VADON MARK C 4
4 · Liberty Interactive Corp · Filed Mar 13, 2018
Insider Transaction Report
Form 4
VADON MARK C
Director
Transactions
- Other
Stock Option (right to buy) - LVNTA
2018-03-09−2,320→ 0 totalExercise: $56.96From: 2018-12-12Exp: 2024-12-12→ Series A Liberty Ventures Common Stock (2,320 underlying) - Other
Series A Liberty Ventures Common Stock
2018-03-09−195,242→ 0 total - Other
Series A Liberty Ventures Common Stock
2018-03-09−297,261→ 0 total(indirect: By LLC)
Footnotes (3)
- [F1]On March 9, 2018, Liberty Interactive Corporation (the "Issuer") redeemed (the "Redemption") each share of its Liberty Ventures common stock for shares of common stock of GCI Liberty, Inc. ("GCI Liberty"). In the Redemption, the Issuer redeemed (i) each outstanding share of its Series A Liberty Ventures common stock for one share of GCI Liberty's Class A common stock and (ii) each outstanding share of its Series B Liberty Ventures common stock for one share of GCI Liberty's Class B common stock. Such transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
- [F2]The reporting person is the manager of Lake Tana LLC and has sole voting and investment power with respect to the shares held by Lake Tana LLC.
- [F3]In connection with the completion of the Redemption, all option awards held by the reporting person with respect to the Issuer's Liberty Ventures common stock (each, a "Ventures Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the option awards were granted, such that each Ventures Award was exchanged for an option to purchase an equivalent number of shares of the corresponding class of GCI Liberty 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.