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