0001104659-23-040323.txt : 20230331
0001104659-23-040323.hdr.sgml : 20230331
20230331175202
ACCESSION NUMBER: 0001104659-23-040323
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230329
FILED AS OF DATE: 20230331
DATE AS OF CHANGE: 20230331
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MALONE JOHN C
CENTRAL INDEX KEY: 0000937797
STATE OF INCORPORATION: CO
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36713
FILM NUMBER: 23789506
MAIL ADDRESS:
STREET 1: 12300 LIBERTY BLVD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Liberty Broadband Corp
CENTRAL INDEX KEY: 0001611983
STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841]
IRS NUMBER: 471211994
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 12300 LIBERTY BLVD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
BUSINESS PHONE: 720-875-5400
MAIL ADDRESS:
STREET 1: 12300 LIBERTY BLVD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
4
1
tm2311205-1_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-03-29
0
0001611983
Liberty Broadband Corp
LBRDA
0000937797
MALONE JOHN C
12300 LIBERTY BLVD
ENGLEWOOD
CO
80112
1
0
1
0
0
Call option(obligation to sell)
114.0030
2023-03-29
4
S
1
400000
D
Series C Common Stock
400000
400000
D
Put option (right to sell)
71.5500
2023-03-29
4
P
1
400000
A
Series C Common Stock
400000
400000
D
Call option(obligation to sell)
228.0143
2023-03-29
4
E
1
400000
D
Series C Common Stock
400000
0
D
Put option (right to sell)
145.9291
2023-03-29
4
J
1
400000
D
Series C Common Stock
400000
0
D
On March 29, 2023, the reporting person agreed to amend a "zero-cost collar" arrangement (the "Transaction") previously entered into on September 14, 2021, pursuant to which the exercise prices of the previous European put and call options were amended. Pursuant to the Transaction, the amended options are European call options and European put options over an aggregate of 400,000 shares of Series C Common stock. Only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. The Transaction will be settled in cash unless the reporting person elects physical settlement.
The Transaction is divided into 5 components, each of which are with respect to 80,000 shares of Series C common stock. The components mature on the sequential trading days over the period beginning on August 21, 2028 and ending on August 25, 2028.
Reflects the deemed cancellation of the options entered into in connection with the "zero-cost collar" arrangement on September 14, 2021 referenced in footnote 1.
/s/ Brittany A. Uthoff as Attorney-in-Fact for John C. Malone
2023-03-31