Buffett Warren E's Form 4/A amendment
AmendedLiberty Media Corp (FWONA) · filed Jan 18, 2024
- Accession no.
- 0000950170-24-005472
- Filed
- Jan 18, 2024, 5:29 PM ET
- Trade date
- Jan 2-4, 2024
- Filing delay
- 16 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jan 4, 2024
This filing lists 4 non-derivative transactions. Open-market purchases total $32.5M. It was filed 16 days after the trade.
This amendment replaces 0000950170-24-005467 (filed Jan 18, 2024).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Buffett Warren ECIK 0000315090 | 10% Owner |
| Berkshire Hathaway IncCIK 0001067983 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 2, 2024 | Series A Liberty SiriusXM Common Stock | PPurchaseAcquired | +162,842 | $29.18F1 | +$4,752,201.8 | 20,370,522 | Indirect | |
| Jan 3, 2024 | Series A Liberty SiriusXM Common Stock | PPurchaseAcquired | +261,090 | $29.54F4 | +$7,711,684.79 | 20,631,612 | Indirect | |
| Jan 3, 2024 | Series A Liberty SiriusXM Common Stock | PPurchaseAcquired | +375,363 | $29.99F5 | +$11,256,460.72 | 21,006,975 | Indirect | |
| Jan 4, 2024 | Series A Liberty SiriusXM Common Stock | PPurchaseAcquired | +291,459 | $29.99F6 | +$8,741,467.47 | 21,298,434 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.6200 to $29.4400. The Reporting Persons undertake to provide Liberty Media Corporation ("Liberty"), any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 2 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F2
16,990,317 of the total reported shares of Series A Liberty SiriusXM Common Stock were owned as of January 4, 2024 by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): Government Employees Insurance Company (14,229,854), National Fire & Marine Insurance Company (933,391), and National Indemnity Company (1,827,072). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3
4,308,117 of the total reported shares of Series A Liberty SiriusXM Common Stock were owned as of January 4, 2024 by the following pension plans of Berkshire's subsidiaries: Berkshire Hathaway Consolidated Pension Plan (2,359,919), BNSF Master Retirement Trust (936,000), and Precision Castparts Corp. Master Trust (1,012,198). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.
- F4
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $28.8900 to $29.8800. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 4 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.9000 to $30.0000. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 5 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $29.7100 to $30.1400. The Reporting Persons undertake to provide Liberty, any security holder of Liberty, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 6 to this Form 4.
Referenced by the price of 1 transaction in Table I.
Remarks
1. This amendment is filed to correct a clerical error and report the correct issuer of shares with the trading symbol LSXMA. On January 4, 2024, Mr. Buffett and Berkshire filed a Form 4 which inadvertently reported that they had acquired shares in Liberty Media LLC.