Sec Form 4 Filing - MALONE JOHN C @ Liberty Media Corp - 2020-11-18

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
MALONE JOHN C
2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ LSXMA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last) (First) (Middle)
12300 LIBERTY BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
11/18/2020
(Street)
ENGLEWOOD, CO80112
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 Braves Common Stock 11/18/2020 S 18,351 D $ 24.5838 ( 1 ) 2,690,156 ( 2 ) D
Series C Liberty Formula One Common Stock 11/18/2020 S 1,200 D $ 42.9521 ( 3 ) 4,200,041 ( 4 ) D
Series C Liberty Formula One Common Stock 11/18/2020 S 37,638 D $ 42.5198 ( 5 ) 4,162,403 D
Series C Liberty SiriusXM Common Stock 11/18/2020 S 129,399 D $ 43.1472 ( 6 ) 14,272,067 D
Series C Liberty Braves Common Stock 11/19/2020 S 22,998 D $ 24.6357 ( 7 ) 2,667,158 D
Series C Liberty Braves Common Stock 11/19/2020 S 25,867 D $ 23.927 ( 8 ) 2,641,291 D
Series C Liberty Formula One Common Stock 11/19/2020 S 3,010 D $ 41.6344 ( 9 ) 4,159,393 D
Series C Liberty Formula One Common Stock 11/19/2020 S 52,614 D $ 41.1084 ( 10 ) 4,106,779 D
Series C Liberty SiriusXM Common Stock 11/19/2020 S 3,577 D $ 43.2624 ( 11 ) 14,268,490 D
Series C Liberty SiriusXM Common Stock 11/19/2020 S 54,930 D $ 42.9791 ( 12 ) 14,213,560 D
Series C Liberty Braves Common Stock 11 ( 13 ) I By 401(k) Savings Plan
Series C Liberty Formula One Common Stock 21 ( 13 ) I By 401(k) Savings Plan
Series C Liberty SiriusXM Common Stock 129 ( 13 ) I By 401(k) Savings Plan
Series C Liberty SiriusXM Common Stock 575,000 I John C. Malone 1997 Charitable Remainder Unitrust
Series C Liberty Braves Common Stock 167,293 I John C. Malone June 2003 Charitable Remainder Unitrust
Series C Liberty Formula One Common Stock 245,298 I John C. Malone June 2003 Charitable Remainder Unitrust
Series C Liberty SiriusXM Common Stock 839,890 I John C. Malone June 2003 Charitable Remainder Unitrust
Series C Liberty Braves Common Stock 113,329 I Leslie A. Malone 1995 Revocable Trust ( 14 )
Series C Liberty Formula One Common Stock 166,171 I Leslie A. Malone 1995 Revocable Trust ( 15 )
Series C Liberty SiriusXM Common Stock 832,420 I Leslie A. Malone 1995 Revocable Trust ( 16 )
Series C Liberty SiriusXM Common Stock 575,000 I Malone Starz 2015 Charitable Remainder Trust
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
MALONE JOHN C
12300 LIBERTY BOULEVARD
ENGLEWOOD, CO80112
X X Chairman of the Board
Signatures
/s/ Craig Troyer as Attorney-in-Fact for John C. Malone 11/20/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $24.030 to $24.930, 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.
( 2 )This balance was increased by 80 shares from the Form 4 filed by the reporting person on October 4, 2017 as a result of distributions from the reporting person's 401(k) plan.
( 3 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $42.900 to $43.010, 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.
( 4 )This balance was increased by 186 shares from the Form 4 filed by the reporting person on April 22, 2016 as a result of distributions from the reporting person's 401(k) plan.
( 5 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $41.890 to $42.885, 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.
( 6 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $42.730 to $43.615, 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.
( 7 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $24.520 to $24.730, 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.
( 8 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $23.520 to $24.510, 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.
( 9 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $41.550 to $41.870, 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.
( 10 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $40.550 to $41.540, 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.
( 11 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $43.220 to $43.380, 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.
( 12 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $42.220 to $43.210, 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.
( 13 )The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of October 31, 2020.
( 14 )Includes 113,329 shares of the Issuer's Series C Liberty Braves common stock that were previously reported as indirectly held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
( 15 )Includes 166,171 shares of the Issuer's Series C Liberty Formula One common stock that were previously reported as indirectly held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.
( 16 )Includes 832,420 shares of the Issuer's Series C Liberty SiriusXM common stock that were previously reported as indirectly held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these shares.

Remarks:
These sales were effected by the reporting person in connection with a structured tax planning process.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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