SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Gilchrist Malcolm Ian Grant

(Last) (First) (Middle)
12300 LIBERTY BOULEVARD

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ LSXMA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series A Liberty Formula One Common Stock 08/03/2023 J(1) V 293 A $0(1) 293 D
Series A Liberty Formula One Common Stock 08/03/2023 J(1) V 293 D $0(1) 0.0000 D
Series A Liberty Live Common Stock 08/03/2023 J(1) V 132 A $0(1) 132 D
Series A Liberty SiriusXM Common Stock 08/03/2023 J(1) V 482 A $0(1) 482 D
Series A Liberty SiriusXM Common Stock 08/03/2023 J(1) V 482 D $0(1) 0.0000 D
Series C Liberty Formula One Common Stock 08/03/2023 J(1) V 1,483 A $0(1) 1,483 D
Series C Liberty Formula One Common Stock 08/03/2023 J(1) V 1,483 D $0(1) 0.0000 D
Series C Liberty Live Common Stock 08/03/2023 J(1) V 1,009 A $0(1) 1,009 D
Series C Liberty SiriusXM Common Stock 08/03/2023 J(1) V 3,785 A $0(1) 3,785 D
Series C Liberty SiriusXM Common Stock 08/03/2023 J(1) V 3,785 D $0(1) 0.0000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) - FWONK $29.92(2) 08/08/2023 J(2) V 3,885(2) 12/06/2019 12/06/2025 Series C Liberty Formula One Common Stock 3,885(2) $0.0000 3,885 D
Stock Option (Right to Buy) - FWONK $29.69(2) 08/08/2023 J(2) V 3,994(2) 12/06/2019 12/06/2025 Series C Liberty Formula One Common Stock 3,994(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - FWONK $60.73(2) 08/08/2023 J(2) V 2,425(2) 12/06/2022 12/06/2028 Series C Liberty Formula One Common Stock 2,425(2) $0.0000 2,425 D
Stock Option (Right to Buy) - FWONK $60.27(2) 08/08/2023 J(2) V 2,492(2) 12/06/2022 12/06/2028 Series C Liberty Formula One Common Stock 2,492(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - FWONK $58.69(2) 08/08/2023 J(2) V 2,562(2) 12/08/2023 12/08/2029 Series C Liberty Formula One Common Stock 2,562(2) $0.0000 2,562 D
Stock Option (Right to Buy) - FWONK $58.25(2) 08/08/2023 J(2) V 2,634(2) 12/08/2023 12/08/2029 Series C Liberty Formula One Common Stock 2,634(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - FWONK $43.84(2) 08/08/2023 J(2) V 3,824(2) 12/09/2020 12/09/2026 Series C Liberty Formula One Common Stock 3,824(2) $0.0000 3,824 D
Stock Option (Right to Buy) - FWONK $43.51(2) 08/08/2023 J(2) V 3,931(2) 12/09/2020 12/09/2026 Series C Liberty Formula One Common Stock 3,931(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - FWONK $34.99(2) 08/08/2023 J(2) V 4,101(2) 12/12/2018 12/12/2024 Series C Liberty Formula One Common Stock 4,101(2) $0.0000 4,101 D
Stock Option (Right to Buy) - FWONK $34.72(2) 08/08/2023 J(2) V 4,215(2) 12/12/2018 12/12/2024 Series C Liberty Formula One Common Stock 4,215(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - LLYVK $42.26(2) 08/08/2023 J(2) V 1,552(2) 12/06/2019 12/06/2025 Series C Liberty Live Common Stock 1,552(2) $0.0000 1,552 D
Stock Option (Right to Buy) - LLYVK $14.23(2) 08/08/2023 J(2) V 166(2) 12/06/2019 12/06/2025 Series C Liberty Live Common Stock 166(2) $0.0000 166 D
Stock Option (Right to Buy) - LLYVK $53.46(2) 08/08/2023 J(2) V 1,085(2) 12/06/2022 12/06/2028 Series C Liberty Live Common Stock 1,085(2) $0.0000 1,085 D
Stock Option (Right to Buy) - LLYVK $28.89(2) 08/08/2023 J(2) V 103(2) 12/06/2022 12/06/2028 Series C Liberty Live Common Stock 103(2) $0.0000 103 D
Stock Option (Right to Buy) - LLYVK $27.92(2) 08/08/2023 J(2) V 109(2) 12/08/2023 12/08/2029 Series C Liberty Live Common Stock 109(2) $0.0000 109 D
Stock Option (Right to Buy) - LLYVK $44.85(2) 08/08/2023 J(2) V 1,162(2) 12/08/2023 12/29/2029 Series C Liberty Live Common Stock 1,162(2) $0.0000 1,162 D
Stock Option (Right to Buy) - LLYVK $50.88(2) 08/08/2023 J(2) V 1,563(2) 12/09/2020 12/09/2026 Series C Liberty Live Common Stock 1,563(2) $0.0000 1,563 D
Stock Option (Right to Buy) - LLYVK $20.86(2) 08/08/2023 J(2) V 163(2) 12/09/2020 12/09/2026 Series C Liberty Live Common Stock 163(2) $0.0000 163 D
Stock Option (Right to Buy) - LLYVK $45.33(2) 08/08/2023 J(2) V 1,435(2) 12/10/2021 12/10/2027 Series C Liberty Live Common Stock 1,435(2) $0.0000 1,435 D
Stock Option (Right to Buy) - LLYVK $45.86(2) 08/08/2023 J(2) V 1,604(2) 12/12/2018 12/12/2024 Series C Liberty Live Common Stock 1,604(2) $0.0000 1,604 D
Stock Option (Right to Buy) - LLYVK $16.64(2) 08/08/2023 J(2) V 175(2) 12/12/2018 12/12/2024 Series C Liberty Live Common Stock 175(2) $0.0000 175 D
Stock Option (Right to Buy) - LSXMK $27.63(2) 08/08/2023 J(2) V 6,204(2) 12/06/2019 12/06/2025 Series C Liberty SiriusXM Common Stock 6,204(2) $0.0000 6,204 D
Stock Option (Right to Buy) - LSXMK $39.28(2) 08/08/2023 J(2) V 6,039(2) 12/06/2019 12/06/2025 Series C Liberty SiriusXM Common Stock 6,039(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - LSXMK $34.95(2) 08/08/2023 J(2) V 4,342(2) 12/06/2022 12/06/2028 Series C Liberty SiriusXM Common Stock 4,342(2) $0.0000 4,342 D
Stock Option (Right to Buy) - LSXMK $29.32(2) 08/08/2023 J(2) V 4,651(2) 12/08/2023 12/08/2029 Series C Liberty SiriusXM Common Stock 4,651(2) $0.0000 4,651 D
Stock Option (Right to Buy) - LSXMK $41.69(2) 08/08/2023 J(2) V 4,522(2) 12/08/2023 12/08/2029 Series C Liberty SiriusXM Common Stock 4,522(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - LSXMK $33.26(2) 08/08/2023 J(2) V 6,255(2) 12/09/2020 12/09/2026 Series C Liberty SiriusXM Common Stock 6,255(2) $0.0000 6,255 D
Stock Option (Right to Buy) - LSXMK $29.63(2) 08/08/2023 J(2) V 5,745(2) 12/10/2021 12/10/2027 Series C Liberty SiriusXM Common Stock 5,745(2) $0.0000 5,745 D
Stock Option (Right to Buy) - LSXMK $42.13(2) 08/08/2023 J(2) V 5,587(2) 12/10/2021 12/10/2027 Series C Liberty SiriusXM Common Stock 5,587(2) $0.0000 0.0000 D
Stock Option (Right to Buy) - LSXMK $29.98(2) 08/08/2023 J(2) V 6,418(2) 12/12/2018 12/12/2024 Series C Liberty SiriusXM Common Stock 6,418(2) $0.0000 6,418 D
Explanation of Responses:
1. On August 3, 2023, the Issuer effected a reclassification and exchange (the "Reclassification and Exchange"), pursuant to which: (i) each outstanding share of Liberty SiriusXM Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty SiriusXM Common Stock and 0.2500 of a share of the corresponding series of new Liberty Live Common Stock, and (ii) each outstanding share of Liberty Formula One Common Stock was reclassified into and exchanged for one share of the corresponding series of new Liberty Formula One Common Stock and 0.0428 of a share of the corresponding series of new Liberty Live Common Stock. The Reclassification and Exchange was exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act ("Rule 16b-3").
2. In connection with the Reclassification and Exchange, each outstanding option award held by the reporting person with respect to the Issuer's Liberty SiriusXM Common Stock and/or with respect to the Issuer's Liberty Formula One Common Stock (together, the "original awards") was reclassified into and exchanged for a new option award with respect to shares of the corresponding series of new Liberty SiriusXM Common Stock or new Liberty Formula One Common Stock, as applicable (together, the "new awards"), and a new Liberty Live option award to purchase shares of the corresponding series of Liberty Live Common Stock. See remarks section for additional information regarding the new awards.
Remarks:
The number of shares and the exercise price of each new award were determined on August 8, 2023, and such adjustments were designed to preserve the value associated with the original awards prior to the Reclassification and Exchange. Otherwise such new award remains subject to the terms and conditions of the corresponding original award. Such adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3. Multiple Forms Filed.,Multiple Forms Submitted
/s/ Brittany A. Uthoff as Attorney-in-Fact for Malcolm Ian Grant Gilchrist 08/16/2023
** Signature of Reporting Person Date
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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