SEC FORM 4

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MAFFEI GREGORY B

(Last)

(First)

(Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD

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
X	Officer (give title below)	Other (specify below)
	President, CEO

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series C Liberty SiriusXM Common Stock	08/03/2023		J⁽¹⁾	V	761	D	$0⁽¹⁾	0.0000	I	Sheila Q Maffei 2010 Trust⁽²⁾
Series A Liberty Formula One Common Stock	08/03/2023		J⁽¹⁾	V	181	A	$0⁽¹⁾	181	I	The Ralph Maffei 2010 Trust⁽²⁾
Series A Liberty Formula One Common Stock	08/03/2023		J⁽¹⁾	V	181	D	$0⁽¹⁾	0.0000	I	The Ralph Maffei 2010 Trust⁽²⁾
Series A Liberty Live Common Stock	08/03/2023		J⁽¹⁾	V	188	A	$0⁽¹⁾	188	I	The Ralph Maffei 2010 Trust⁽²⁾
Series A Liberty SiriusXM Common Stock	08/03/2023		J⁽¹⁾	V	725	A	$0⁽¹⁾	725	I	The Ralph Maffei 2010 Trust⁽²⁾
Series A Liberty SiriusXM Common Stock	08/03/2023		J⁽¹⁾	V	725	D	$0⁽¹⁾	0.0000	I	The Ralph Maffei 2010 Trust⁽²⁾
Series C Liberty Formula One Common Stock	08/03/2023		J⁽¹⁾	V	362	A	$0⁽¹⁾	362	I	The Ralph Maffei 2010 Trust⁽²⁾
Series C Liberty Formula One Common Stock	08/03/2023		J⁽¹⁾	V	362	D	$0⁽¹⁾	0.0000	I	The Ralph Maffei 2010 Trust⁽²⁾
Series C Liberty Live Common Stock	08/03/2023		J⁽¹⁾	V	431	A	$0⁽¹⁾	431	I	The Ralph Maffei 2010 Trust⁽²⁾
Series C Liberty SiriusXM Common Stock	08/03/2023		J⁽¹⁾	V	1,665	A	$0⁽¹⁾	1,665	I	The Ralph Maffei 2010 Trust⁽²⁾
Series C Liberty SiriusXM Common Stock	08/03/2023		J⁽¹⁾	V	1,665	D	$0⁽¹⁾	0.0000	I	The Ralph Maffei 2010 Trust⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy) - LLYVK	$48.2⁽³⁾	08/08/2023		J⁽³⁾	V	54,569⁽³⁾		12/30/2022	03/09/2029	Series C Liberty Live Common Stock	54,569⁽³⁾	$0.0000	54,569	D
Stock Option (Right to Buy) - LLYVK	$45.73⁽³⁾	08/08/2023		J⁽³⁾	V	162,570⁽³⁾		12/31/2018	03/05/2025	Series C Liberty Live Common Stock	162,570⁽³⁾	$0.0000	162,570	D
Stock Option (Right to Buy) - LLYVK	$48.78⁽³⁾	08/08/2023		J⁽³⁾	V	65,947⁽³⁾		12/31/2021	03/10/2028	Series C Liberty Live Common Stock	65,947⁽³⁾	$0.0000	65,947	D
Stock Option (Right to Buy) - LLYVK	$50.69⁽³⁾	08/08/2023		J⁽³⁾	V	238,309⁽³⁾		12/31/2023	12/15/2026	Series C Liberty Live Common Stock	238,309⁽³⁾	$0.0000	238,309	D
Stock Option (Right to Buy) - LLYVK	$45.33⁽³⁾	08/08/2023		J⁽³⁾	V	170,918⁽³⁾		12/31/2024	12/10/2027	Series C Liberty Live Common Stock	170,918⁽³⁾	$0.0000	170,918	D
Stock Option (Right to Buy) - LSXMK	$28.51⁽³⁾	08/08/2023		J⁽³⁾	V	97,520⁽³⁾		03/06/2019	03/06/2026	Series C Liberty SiriusXM Common Stock	97,520⁽³⁾	$0.0000	97,520	D
Stock Option (Right to Buy) - LSXMK	$40.53⁽³⁾	08/08/2023		J⁽³⁾	V		94,913⁽³⁾	03/06/2019	03/06/2026	Series C Liberty SiriusXM Common Stock	94,913⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$25.87⁽³⁾	08/08/2023		J⁽³⁾	V	23,081⁽³⁾		05/11/2017	05/11/2024	Series C Liberty SiriusXM Common Stock	23,081⁽³⁾	$0.0000	23,081	D
Stock Option (Right to Buy) - LSXMK	$36.78⁽³⁾	08/08/2023		J⁽³⁾	V		22,465⁽³⁾	05/11/2017	05/11/2024	Series C Liberty SiriusXM Common Stock	22,465⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$21.94⁽³⁾	08/08/2023		J⁽³⁾	V	381,945⁽³⁾		12/29/2023	03/03/2030	Series C Liberty SiriusXM Common Stock	381,945⁽³⁾	$0.0000	381,945	D
Stock Option (Right to Buy) - LSXMK	$31.19⁽³⁾	08/08/2023		J⁽³⁾	V		369,606⁽³⁾	12/29/2023	03/03/2030	Series C Liberty SiriusXM Common Stock	369,606⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$31.51⁽³⁾	08/08/2023		J⁽³⁾	V	218,278⁽³⁾		12/30/2022	03/09/2029	Series C Liberty SiriusXM Common Stock	218,278⁽³⁾	$0.0000	218,278	D
Stock Option (Right to Buy) - LSXMK	$44.8⁽³⁾	08/08/2023		J⁽³⁾	V		212,289⁽³⁾	12/30/2022	03/09/2029	Series C Liberty SiriusXM Common Stock	212,289⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$25.87⁽³⁾	08/08/2023		J⁽³⁾	V	922,319⁽³⁾		12/31/2017	05/11/2024	Series C Liberty SiriusXM Common Stock	922,319⁽³⁾	$0.0000	922,319	D
Stock Option (Right to Buy) - LSXMK	$36.78⁽³⁾	08/08/2023		J⁽³⁾	V		897,694⁽³⁾	12/31/2017	05/11/2024	Series C Liberty SiriusXM Common Stock	897,694⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$29.89⁽³⁾	08/08/2023		J⁽³⁾	V	650,781⁽³⁾		12/31/2018	03/05/2025	Series C Liberty SiriusXM Common Stock	650,781⁽³⁾	$0.0000	650,781	D
Stock Option (Right to Buy) - LSXMK	$42.5⁽³⁾	08/08/2023		J⁽³⁾	V		632,752⁽³⁾	12/31/2018	03/05/2025	Series C Liberty SiriusXM Common Stock	632,752⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$28.51⁽³⁾	08/08/2023		J⁽³⁾	V	407,169⁽³⁾		12/31/2019	03/06/2026	Series C Liberty SiriusXM Common Stock	407,169⁽³⁾	$0.0000	407,169	D
Stock Option (Right to Buy) - LSXMK	$40.53⁽³⁾	08/08/2023		J⁽³⁾	V		396,283⁽³⁾	12/31/2019	03/06/2026	Series C Liberty SiriusXM Common Stock	396,283⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$28.04⁽³⁾	08/08/2023		J⁽³⁾	V	398,666⁽³⁾		12/31/2020	03/11/2027	Series C Liberty SiriusXM Common Stock	398,666⁽³⁾	$0.0000	398,666	D
Stock Option (Right to Buy) - LSXMK	$39.87⁽³⁾	08/08/2023		J⁽³⁾	V		387,603⁽³⁾	12/31/2020	03/11/2027	Series C Liberty SiriusXM Common Stock	387,603⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$31.89⁽³⁾	08/08/2023		J⁽³⁾	V	263,769⁽³⁾		12/31/2021	03/10/2028	Series C Liberty SiriusXM Common Stock	263,769⁽³⁾	$0.0000	263,769	D
Stock Option (Right to Buy) - LSXMK	$45.34⁽³⁾	08/08/2023		J⁽³⁾	V		256,535⁽³⁾	12/31/2021	03/10/2028	Series C Liberty SiriusXM Common Stock	256,535⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$33.14⁽³⁾	08/08/2023		J⁽³⁾	V	953,043⁽³⁾		12/31/2023	12/15/2026	Series C Liberty SiriusXM Common Stock	953,043⁽³⁾	$0.0000	953,043	D
Stock Option (Right to Buy) - LSXMK	$47.11⁽³⁾	08/08/2023		J⁽³⁾	V		927,334⁽³⁾	12/31/2023	12/15/2026	Series C Liberty SiriusXM Common Stock	927,334⁽³⁾	$0.0000	0.0000	D
Stock Option (Right to Buy) - LSXMK	$29.63⁽³⁾	08/08/2023		J⁽³⁾	V	684,068⁽³⁾		12/31/2024	12/10/2027	Series C Liberty SiriusXM Common Stock	684,068⁽³⁾	$0.0000	684,068	D
Stock Option (Right to Buy) - LSXMK	$42.13⁽³⁾	08/08/2023		J⁽³⁾	V		665,140⁽³⁾	12/31/2024	12/10/2027	Series C Liberty SiriusXM Common Stock	665,140⁽³⁾	$0.0000	0.0000	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. The Reporting Person is the successor trustee of the Sheila Q Maffei 2010 Trust and The Ralph Maffei 2010 Trust, which trusts are for the benefit of the estates of Ms. Sheila Maffei and Mr. Ralph Maffei, respectively. The reporting person disclaims any pecuniary interest in the shares held by the Sheila Q Maffei 2010 Trust and The Ralph Maffei 2010 Trust.

3. 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:

Multiple Forms Submitted

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Gregory B. Maffei	08/16/2023
	** Signature of Reporting Person	Date
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