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Filing Details

Accession Number:: 0001225208-22-009276
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-04 17:07:27
Reporting Period:: 2021-02-23

Accepted Time:: 2022-08-04 17:07:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1611983	Liberty Broadband Corp	LBRDA	Cable & Other Pay Television Services (4841)	471211994

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1685035	D. Julie Frist	12300 Liberty Blvd. Englewood CO 80112		Yes	No	No	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 Common Stock	Acquisiton	2021-02-23	85	$143.48	85	No	4	P	Indirect	By Trusts
Series C Common Stock	Acquisiton	2021-02-23	500	$146.87	500	No	4	P	Indirect	By Trusts
Series C Common Stock	Disposition	2022-01-27	500	$139.39	0	No	4	S	Indirect	By Trusts
Series A Common Stock	Disposition	2022-03-03	85	$134.81	0	No	4	S	Indirect	By Trusts
Series C Common Stock	Acquisiton	2022-03-03	45	$137.77	45	No	4	P	Indirect	By Trusts
Series A Common Stock	Acquisiton	2022-04-06	85	$134.56	85	No	4	P	Indirect	By Trusts
Series C Common Stock	Acquisiton	2022-04-06	405	$139.17	450	No	4	P	Indirect	By Trusts

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Trusts
No	4	P	Indirect	By Trusts
No	4	S	Indirect	By Trusts
No	4	S	Indirect	By Trusts
No	4	P	Indirect	By Trusts
No	4	P	Indirect	By Trusts
No	4	P	Indirect	By Trusts

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Series C Common Stock	3,374	Indirect	By Annabel D. Frist 2003 Trust
Series C Common Stock	20,836	Indirect	By Annabel D. Frist 2021 FCT
Series C Common Stock	3,299	Indirect	By Caroline M. Frist 2001 Trust
Series C Common Stock	20,843	Indirect	By Caroline M. Frist 2021 FCT
Series C Common Stock	574	Indirect	By John M. Damgard 2012 Trust
Series C Common Stock	558	Indirect	By Lily M. Damgard 2012 Trust
Series C Common Stock	601,507	Indirect	By Spouse
Series C Common Stock	574	Indirect	By Theodor D. Damgard 2012 Trust
Series C Common Stock	466,472	Indirect	By Thomas F. Frist III 2007 Family Trust
Series C Common Stock	4,924	Indirect	By Thomas F. Frist III 2011 Family Trust
Series C Common Stock	3,434	Indirect	By Thomas F. Frist IV 2005 Trust
Series C Common Stock	20,861	Indirect	By Thomas F. Frist IV 2021 FCT

Footnotes

These transactions were by a managed account under the trading discretion of an investment manager (the "Managed Account"). Three trusts (the "Trusts") for the benefit of members of the reporting person's immediate family collectively have a one-third interest in the Managed Account. The reporting person's spouse was appointed as the successor trustee of the Trusts. Following the transactions reported on this Form 4, the Managed Account holds an aggregate of 85 shares of the Issuer's Series A Common Stock and an aggregate of 450 shares of the Issuer's Series C Common Stock. The reporting person disclaims beneficial ownership of the securities held by the Trusts and the Managed Account except to the extent of her pecuniary interest therein.
The sale of 500 shares of the Issuer's Series C Common Stock by the Managed Account reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), to the extent of 450 shares of Series C Common Stock, with the purchases of 45 shares and 405 shares, in each case, of the Issuer's Series C Common Stock by the Managed Account reported herein. The reporting person has paid to the Issuer $51.94, representing the full amount of the profit realized from the Trusts' one-third interest in the Managed Account in connection with the short-swing transactions, less transaction costs.
The sale of 85 shares of the Issuer's Series A Common Stock by the Managed Account reported herein was matchable under Section 16(b) of the Exchange Act with the purchase of 85 shares of the Issuer's Series A Common Stock by the Managed Account reported herein. The reporting person has paid to the Issuer $6.77, representing the full amount of the profit realized from the Trusts' one-third interest in the Managed Account in connection with the short-swing transaction, less transaction costs.
The reporting person is the sister-in-law of the sole trustee and, as the settlor of the trust, also retains a power of substitution with respect to the assets held by the trust. The reporting person, therefore, may be deemed to have shared dispositive power over the securities held by the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.
Represents shares previously reported as indirectly held by the Annabel D. Frist FCT Trust (the "ADF FCT Trust"). Effective November 12, 2021, the ADF FCT Trust transferred all assets to the Annabel D. Frist 2021 FCT Trust. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
Represents shares previously reported as indirectly held by the Caroline M. Frist FCT Trust (the "CMF FCT Trust"). Effective November 12, 2021, the CMF FCT Trust transferred all assets to the Caroline M. Frist 2021 FCT Trust. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
The reporting person is the sole trustee of the trust and, as the settlor of the trust, also retains a power of substitution with respect to the assets held by the trust. The reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
Includes 497,939 shares of the Issuer's Series C Common Stock previously reported as indirectly held by FS Partners II, LLC (the "LLC"). The reporting person's spouse was the sole member of the LLC, which was subsequently dissolved.
The reporting person disclaims beneficial ownership of these shares owned by her spouse.
The reporting person is the sole trustee of the trust. The beneficiaries of the trust are members of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.
Represents shares previously reported as indirectly held by the Thomas F. Frist IV FCT Trust (the "TFFIV FCT Trust"). Effective November 12, 2021, the TFFIV FCT Trust transferred all assets to the Thomas F. Frist IV 2021 FCT Trust. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.