SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 2)

 

 

LIBERTY MEDIA CORPORATION

(Name of Issuer)

CLASS A COMMON STOCK

(Title of Class of Securities)

530322106

(CUSIP Number)

December 31, 2013

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1 (b)

x Rule 13d-1 (c)

¨ Rule 13d-1 (d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 


13G

 

CUSIP No. 530322106   Page 2 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

Warren E. Buffett

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    United States Citizen

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    5,300,000

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    5,300,000

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    5,300,000

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not Applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    5.1%

   
12  

TYPE OF REPORTING PERSON

 

    IN

   

 


13G

 

CUSIP No. 530322106   Page 3 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Inc.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Delaware

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    5,300,000

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    5,300,000

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    5,300,000

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    5.1%

   
12  

TYPE OF REPORTING PERSON

 

    HC, CO

   

 


13G

 

CUSIP No. 530322106   Page 4 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

National Indemnity Company

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Nebraska

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    2,677,660

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    2,677,660

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,677,660

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    2.6%

   
12  

TYPE OF REPORTING PERSON

 

    IC, CO

   

 


13G

 

CUSIP No. 530322106   Page 5 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

GEICO Corporation

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Delaware

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    2,677,660

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    2,677,660

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,677,660

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    2.6%

   
12  

TYPE OF REPORTING PERSON

 

    HC, CO

   

 


13G

 

CUSIP No. 530322106   Page 6 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

Government Employees Insurance Company

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Maryland

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    2,677,660

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    2,677,660

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,677,660

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    2.6%

   
12  

TYPE OF REPORTING PERSON

 

    IC, CO

   

 


13G

 

CUSIP No. 530322106   Page 7 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

FlightSafety International Inc. Retirement Income Plan

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of New York

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    270,000

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    270,000

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    270,000

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.3%

   
12  

TYPE OF REPORTING PERSON

 

    EP

   

 


13G

 

CUSIP No. 530322106   Page 8 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

Fruit of the Loom Pension Trust

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Kentucky

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    439,000

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    439,000

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    439,000

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.4%

   
12  

TYPE OF REPORTING PERSON

 

    EP

   

 


13G

 

CUSIP No. 530322106   Page 9 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

GEICO Corporation Pension Plan Trust

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Maryland

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    975,000

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    975,000

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    975,000

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.9%

   
12  

TYPE OF REPORTING PERSON

 

    EP

   

 


13G

 

CUSIP No. 530322106   Page 10 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

Johns Manville Corporation Master Pension Trust

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Colorado

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    816,000

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    816,000

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    816,000

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.8%

   
12  

TYPE OF REPORTING PERSON

 

     EP

   

 


13G

 

CUSIP No. 530322106   Page 11 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

BNSF Master Retirement Trust

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    State of Texas

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    NONE

   
   6   

SHARED VOTING POWER

 

    122,340

   
   7   

SOLE DISPOSITIVE POWER

 

    NONE

   
   8   

SHARED DISPOSITIVE POWER

 

    122,340

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    122,340

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.1%

   
12  

TYPE OF REPORTING PERSON

 

    EP

   

 


13G

 

CUSIP No. 530322106   Page 12 of 16 Pages

 

  1   

NAME OF REPORTING PERSON

 

R. Ted Weschler

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  x        (b)  ¨

 

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    United States Citizen

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

   5       

SOLE VOTING POWER

 

    285,834

   
   6   

SHARED VOTING POWER

 

    0

   
   7   

SOLE DISPOSITIVE POWER

 

    285,834

   
   8   

SHARED DISPOSITIVE POWER

 

    8,277

   
  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    294,111

   
10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

    Not Applicable.

   
11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

    0.3%

   
12  

TYPE OF REPORTING PERSON

 

    IN

   

 


Page 13 of 16 Pages

 

SCHEDULE 13G

Item 1.

 

  (a) Name of Issuer

LIBERTY MEDIA CORPORATION

 

  (b) Address of Issuer’s Principal Executive Offices

12300 Liberty Boulevard, Englewood, CO 80112

Item 2(a). Name of Person Filing:

Item 2(b). Address of Principal Business Office:

Item 2(c). Citizenship:

 

Warren E. Buffett

3555 Farnam Street

Omaha, Nebraska 68131

United States Citizen

 

Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, Nebraska 68131

Delaware corporation

National Indemnity Company

3024 Harney Street

Omaha, Nebraska 68131

Nebraska corporation

 

GEICO Corporation

One GEICO Plaza

Washington, DC 20076

Delaware Corporation

Government Employees Insurance Company

One GEICO Plaza

Washington, DC 20076

Maryland Corporation

 

FlightSafety International Inc. Retirement Income Plan

c/o FlightSafety International Inc.

LaGuardia Airport

Flushing, NY 11371

New York

 

Fruit of the Loom Pension Trust

c/o Fruit of the Loom

1 Fruit of the Loom Drive

Bowling Green, KY 42102

Kentucky

GEICO Corporation Pension Plan Trust

c/o GEICO Corporation

1 Geico Plaza

Washington, DC 20076

Maryland

 

Johns Manville Corporation Master Pension Trust

c/o Johns Manville Corporation

717 17th Street

Denver, CO 80202

Colorado

BNSF Master Retirement Trust

c/o BNSF Railway

2650 Lou Menk Drive

Fort Worth, TX 76131

Texas

 

R. Ted Weschler

404 East Main Street

Charlottesville, VA 22902

United States Citizen


Page 14 of 16 Pages

 

  (d) Title of Class of Securities

Class A Common Stock

 

  (e) CUSIP Number

530322106

Item 3. If this statement is filed pursuant to § 240.13d-1(b), or § 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.), Berkshire Hathaway Inc. and GEICO Corporation are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company and Government Employees Insurance Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

BNSF Master Retirement Trust, FlightSafety International Inc. Retirement Income Plan, Fruit of the Loom Pension Trust, GEICO Corporation Pension Plan Trust and Johns Manville Corporation Master Pension Trust are each an Employee Benefit Plan in accordance with § 240.13d-1(b)(1)(ii)(F).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially Owned

See the Cover Pages for each of the Reporting Persons.

 

  (b) Percent of Class

See the Cover Pages for each of the Reporting Persons.

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

 

  (ii) shared power to vote or to direct the vote

 

  (iii) sole power to dispose or to direct the disposition of

 

  (iv) shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons.

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

Item 8. Identification and Classification of Members of the Group.

See Exhibit A.

Item 9. Notice of Dissolution of Group.

Not Applicable.


Page 15 of 16 Pages

 

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


Page 16 of 16 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 14th day of February, 2014

 

/s/ Warren E. Buffett
Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:   /s/ Warren E. Buffett
  Warren E. Buffett
  Chairman of the Board

NATIONAL INDEMNITY COMPANY, GEICO

CORPORATION, GOVERNMENT EMPLOYEES INSURANCE COMPANY, FLIGHTSAFETY INTERNATIONAL INC. RETIREMENT INCOME PLAN, FRUIT OF THE LOOM PENSION TRUST, GEICO CORPORATION PENSION PLAN TRUST, JOHNS MANVILLE CORPORATION MASTER PENSION TRUST and BNSF MASTER RETIREMENT TRUST.

By:   /s/ Warren E. Buffett
 

Warren E. Buffett

Attorney-in-Fact

By:   /s/ R. Ted Weschler
  R. Ted Weschler


SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

GEICO Corporation

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

Government Employees Insurance Company

EMPLOYEE BENEFIT PLANS IN ACCORDANCE WITH § 240.13d-1-(b)(1)(ii)(F)

BNSF Master Retirement Trust

FlightSafety International Inc. Retirement Income Plan

Fruit of the Loom Pension Trust

GEICO Corporation Pension Plan Trust

Johns Manville Corporation Master Pension Trust

OTHER MEMBER OF FILING GROUP

R. Ted Weschler


SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Class A Common Stock of Liberty Media Corporation may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

 

Dated: February 14, 2014    

/S/ Warren E. Buffett

    Warren E. Buffett
    Berkshire Hathaway Inc.
Dated: February 14, 2014    

/S/ Warren E. Buffett

    By:   Warren E. Buffett
    Title:   Chairman of the Board
    National Indemnity Company
Dated: February 14, 2014    

/S/ Marc D. Hamburg

    By:   Marc D. Hamburg
    Title:   Chairman of the Board
    GEICO Corporation
Dated: February 14, 2014    

/S/ Michael H. Campbell

    By:   Michael H. Campbell
    Title:   Vice President
    Government Employees Insurance Company
Dated: February 14, 2014    

/S/ Michael H. Campbell

    By:   Michael H. Campbell
    Title:   Senior Vice President
    FlightSafety International Inc. Retirement Income Plan
Dated: February 14, 2014    

/S/ Bruce Whitman

    By:   Bruce Whitman
    Title:   President and Chief Executive Officer,
    FlightSafety International, Inc.
    Fruit of the Loom Pension Trust


Dated: February 14, 2014

 

/S/ Rick Medlin

  By:   Rick Medlin
  Title:   President and Chief Executive Officer, Fruit of the Loom
  GEICO Corporation Pension Plan Trust

Dated: February 14, 2014

 

/S/ Michael H. Campbell

  By:   Michael H. Campbell
  Title:   Senior Vice President, GEICO Corporation
  Johns Manville Corporation Master Pension Plan

Dated: February 14, 2014

 

/S/ Mary Rhinehart

  By:   Mary Rhinehart
  Title:   President and Chief Executive Officer
  Johns Manville Corporation
  BNSF Master Retirement Trust

Dated: February 14, 2014

 

/S/ Julie Piggott

  By:   Julie Piggott
  Title:   Vice President, Burlington Northern Santa Fe, LLC

Dated: February 14, 2014

 

/s/ R. Ted Weschler

  R. Ted Weschler