Sec Form 4 Filing - DUNCAN RONALD A @ GCI LIBERTY, INC. - 2020-03-23

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
DUNCAN RONALD A
2. Issuer Name and Ticker or Trading Symbol
GCI LIBERTY, INC. [ GLIBA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
12300 LIBERTY BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
03/23/2020
(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 A Common Stock 03/23/2020 S 1,893 D $ 42.8545 ( 1 ) 765,325 D
Series A Common Stock 03/23/2020 S 2,748 D $ 43.4005 ( 2 ) 762,577 D
Series A Common Stock 03/23/2020 S 247 D $ 43.244 ( 3 ) 188,683 I By GRAT - Ron Duncan 2017
Series A Common Stock 03/23/2020 S 6,102 D $ 42.4334 ( 4 ) 182,581 I By GRAT - Ron Duncan 2017
Series A Common Stock 03/23/2020 S 6,621 D $ 41.4196 ( 5 ) 175,960 I By GRAT - Ron Duncan 2017
Series A Common Stock 03/23/2020 S 7,030 D $ 40.4 ( 6 ) 168,930 I By GRAT - Ron Duncan 2017
Series A Common Stock 3,151 ( 7 ) I By 401(k) Savings Plan
Series A Common Stock 191,517 I By 560 Company, Inc.
Series A Common Stock 12,600 I By Missy, LLC ( 8 )
Series A Common Stock 56,828 I By Spouse ( 9 )
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
DUNCAN RONALD A
12300 LIBERTY BOULEVARD
ENGLEWOOD, CO80112
X
Signatures
/s/ Craig Troyer as Attorney-in-Fact for Ronald A. Duncan 03/25/2020
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 $42.190 to $43.185, 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 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $43.200 to $43.650, 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 $43.240 to $43.250, 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 price is a weighted average price. These shares were sold in multiple transactions ranging from $42.080 to $42.950, 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.
( 5 )The price is a weighted average price. These shares were sold in multiple transactions ranging from $41.050 to $42.040, 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 $40.050 to $41.040, 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 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 February 29, 2020.
( 8 )The reporting person has a 25% ownership interest in Missy, LLC; his spouse has a 25% ownership interest in Missy, LLC; and the reporting person's adult daughter holds the remaining 50% ownership interest in Missy, LLC. Accordingly, the reporting person may be deemed to be the indirect beneficial owner of certain of the Issuer's securities owned by Missy, LLC. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
( 9 )The reporting person disclaims beneficial ownership of these shares owned by his spouse.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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