0001209191-14-060547.txt : 20141001 0001209191-14-060547.hdr.sgml : 20141001 20141001163030 ACCESSION NUMBER: 0001209191-14-060547 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140929 FILED AS OF DATE: 20141001 DATE AS OF CHANGE: 20141001 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL COMMUNICATION INC CENTRAL INDEX KEY: 0000808461 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 920072737 STATE OF INCORPORATION: AK FISCAL YEAR END: 0419 BUSINESS ADDRESS: STREET 1: 2550 DENALI ST STE 1000 CITY: ANCHORAGE STATE: AK ZIP: 99503 BUSINESS PHONE: 9072655600 MAIL ADDRESS: STREET 1: 2550 DENALI STREET STREET 2: SUITE 1000 CITY: ANCHORAGE STATE: AK ZIP: 99503 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Steinberg David J. CENTRAL INDEX KEY: 0001429076 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15279 FILM NUMBER: 141133385 MAIL ADDRESS: STREET 1: C/O MAST CAPITAL MANAGEMENT LLC STREET 2: 200 CLARENDON STREET, 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02116 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mast Capital Management LLC CENTRAL INDEX KEY: 0001429074 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15279 FILM NUMBER: 141133386 BUSINESS ADDRESS: STREET 1: 200 CLARENDON STREET, 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-375-3000 MAIL ADDRESS: STREET 1: 200 CLARENDON STREET, 51ST FLOOR CITY: BOSTON STATE: MA ZIP: 02116 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2014-09-29 0 0000808461 GENERAL COMMUNICATION INC GNCMA 0001429074 Mast Capital Management LLC 200 CLARENDON STREET 51ST FLOOR BOSTON MA 02116 0 0 1 0 0001429076 Steinberg David J. 200 CLARENDON STREET 51ST FLOOR BOSTON MA 02116 0 0 1 0 Class A common stock 2014-09-29 4 S 0 15000 10.9751 D 413325 I See Footnote Class A common stock 979748 I See Footnote Class A common stock 1670861 I See Footnote Class A common stock 994474 I See Footnote The filing of this Form 4 shall not be construed as an admission that MAST Capital Management, LLC ("MAST Capital") or David J. Steinberg, the principal of MAST Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Class A common stock (the "Common Stock") of General Communication, Inc. (the "Issuer") purchased by certain private investment funds advised by MAST Capital (collectively, the "MAST Accounts"). Pursuant to Rule 16a-1, both MAST Capital and Mr. Steinberg disclaim such beneficial ownership except to the extent of such person's pecuniary interest. Mast Admiral Master Fund LP, for which MAST Capital is the investment manager, holds 413,325 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund. Mast Credit Opportunities I Master Fund Limited, for which MAST Capital is the investment manager, holds 979,748 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund. Mast OC I Master Fund LP, for which MAST Capital is the investment manager, holds 1,670,861 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund. Mast Select Opportunities Master Fund LP, for which MAST Capital is the investment manager, holds 994,474 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund. The sale price represents a weighted average of the sales price for multiple transactions on the same trading day. The range of sales prices was $10.95 to $11.01. The Reporting Persons will provide upon request by the comission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price. /s/ David J., Steinberg, Authorized Person of MAST Capital Management, LLC 2014-10-01 /s/ David J. Steinberg 2014-10-01