Malone John C's Form 4 filing
Liberty Media Corp (FWONA) · filed Jun 7, 2024
- Accession no.
- 0001104659-24-069611
- Filed
- Jun 7, 2024
- Trade date
- Jun 5, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 derivative transactions. It was filed 2 days after the trade.
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 |
|---|---|
| Malone John CCIK 0000937797 | Director, Officer (Chairman of the Board), 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 5, 2024 | Series C Liberty Formula One Common Stock | SSaleDisposed | −2,280,381 | –F1,F2,F3 | – | 2,280,381 | Direct | |
| Jun 5, 2024 | Series C Liberty Formula One Common Stock | PPurchaseAcquired | +2,280,381 | –F1,F2,F3 | – | 2,280,381 | Direct | |
| Jun 5, 2024 | Series C Liberty Formula One Common Stock | SSaleDisposed | −166,171 | –F1,F3,F4 | – | 166,171 | Indirect | |
| Jun 5, 2024 | Series C Liberty Formula One Common Stock | PPurchaseAcquired | +166,171 | –F1,F3,F4 | – | 166,171 | 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
On June 5, 2024, the reporting person and his spouse entered into a "zero-cost collar" arrangement (the "Transactions") pursuant to which they wrote European call options and purchased European put options over an aggregate of 2,446,552 shares of Series C Liberty Formula One Common Stock. Only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. The Transaction will be settled in cash unless the reporting person or his spouse, as applicable, elects physical settlement.
Referenced by the price of 4 transactions in Table II.
- F2
This Transaction is divided into 20 components, the first 19 of which are with respect to 114,019 shares of Series C Liberty Formula One Common Stock and the last of which is with respect to 114,020 shares. The components mature on sequential trading days over the period beginning on May 17, 2027 and ending on June 14, 2027.
Referenced by the price of 2 transactions in Table II.
- F3
The Transactions are "zero-cost collars" in which no premium was exchanged for either the call options or the put options.
Referenced by the price of 4 transactions in Table II.
- F4
This Transaction is divided into 20 components, the first 19 of which are with respect to 8,308 shares of Series C Liberty Formula One Common Stock and the last of which is with respect to 8,319 shares. The components mature on sequential trading days over the period beginning on May 17, 2027 and ending on June 14, 2027.
Referenced by the price of 2 transactions in Table II.