Sec Form 4 Filing - SHEAN CHRISTOPHER W @ Liberty Broadband Corp - 2016-03-29

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 SHEAN CHRISTOPHER W 2. Issuer Name and Ticker or Trading Symbol Liberty Broadband Corp [ LBRDA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 12300 LIBERTY BLVD. 3. Date of Earliest Transaction (MM/DD/YY) 03/29/2016 (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 A Common Stock 03/29/2016 M 12,433 A $ 33.12 28,887 ( 1 ) D Series A Common Stock 03/29/2016 M 336 A $ 33.12 29,223 D Series A Common Stock 03/29/2016 S 8,500 D $ 58.0373 ( 2 ) 20,723 D Series A Common Stock 03/29/2016 F 9,041 D $ 58.05 11,682 D Series C Common Stock 03/29/2016 M 25,125 A $ 33.11 59,918 D Series C Common Stock 03/29/2016 M 679 A $ 33.11 60,597 D Series C Common Stock 03/29/2016 S 16,501 D $ 57.9557 ( 3 ) 44,096 D Series C Common Stock 03/29/2016 F 18,848 D $ 57.94 25,248 D

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 Stock Option - LBRDA (Right to Buy) $ 33.12 ( 4 ) 03/29/2016 M 12,433 ( 4 ) ( 5 ) 03/19/2020 Series A Common Stock 12,433 ( 4 ) $ 0 12,432 D Stock Option - LBRDA (Right to Buy) $ 33.12 ( 4 ) 03/29/2016 M 336 ( 4 ) ( 5 ) 12/17/2016 Series A Common Stock 336 ( 4 ) $ 0 0 D Stock Option - LBRDK (Right to Buy) $ 33.11 ( 4 ) 03/29/2016 M 25,125 ( 4 ) ( 5 ) 03/19/2020 Series C Common Stock 25,125 ( 4 ) $ 0 25,124 D Stock Option - LBRDK (Right to Buy) $ 33.11 ( 4 ) 03/29/2016 M 679 ( 4 ) ( 5 ) 12/17/2016 Series C Common Stock 679 ( 4 ) $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SHEAN CHRISTOPHER W 12300 LIBERTY BLVD. ENGLEWOOD, CO80112 Chief Financial Officer Signatures /s/ Craig Troyer as Attorney-in-Fact for Christopher W. Shean 03/31/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 16,454 shares acquired in a pro rata distribution by Liberty Media Corporation ("Liberty") on November 4, 2014 in connection with the spin-off of the Issuer (formerly a wholly-owned subsidiary of Liberty) from Liberty (the "spin-off"). ( 2 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $58.020 to $58.059, 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. ( 3 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $57.918 to $57.980, 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 )The spin-off was effected by the distribution to each holder of Liberty's common stock of shares of the corresponding series of the Issuer's common stock. In connection with the completion of the spin-off, all equity awards held by the reporting person with respect to Liberty's common stock (each an "Original LMC Award") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the equity awards were granted, such that the reporting person received (i) an adjustment to the exercise price or base price, as applicable, and number of shares relating to the Original LMC Award and (ii) an equity award relating to shares of the corresponding series of the Issuer's common stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended. ( 5 )The derivative security is fully vested.

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