Grizzly Merger Sub 1 (GLIBP) Form 4 GENERAL COMMUNICATION / Tina Pidgeon 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^*

Pidgeon Tina

(Last) (First) (Middle)

2550 DENALI STREET

SUITE 1000

(Street)

ANCHORAGE AK 99503

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENERAL COMMUNICATION INC [ GNCMA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Gen Coun,Chief Comp Off, SVP

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2016

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/21/2017		X		8,200	D	$20	187,779	D
Class A Common Stock	07/21/2017		X		2,500	D	$22.5	185,279	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 (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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Call Options (obligation to sell)	$20	12/30/2016		S			10	12/30/2016	07/21/2017	Class A Common Stock	1,000	$126.47	10	D
Call Options (obligation to sell)	$20	12/30/2016		S			22	12/30/2016	07/21/2017	Class A Common Stock	2,200	$124.1(1)	32	D
Call Options (obligation to sell)	$22.5	01/13/2017		S			25	01/13/2017	07/21/2017	Class A Common Stock	2,500	$90.79	25	D
Call Options (obligation to sell)	$20	01/17/2017		S			50	01/17/2017	07/21/2017	Class A Common Stock	5,000	$184.89(2)	50	D
Call Options (obligation to sell)	$20	07/21/2017		X		82		12/30/2016(3)	07/21/2017	Class A Common Stock	8,200	$20	0	D
Call Options (obligation to sell)	$22.5	07/21/2017		X		25		01/13/2017	07/21/2017	Class A Common Stock	2,500	$22.5	0	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $124.00 to $124.40; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Issuer, or a security holder of the Issuer.

2. This transaction was executed in multiple trades at prices ranging from $184.52 to $185.00; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the Issuer, or a security holder of the Issuer.

3. Options became exercisable on various dates following their sale.

Remarks:

	/s/ Tina Pidgeon	07/24/2017
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.