Form Type: 4

SEC EDGAR Link
Accession Number:0001225208-22-008120
Date:2022-06-13
Issuer: LIBERTY BROADBAND CORP (LBRDA)
Original Submission Date:

Reporting Person:

MALONE JOHN C
12300 LIBERTY BLVD.
ENGLEWOOD, CO 80112

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
SERIES B COMMON STOCK 2022-06-13 D 215,647 d $0.00 1,940,726 direct
SERIES C COMMON STOCK 2022-06-13 A 215,647 a $0.00 4,864,391 direct
SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK 2022-06-14 S 10 d $25.87 0 direct
SERIES B COMMON STOCK 2022-06-13 0 $0.00 122,649 indirect
SERIES B COMMON STOCK 2022-06-13 0 $0.00 57,641 indirect
SERIES C COMMON STOCK 2022-06-13 0 $0.00 357,106 indirect
SERIES C COMMON STOCK 2022-06-13 0 $0.00 213,332 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 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.
f2 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.
f3 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.

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