ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

GLIBA GCI Liberty Inc

91.73
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
GCI Liberty Inc NASDAQ:GLIBA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 91.73 82.46 95.98 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

22/12/2020 9:52pm

Edgar (US Regulatory)


FORM 4 [X] 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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DUNCAN RONALD A
2. Issuer Name and Ticker or Trading Symbol

GRIZZLY MERGER SUB 1, LLC [ 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/YYYY)

12/18/2020
(Street)

ENGLEWOOD, CO 80112
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 12/18/2020  D  618484.0000 (1)D$0 (2)0.0000 D  
Series A Cumulative Redeemable Preferred Stock 12/18/2020  D  351738.0000 (3)D$0 (4)0.0000 D  
Series A Common Stock 12/18/2020  D  151206.0000 D$0 (2)0.0000 I By 560 Company, Inc. 
Series A Cumulative Redeemable Preferred Stock 12/18/2020  D  99322.0000 D$0 (4)0.0000 I By 560 Company, Inc. 
Series A Common Stock 12/18/2020  D  100000.0000 D$0 (2)0.0000 I By GRAT - Ron Duncan 2017 
Series A Common Stock 12/18/2020  D  12600.0000 D$0 (2)0.0000 I By Missy, LLC (5)
Series A Cumulative Redeemable Preferred Stock 12/18/2020  D  4000.0000 D$0 (4)0.0000 I By Missy, LLC (5)
Series A Common Stock 12/18/2020  D  46828.0000 D$0 (2)0.0000 I By Spouse (6)
Series A Cumulative Redeemable Preferred Stock 12/18/2020  D  18041.0000 D$0 (4)0.0000 I By Spouse (6)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units - GLIBA  (7)12/18/2020  D     56134.0000  1/5/2023 1/5/2023 Series A Common Stock 56134.0000 $0.0000 (8)0.0000 D  

Explanation of Responses:
(1) Includes 3,420 shares of Series A common stock previously reported as indirectly held by the reporting person's 401(k) Savings Plan.
(2) Pursuant to the terms of the Merger Agreement (as defined in the Remarks section), each share of the Issuer's Series A common stock was converted into the right to receive 0.580 of a share of Parent's (as defined in the Remarks section) Series C common stock.
(3) Includes distributions to the reporting person of: (a) 13,564 shares of Series A Cumulative Redeemable Preferred Stock previously reported as indirectly held by the grantor retained annuity trust; and (b) 581 shares of Series A Cumulative Redeemable Preferred Stock previously reported as indirectly held by the reporting person's 401(k) Savings Plan.
(4) Pursuant to the terms of the Merger Agreement, each share of the Issuer's Series A Cumulative Redeemable Preferred Stock was converted into the right to receive 1 share of Parent's newly issued Series A Cumulative Redeemable Preferred Stock.
(5) A limited liability company, of which the reporting person is the managing and sole member, has a 25% ownership interest in Missy, LLC; his spouse has a 25% ownership interest in Missy, LLC; and his 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.
(6) The reporting person disclaims beneficial ownership of these shares owned by his spouse.
(7) Each restricted stock unit represents a contingent right to receive one share of Series A Common Stock.
(8) Pursuant to the terms of the Merger Agreement, each outstanding award of restricted stock units ("RSUs") with respect to the Issuer's Series A common stock (an "Original RSU") was converted into an award of RSUs with respect to Parent's Series C common stock equal to the number of shares underlying such Original RSU multiplied by 0.580, rounded down to the nearest whole RSU. The RSUs with respect to Parent's Series C common stock are subject to the same vesting, terms, restrictions and other conditions as those applicable to the corresponding Original RSU.

Remarks:
Pursuant to the Agreement and Plan of Merger, dated August 6, 2020 (the "Merger Agreement"), by and among the Issuer, Liberty Broadband Corporation ("Parent"), Grizzly Merger Sub 1, LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent ("Merger LLC"), and Grizzly Merger Sub 2, Inc., a Delaware corporation and a wholly owned subsidiary of Merger LLC ("Merger Sub"), on December 18, 2020, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Merger LLC, and immediately following the Merger, the Issuer (as the surviving corporation in the Merger) merged with and into Merger LLC (the "Upstream Merger"), with Merger LLC surviving the Upstream Merger as a wholly owned subsidiary of Parent.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
DUNCAN RONALD A
12300 LIBERTY BOULEVARD
ENGLEWOOD, CO 80112
X



Signatures
/s/ Craig Troyer as Attorney-in-Fact for Ronald A. Duncan12/22/2020
**Signature of Reporting PersonDate

1 Year GCI Liberty Chart

1 Year GCI Liberty Chart

1 Month GCI Liberty Chart

1 Month GCI Liberty Chart

Your Recent History

Delayed Upgrade Clock