UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.04. Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans.
On January 30, 2023, Liberty Media Corporation (the “Company” or “we”) delivered to its executive officers and directors (collectively, the “Covered Persons”) a notice under Rule 104(b)(2)(i) of Regulation BTR, pursuant to which the Company has imposed a “blackout” period in accordance with Section 306(a) of the Sarbanes-Oxley Act of 2002 (“SOX”) and Regulation BTR promulgated by the Securities and Exchange Commission.
Because a blackout period has been imposed under the Liberty Media 401(k) Savings Plan (the “Plan”), beginning on March 6, 2023 at 4:00 p.m., ET, and ending on or about March 13, 2023, we are imposing a SOX blackout period beginning on March 6, 2023 at 4:00 p.m., ET, and ending on or about March 13, 2023. We will advise the Covered Persons when the SOX blackout period ends, if earlier or later than the specified date and time. The blackout period under the Plan is needed in connection with the removal of the Company’s Series C Liberty Braves common stock (“BATRK”), Series C Liberty Formula One common stock (“FWONK”) and Series C Liberty SiriusXM common stock (“LSXMK”) as investment options under the Plan and liquidation of the BATRK, FWONK and LSXMK shares held in the Plan.
While the SOX blackout period is in effect, the Covered Persons (and their immediate family members who share their residence) are prohibited from, directly or indirectly, engaging in any purchase, sale, transfer, acquisition, or disposition of any equity securities of the Company relating to BATRK, FWONK and LSXMK, including any options or other derivative securities with respect to any of these stocks, subject to limited exclusions and exemptions.
The Company received notice of the Plan blackouts required by the Employment Retirement Income Security Act of 1974 on January 30, 2023, and provided the SOX blackout notice to the Covered Persons on the same day.
If the Covered Persons have any questions pertaining to the notice or the SOX blackout period, they were directed to contact Kate Jewell or Brittany Uthoff in the Legal Department of the Company by telephone at 720-875-5400 or by mail at 12300 Liberty Boulevard, Englewood, CO 80112.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 30, 2023
LIBERTY MEDIA CORPORATION | ||
By: | /s/ Katherine C. Jewell | |
Name: Katherine C. Jewell | ||
Title: Vice President | ||
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