Sec Form 4 Filing - BERKSHIRE HATHAWAY INC @ Liberty Media Corp - 2017-04-20

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
BERKSHIRE HATHAWAY INC
2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ LSXMK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
3555 FARNAM STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/20/2017
(Street)
OMAHA, NE68131
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Series C Liberty SiriusXM Common Stock 04/20/2017 P 265,434 A $ 38.7043 ( 1 ) 23,622,543 I See footnotes 2 and 3. ( 2 ) ( 3 )
Series C Liberty SiriusXM Common Stock 04/20/2017 P 85,055 A $ 39.0904 ( 4 ) 23,707,598 I See footnotes 2 and 3. ( 2 ) ( 3 )
Series C Liberty SiriusXM Common Stock 04/21/2017 P 1,225,000 A $ 39.6097 ( 5 ) 24,932,598 I See footnotes 2 and 3. ( 2 ) ( 3 )
Series C Liberty SiriusXM Common Stock 04/24/2017 P 1,010,688 A $ 39.9065 ( 6 ) 25,943,286 I See footnotes 2 and 3. ( 2 ) ( 3 )
Series C Liberty SiriusXM Common Stock 04/24/2017 P 1,288,834 A $ 40.62 ( 7 ) 27,232,120 I See footnotes 2 and 3. ( 2 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BERKSHIRE HATHAWAY INC
3555 FARNAM STREET
OMAHA, NE68131
X
BUFFETT WARREN E
3555 FARNAM STREET
OMAHA, NE68131
X
Signatures
/s/ Berkshire Hathaway Inc., by Marc D. Hamburg 04/24/2017
Signature of Reporting Person Date
/s/ Warren E. Buffett 04/24/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.055 to $39.05. The Reporting Persons undertake to provide Liberty Media Corp ("Liberty"), any security holder of Liberty, 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 footnotes 1 and 4 through 7 to this Form 4.
( 2 )20,079,093 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): Government Employees Insurance Company (14,920,260), GEICO Advantage Insurance Company (630,000), GEICO Indemnity Company (3,809,650), National Fire & Marine Insurance Company (508,654), and National Indemnity Company (210,529). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed presently to both beneficially own and have a pecuniary interest in all such shares presently owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, such shares presently owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
( 3 )7,153,027 of the total reported shares of Series C Liberty SiriusXM Common Stock are owned by the following pension plans of Berkshire's subsidiaries: Benjamin Moore & Company Revised Retirement Income Plan (41,500), Berkshire Hathaway Consolidated Pension Plan (1,090,000), BNSF Master Retirement Trust (1,717,332), Buffalo News Editorial Pension Plan (133,500), Buffalo News Office Pension Plan (65,000), GEICO Corporation Pension Plan Trust (975,000), General Re Corp. Employee Retirement Trust (584,206), Johns Manville Corporation Master Pension Trust (750,000), Lubrizol Corp Master Trust Pension (150,000), and Precision Castparts Corp. Master Trust (1,646,489). Each of Berkshire, Mr. Buffett and these pension plans disclaims beneficial ownership in such shares.
( 4 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.055 to $39.15.
( 5 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $38.94 to $39.90.
( 6 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $39.47 to $40.465.
( 7 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.47 to $40.90.

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