Home > Insider Trading > Filing (0001225208-22-008120)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1611983	Liberty Broadband Corp	LBRDA	()	CO

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
937797	C John Malone	12300 Liberty Blvd. Englewood CO 80112		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Series B Common Stock	Disposition	2022-06-13	215,647	$0.00	1,940,726	No	4	D	Direct
Series C Common Stock	Acquisiton	2022-06-13	215,647	$0.00	4,864,391	No	4	A	Direct
Series A Cumulative Redeemable Preferred Stock	Disposition	2022-06-14	10	$25.87	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	D	Direct
No	4	A	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Series B Common Stock	122,649	Indirect	John C. Malone June 2003 Charitable Remainder Unitrust
Series B Common Stock	57,641	Indirect	Leslie A. Malone 1995 Revocable Trust
Series C Common Stock	357,106	Indirect	Leslie A. Malone 1995 Revocable Trust
Series C Common Stock	213,332	Indirect	Malone LG 2013 Charitable Remainder Unitrust

Footnotes

Each share of Series B Common Stock is convertible, at the holder's election, into one share of Series A Common Stock, at any time for no consideration other than the surrender of the share of Series B Common Stock for each share of Series A Common Stock.
On June 13, 2022, the Issuer and the reporting person entered into an Exchange Agreement (the "Exchange Agreement"), as previously described in the Issuer's Current Report on Form 8-K filed on June 13, 2022, pursuant to which, among other things, the Issuer agreed that on the terms and subject to the conditions of the Exchange Agreement, the reporting person shall, upon the occurrence of an Accretive Event (as defined in the Exchange Agreement) exchange with the Issuer shares of Series B Common Stock of the Issuer for an equal number of shares of Series C Common Stock of the Issuer (a "Reverse Exchange"). The Exchange Agreement, Reverse Exchange and related transactions were approved by a committee of the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
The price is a weighted average price. These shares were sold in multiple transactions ranging from $25.85 to $25.90, 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.