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