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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Liberty Broadband Corp [ LBRDA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/16/2024 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 C Common Stock | 12/16/2024 | M | 1,500,000 | A | $48.1 | 2,898,513(1) | D | |||
Series C Common Stock | 12/16/2024 | S | 71,500 | D | $81.9958(2) | 2,827,013 | D | |||
Series C Common Stock | 12/16/2024 | F | 1,146,767 | D | $82.45 | 1,680,246 | D | |||
Series C Common Stock | 12/17/2024 | S | 1,165 | D | $81.2988(3) | 1,679,081 | D | |||
Series C Common Stock | 12/17/2024 | S | 118,825 | D | $80.6048(4) | 1,560,256 | D | |||
Series C Common Stock | 274,990(5) | I | Maven 2016 - 1 GRAT(6) | |||||||
Series C Common Stock | 137,683(7) | I | Maven 2017 - 1 GRAT(6) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 - LBRDK (Right to Buy) | $48.1 | 12/16/2024 | M | 1,500,000 | (8) | 12/17/2024 | Series C Common Stock | 1,500,000 | $0.0000 | 0.0000 | D |
Explanation of Responses: |
1. Includes the distribution to the reporting person's direct holdings of 100 shares of the Issuer's Series C common stock on June 26, 2023, by the Maven 2017-1 GRAT; 160,962 shares of the Issuer's Series C common stock on February 29, 2024, by the Maven 2016-1 GRAT; and 118,320 shares of the Issuer's Series C common stock on June 26, 2024, by the Maven 2017-1 GRAT. |
2. The price is a weighted average price. These shares were sold in multiple transactions ranging from $81.55 to $82.52, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission,the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
3. The price is a weighted average price. These shares were sold in multiple transactions ranging from $81.235 to $81.415, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission,the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
4. The price is a weighted average price. These shares were sold in multiple transactions ranging from $81.220 to $81.190, inclusive. The reporting person undertakes to provide to the Securities and Exchange Commission,the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range. |
5. Includes the distribution to the reporting person's direct holdings of 160,962 shares of the Issuer's Series C common stock on February 29,2024 by the Maven 2016-1 GRAT. |
6. The reporting person is the sole trustee of the grantor retained annuity trust, for the benefit of himself, his spouse and his children. |
7. Includes the distribution to the reporting person's direct holdings of (i) 100 shares of the Issuer's Series C common stock on June 26, 2023, by the Maven 2017-1 GRAT. and (ii) 118,320 shares of the Issuer's Series C common stock on June 26, 2024, by the Maven 2017-1 GRAT. |
8. These options vested 50% on December 17, 2018, and 50% on December 17, 2019. |
/s/ Katherine C. Jewell as Attorney-in-Fact for Gregory B. Maffei | 12/18/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |