0001209191-20-035272.txt : 20200609
0001209191-20-035272.hdr.sgml : 20200609
20200609163546
ACCESSION NUMBER: 0001209191-20-035272
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200605
FILED AS OF DATE: 20200609
DATE AS OF CHANGE: 20200609
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WESCHLER, R. TED
CENTRAL INDEX KEY: 0001130334
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35707
FILM NUMBER: 20952297
MAIL ADDRESS:
STREET 1: 404B EAST MAIN STREET
STREET 2: 2ND FLOOR
CITY: CHARLOTTESVILLE
STATE: VA
ZIP: 22902
FORMER NAME:
FORMER CONFORMED NAME: WESCHLER R TED
DATE OF NAME CHANGE: 20001220
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Liberty Media Corp
CENTRAL INDEX KEY: 0001560385
STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833]
IRS NUMBER: 371699499
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 12300 LIBERTY BOULEVARD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
BUSINESS PHONE: 720-875-5400
MAIL ADDRESS:
STREET 1: 12300 LIBERTY BOULEVARD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
FORMER COMPANY:
FORMER CONFORMED NAME: Liberty Spinco, Inc.
DATE OF NAME CHANGE: 20121015
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-06-05
0
0001560385
Liberty Media Corp
LSXMK
0001130334
WESCHLER, R. TED
404 EAST MAIN STREET
CHARLOTTESVILLE
VA
22902
0
0
0
1
Member of 10% owner group
Series C Liberty SiriusXM Common Stock
2020-06-05
4
X
0
7175955
25.47
A
42868070
I
See footnotes
Series C Liberty SiriusXM Common Stock
2020-06-05
4
X
0
76354
25.47
A
618422
D
Series C Liberty SiriusXM Common Stock
2020-06-05
4
X
0
4170
25.47
A
33770
I
See footnotes
Series C Liberty SiriusXM Common Stock
2020-06-05
4
X
0
2333
25.47
A
18887
I
See footnote
Series C Liberty SiriusXM Rights
25.47
2020-06-05
4
X
0
7175955
0.00
D
2020-05-18
2020-06-05
Series C Liberty SiriusXM Common Stock
7175955
0
I
See footnotes
Series C Liberty SiriusXM Rights
25.47
2020-06-05
4
X
0
76354
0.00
D
2020-05-18
2020-06-05
Series C Liberty SiriusXM Common Stock
76354
0
D
Series C Liberty SiriusXM Rights
25.47
2020-06-05
4
X
0
4170
0.00
D
2020-05-18
2020-06-05
Series C Liberty SiriusXM Common Stock
4170
0
I
See footnotes
Series C Liberty SiriusXM Rights
25.47
2020-06-05
4
X
0
2333
0.00
D
2020-05-18
2020-06-05
Series C Liberty SiriusXM Common Stock
2333
0
I
See footnotes
These shares were acquired by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock ("Series C Shares"), Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The reporting person disclaims beneficial ownership of Series C Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Series C Shares that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.
These shares are owned by a daughter of the reporting person.
The reporting person has or shares trading authority over these shares.
The reporting person may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 of the Exchange Act, or for any other purpose.
These shares are owned by the Rita E. and Frank J. Weschler Educational Trust, of which the reporting person's daughters are beneficiaries.
As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, Liberty has distributed subscription rights to holders of its Series A and Series C Liberty SiriusXM Common Stock to acquire shares of its Series C Liberty SiriusXM Common Stock (the "Series C Liberty SiriusXM Rights"). In the rights offering, each Series C Liberty SiriusXM Right entitled the holder to a basic subscription privilege and an oversubscription privilege. Under the basic subscription privilege, each whole Series C Liberty SiriusXM Right entitled the holder to purchase one share of Liberty's Series C Liberty SiriusXM Common Stock at a subscription price of $25.47. Under the oversubscription privilege, each rightsholder that exercised its basic subscription privilege had the right to subscribe, at the subscription price, for up to that number of shares of Liberty's Series C Liberty SiriusXM Common Stock
Continued from footnote 6: which were not purchased by other rightsholders under their basic subscription privilege.
As described in Liberty's Form S-3ASR filed with the Securities and Exchange Commission on May 14, 2020, the rights offering commenced on May 18, 2020 and expired on June 5, 2020.
These Series C Liberty SiriusXM Rights were owned, prior to exercise on June 5, 2020, by certain subsidiaries and subsidiary benefit plans of Berkshire. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, shares of Series C Liberty SiriusXM Common Stock, Berkshire and the reporting person have agreed to file as a "group" under Section 13 of the Exchange Act. The reporting person disclaims beneficial ownership of any Series C Liberty SiriusXM Rights (and the underlying Series C Shares) owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person was previously the beneficial owner of any Series C Liberty SiriusXM Rights (or the underlying Series C Shares)
Continued from footnote 9: that were not directly owned by the reporting person for purposes of Section 16 of the Exchange Act, or for any other purpose.
These Series C Liberty SiriusXM Rights were owned, prior to exercise, by a daughter of the reporting person.
The reporting person had or shared trading authority over these Series C Liberty SiriusXM Rights.
The reporting person may have been deemed to beneficially own, but only to the extent he had a pecuniary interest in, these rights. The reporting person disclaims beneficial ownership of these rights (and the underlying Series C Shares) except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person was previously the beneficial owner of these rights (or the underlying Series C Shares) for purposes of Section 16 of the Exchange Act, or for any other purpose.
These Series C Liberty SiriusXM Rights were owned, prior to exercise, by the Rita E. and Frank J. Weschler Educational Trust, of which the reporting person's daughters are beneficiaries.
/s/ R. Ted Weschler
2020-06-09