Agreement"), as previously described in the Issuer's Current Report on Form 8-K filed on June 13, 2022, pursuant to which, among other things, the Issuer agreed that on the terms and subject to the conditions of the Exchange Agreement, the reporting person shall, upon the occurrence of an Accretive Event (as defined in the Exchange Agreement) exchange with the Issuer shares of Series B Common Stock of the Issuer for an equal number of shares of Series C Common Stock of the Issuer (a "Reverse Exchange"). The Exchange Agreement, Reverse Exchange and related transactions were approved by a committee of the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F3 The reporting person disclaims beneficial ownership of these shares owned by his spouse.