CUSIP No.
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G5480U 104 (Liberty Global Class A ordinary shares)
G5480U 112 (Liberty Global Class B ordinary shares) G5480U 138 (LiLAC Class A ordinary shares) G5480U 146 (LiLAC Class B ordinary shares) |
13D
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Michael T. Fries
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO, P F, BK
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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U.S.
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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Liberty Global Class A ordinary shares:
Liberty Global Class B ordinary shares:
LiLAC Class A ordinary shares:
LiLAC Class B ordinary shares:
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1,792,415(1), (2), (3), (4)
1,000,000(4)
219,486(1), (2), (3), (4)
175,867(4)
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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Liberty Global Class A ordinary shares:
Liberty Global Class B ordinary shares:
LiLAC Class A ordinary shares:
LiLAC Class B ordinary shares:
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1,792,415(1), (2), (3), (4)
1,000,000(4)
219,486(1), (2), (3), (4)
175,867(4)
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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Liberty Global Class A ordinary shares:
Liberty Global Class B ordinary shares:
LiLAC Class A ordinary shares:
LiLAC Class B ordinary shares:
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1,792,415(1), (2), (3), (4)
1,000,000(4)
219,486(1), (2), (3), (4)
175,867(4)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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Liberty Global Class A ordinary shares:
Liberty Global Class B ordinary shares:
LiLAC Class A ordinary shares:
LiLAC Class B ordinary shares:
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0.8% (1), (2), (3), (4), (5)
9.0%(5)
0.4% (1), (2), (3), (4), (5)
9.0%(5)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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Liberty Global Class A Shares:
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500,038
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Liberty Global Class B Shares:
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1,000,000
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Liberty Global Class C Shares:
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1,408,698
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LiLAC Class A Shares:
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159,011
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LiLAC Class B Shares:
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174,767
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LILAC Class C Shares:
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245,363
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Actual Ownership
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Deemed Beneficial Ownership
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Class
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Number
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Class Percentage
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Number
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Class Percentage
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Liberty Global Class A
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576,238
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0.3
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1,792,415
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(1), (2), (3) (4) |
0.8
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(1), (2), (3), (4), (5) | |
Liberty Global Class B
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1,000,000
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9.0
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1,000,000
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(4) |
9.0
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(4), (5) | |
Liberty Global Class C
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1,408,698
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0.2
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2,106,520
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(1), (2), (3), (4) |
0.4
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(1), (2), (3), (4), (5) | |
LiLAC Class A
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217,085
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0.4
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219,486
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(1), (2), (3), (4) |
0.4
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(1), (2), (3), (4), (5) | |
LiLAC Class B
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175,867
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9.0
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175,867
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(4) |
9.0
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(4), (5) | |
LiLAC Class C
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245,363
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0.2
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251,753
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(1), (2), (3), (4) |
0.2
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(1), (2), (3), (4), (5) |
Exhibit
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A |
Transactions in Ordinary Shares Since January 15, 2016.
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Exhibit
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B |
Letter Agreement, dated as of February 13, 2014, between Michael T. Fries, John C. Malone and the Malone LG 2013 Charitable Remainder Unitrust.
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/s/ Michael T. Fries
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Dated August 24, 2017 |
Michael T. Fries
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Transaction Date
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Security(1)(2)
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Security Amount
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Per Share Price($)
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Transaction Description
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02/24/2016
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Liberty Global Class A RSU
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81,093
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N/A
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(3)
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02/24/2016
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Liberty Global Class C RSU
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162,185
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N/A
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(3)
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02/24/2016
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LiLAC Class A RSU
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4,054
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N/A
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(3)
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02/24/2016
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LiLAC Class C RSU
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8,109
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N/A
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(3)
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03/15/2016
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Liberty Global Class A Shares
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333,333
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N/A
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(4)
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03/15/2016
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Liberty Global Class B Shares
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333,333
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N/A
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(4)
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03/15/2016 |
LiLAC Class A Shares
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16,666
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N/A
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(4)
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03/15/2016
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LiLAC Class B Shares
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16,666
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N/A
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(4)
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03/15/2016
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Liberty Global Class A Shares
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306,179
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36.31
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(5)
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04/01/2016
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Liberty Global Class A Shares
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18,955
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38.92
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(5)
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04/01/2016
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Liberty Global Class C Shares
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37,908
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38.08
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(5)
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04/01/2016
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LiLAC Class A Shares
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949
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34.94
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(5)
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04/01/2016
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LiLAC Class C Shares
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1,896
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37.64
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(5)
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05/01/2016
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Liberty Global Class A SARs
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211,882
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37.73(6)
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(7)
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05/01/2016
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Liberty Global Class C SARs
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423,764
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36.60(6)
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(7)
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05/01/2016
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LiLAC Class A SARs
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10,594
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37.53(6)
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(7)
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05/01/2016
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LiLAC Class C SARs
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21,188
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40.61(6)
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(7)
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06/17/2016
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Liberty Global Class C Shares
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100,000
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N/A
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(8)
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06/24/2016
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Liberty Global Class A SARs
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971,587
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31.87(6)
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(9)
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06/24/2016
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Liberty Global Class C SARs
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967,468
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31.61(6)
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(9)
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06/24/2016
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Liberty Global Class C SARs
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1,933,985
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29.88(6)
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(9)
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06/24/2016
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LiLAC Class A SARs
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48,562
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30.02(6)
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(9)
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06/24/2016
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LiLAC Class C SARs
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48,343
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31.37(6)
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(9)
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06/24/2016
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LiLAC Class C SARs
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96,687
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29.66(6)
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(9)
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07/01/2016
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LiLAC Class A SARs
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17,730
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13.40(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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8,863
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13.52(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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11,967
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21.96(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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5,984
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22.88(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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11,330
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23.84(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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5,664
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24.60(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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10,679
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34.03(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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5,338
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36.44(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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241,301
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32.42(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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120,710
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34.29(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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50,088
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38.65(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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39,527
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50.84(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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52,872
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39.71(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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8,904
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13.16(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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6,009
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22.25(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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5,689
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23.91(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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121,223
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33.35(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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25,171
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38.94(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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19,603
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50.55(6)
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(10)
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07/01/2016
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LiLAC Class A SARs
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26,436
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39.48(6)
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(10)
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07/01/2016
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LiLAC Class A RSUs
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41,589
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N/A
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(10)
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07/01/2016
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LiLAC Class B RSUs
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41,589
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N/A
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(10)
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10/01/2016
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Liberty Global Class A Shares
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18,971
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34.18
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(5)
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10/01/2016
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Liberty Global Class C Shares
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37,939
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33.04
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(5)
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10/01/2016
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LiLAC Class A Shares
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3,317
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27.59
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(5)
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10/01/2016
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LiLAC Class C Shares
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6,632
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28.05
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(5)
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11/08/2016
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LiLAC Class A Shares
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50,000
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20.29
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(11)
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11/08/2016
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LiLAC Class B Shares
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1,100
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22.27
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(11)
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02/21/2017
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Liberty Global Class A RSU
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64,802
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N/A
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(12)
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02/21/2017
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Liberty Global Class C RSU
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129,605
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N/A
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(12)
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02/21/2017
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LiLAC Class A RSU
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11,324
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N/A
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(12)
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02/21/2017
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LiLAC Class C RSU
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22,650
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N/A
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(12)
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03/15/2017
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Liberty Global Class A Shares
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333,334
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N/A
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(4)
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03/15/2017
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Liberty Global Class B Shares
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333,334
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N/A
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(4)
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03/15/2017
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LiLAC Class A Shares
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58,256
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N/A
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(4)
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03/15/2017
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LiLAC Class B Shares
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58,256
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N/A
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(4)
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03/15/2017
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Liberty Global Class A Shares
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333,334
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36.78
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(5)
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04/01/2017
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Liberty Global Class A Shares
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32,401
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N/A
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(4)
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04/01/2017
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Liberty Global Class C Shares
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64,802
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N/A
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(4)
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04/01/2017
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LiLAC Class A Shares
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5,662
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N/A
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(4)
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04/01/2017
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LiLAC Class C Shares
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11,325
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N/A
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(4)
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04/01/2017
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Liberty Global Class A Shares
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15,171
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35.87
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(5)
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04/01/2017
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Liberty Global Class C Shares
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30,341
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35.04
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(5)
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04/01/2017
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LiLAC Class A Shares
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2,652
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22.24
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(5)
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04/01/2017
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LiLAC Class C Shares
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5,303
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23.04
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(5)
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05/01/2017
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Liberty Global Class A Shares
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71,370
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N/A
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(9)
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05/01/2017
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Liberty Global Class C Shares
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142,107
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N/A
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(9)
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05/01/2017
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Liberty Global Class C Shares
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71,036
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N/A
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(9)
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05/01/2017
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LiLAC Class A Shares
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3,568
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N/A
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(9)
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05/01/2017
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LiLAC Class A Shares
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8,904
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N/A
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(9)
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05/01/2017
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LiLAC Class C Shares
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7,105
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N/A
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(9)
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05/01/2017
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LiLAC Class C Shares
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3,551
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N/A
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(9)
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05/01/2017
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LiLAC Class C Shares
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17,730
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N/A
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(9)
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05/01/2017
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LiLAC Class C Shares
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8,863
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N/A
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(9)
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05/01/2017
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Liberty Global Class A Shares
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44,921
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35.69
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(5)
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05/01/2017
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Liberty Global Class C Shares
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134,336
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34.80
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(5)
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05/01/2017
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LiLAC Class A Shares
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9,785
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21.43
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(5)
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05/01/2017
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LiLAC Class C Shares
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29,300
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21.84
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(5)
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05/01/2017
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Liberty Global Class A SARs
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227,832
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35.69(6)
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(13)
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05/01/2017
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Liberty Global Class A SARs
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455,664
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34.80(6)
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(13)
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05/01/2017
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LiLAC Class A SARs
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28,480
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21.43(6)
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(13)
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05/01/2017
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LiLAC Class C SARs
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56,960
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21.84(6)
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(13)
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1.
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Each Restricted Share Unit (“RSU”) represents a right for the holder to receive one share of Issuer’s Liberty Global Class A ordinary shares, Liberty Global Class C ordinary shares, LiLAC Class A ordinary shares or LiLAC Class C ordinary shares, as the case may be. RSUs are granted to Mr. Fries in connection with his compensation by the Issuer.
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2.
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Share appreciation rights (“SARs”), upon exercise, entitle the holder to the issuance of a number of shares of the reference security having a value (subject to adjustment at the election of the Issuer for tax withholding amounts) equal to the increase in the value of a stated number of shares (e.g., a grant of 10,000 SARs entitles the grantee to the appreciation in value of 10,000 Ordinary Shares) at exercise from the value of that number of shares at the “base price”.
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3.
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In 2014 the Issuer granted to Mr. Fries and other senior officers of the Issuer performance share units (the “2014 PSUs”) based on certain objectives relating to the Issuer’s performance during the two-year period ending December 31, 2015. On February 24, 2016, the compensation committee of the Issuer’s board of directors determined the achievement of these objectives and the number of 2014 PSUs earned under the incentive plan. On February 24, 2015 such earned 2014 PSUs were converted into time-vested RSUs pursuant to the plan and vested in two equal installments on April 1, 2016 and October 1, 2016.
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4.
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Delivery of shares to Mr. Fries upon vesting of RSUs granted prior to January 15, 2016.
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5.
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Represents securities withheld by Issuer in payment of tax liability incident to vesting of RSUs.
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6.
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Base price; see note 2.
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7.
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New grant of SARs. The SARs in this grant vest as follows: 12.5% of the aggregate SARs on November 1, 2016; the remaining 87.5% of the SARs in 14 equal quarterly installments of 6.25% commencing February 1, 2017.
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8.
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Gift disposition.
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9.
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Represents vesting of SARs granted prior to January 15, 2016.
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10.
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On July 1, 2016, the Issuer distributed to each holder of Liberty Global ordinary shares, one share of the corresponding class of the Issuer’s LiLAC ordinary shares for every 8.01482 shares of that class of the Issuer’s Liberty Global ordinary shares held by such holder as of the distribution record date (the “LiLAC Distribution”). As a result, pursuant to the anti-dilution provisions of the applicable incentive plans, Mr. Fries received an equity award based on his outstanding Liberty Global awards relating to shares of the corresponding class of LiLAC ordinary shares (a “LiLAC Award”). The terms of the LiLAC Awards are, in all material respects, the same as those of the corresponding original Liberty Global award. In addition, as a result of the LiLAC Distribution, pursuant to the anti-dilution provisions of the applicable incentive plans, an adjustment to the exercise price or base price, as applicable, was made to all previous Liberty Global equity awards.
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11.
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Open market purchase.
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12.
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In 2015 the Issuer granted to Mr. Fries and other senior officers of the Issuer performance share units (the “2015 PSUs”) based on certain objectives relating to the Issuer’s performance during the two-year period ending December 31, 2016. On February 24, 2016, the compensation committee of the Issuer’s board of directors determined the achievement of these objectives and the number of 2015 PSUs earned under the incentive plan. On February 24, 2016 such earned 2015 PSUs were converted into time-vested RSUs pursuant to the plan with vesting in two equal installments on April 1, 2017 and October 1, 2017.
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13.
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New grant of SARs. The SARs in this grant vest as follows: 12.5% of the aggregate SARs on November 1, 2017; the remaining 87.5% of the SARs in 14 equal quarterly installments of 6.25% commencing February 1, 2018.
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Sincerely | |||
MALONE LG 2013 CHARITABLE REMAINDER UNITRUST | |||
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/s/ John C. Malone | |
Name: John C. Malone | |||
Title: Trustee | |||
/s/ John C. Malone | |||
John C. Malone |