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^*

Gilchrist Malcolm Ian Grant

(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
	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)
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 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)
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) - 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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