The Liberty Braves Group Form 4 Liberty Media / JOHN C MALONE ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MALONE JOHN C

(Last)

(First)

(Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

	/s/ Craig Troyer as Attorney-in-Fact for John C. Malone	11/20/2020
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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The Liberty Braves Group (BATRA) Form 4Liberty Media / JOHN C MALONE ownership change