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Filing Details

Accession Number:: 0001567619-20-011797
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-06-05 16:05:28
Reporting Period:: 2020-06-03

Accepted Time:: 2020-06-05 16:05:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1560385	Liberty Media Corp	FWONA	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1119365	J Quincy Lee	500 West 5Th Street Suite 1110 Austin TX 78701	No	No	Yes	No
1426749	Ancient Art, L.p.	500 West 5Th Street Ste 1110 Austin TX 78701	No	No	Yes	No
1502493	Trango Ii, L.l.c.	500 West 5Th Street Suite 1110 Austin TX 78701	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Series A Liberty Formula One Common Stock	Disposition	2020-06-03	7,304	$35.69	2,586,124	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.69 to $35.71, inclusive. The reporting persons undertake to provide to Liberty Media Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The filing of this Form 4 shall not be construed as an admission that Ancient Art, L.P. ("Ancient Art"), Trango II, L.L.C. (Trango"), the general partner of Ancient Art, and Quincy J. Lee, the principal of Trango, 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 Series A Liberty Formula One Common Stock, par value $0.01 per share (the "Common Stock"), of the Issuer purchased by Teton Capital Partners, L.P. (the "Fund"). Pursuant to Rule 16a-1, Ancient Art, Trango and Mr. Lee disclaim such beneficial ownership except to the extent of its or his respective pecuniary interest therein.
The Fund, for which Ancient Art is the investment manager, holds 2,586,124 shares of Common Stock of the Issuer. Trango is the general partner of Ancient Art. Quincy J. Lee reports the Common Stock held indirectly by Ancient Art and Trango because, as the principal of Trango at the time of purchase, he controlled the disposition and voting of the securities.