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*
DUNCAN RONALD A

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
06/08/2012
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 06/11/2012 P 38,000 A $7.16 1,011,088 D
Class A Common Stock 06/08/2012 P 3,619 A $6.88 3,750 I by Missy, LLC/Spouse (1)
Class A Common Stock 06/08/2012 P 3,619 A $6.88 3,750 I by Missy, LLC/Trust/Daughter (2)
Class A Common Stock 06/08/2012 P 4,069 A $6.97 39,629 I by Daughter (3)
Class A Common Stock 06/11/2012 P 1,510 A $6.96 41,139 I by Daughter (3)
Class A Common Stock 06/12/2012 P 4,421 A $7.25 45,560 I by Daughter (3)
Class A Common Stock 06/08/2012 P 3,619 A $6.88 3,750 I by Missy, LLC (4)
Class A Common Stock 06/08/2012 P 7,500 A $6.86 7,500 I by Daughter (5)
Class A Common Stock 30,660 I by Spouse (6)
Class A Common Stock 157,397 I by Trust (7)
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
Explanation of Responses:
1. Shares owned by Missy, LLC. Mr. Duncan's spouse has a 25% ownership interest in Missy, LLC. Mr. Duncan disclaims beneficial ownership of the shares owned indirectly by his spouse through Missy, LLC.
2. Shares owned by Missy, LLC. Mr. Duncan's daughter is the 50% beneficiary of the Neoma Lowndes Trust, which Trust has a 50% ownership interest in Missy, LLC. Mr. Duncan disclaims beneficial ownership of the shares owned indirectly by his daughter through the Trust and Missy, LLC.
3. Shares owned by the Amanda Miller Trust, where Amanda Miller is the daughter of Mr. Duncan, and Mr. Duncan has no voting or investment power with respect to the Trust.
4. Shares owned by Missy, LLC. Mr. Duncan has a 25% ownership interest in Missy, LLC.
5. Shares owned by Neoma Lowndes Trust. Mr. Duncan's daughter is the 50% beneficiary of the Trust. Mr. Duncan disclaims beneficial ownership of the shares owned indirectly by his daughter through the Trust.
6. Shares owned by the spouse of Mr. Duncan. Mr. Duncan disclaims beneficial ownership of the shares owned by his spouse.
7. All shares owned by virtue of participation in the Company's Employee Stock Purchase Plan as of December 31, 2011.
Remarks:
By: John M. Lowber For: Ronald A. Duncan 06/12/2012
** 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).
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