SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
WESCHLER, R. TED

(Last) (First) (Middle)
404 EAST MAIN STREET

(Street)
CHARLOTTESVILLE VA 22902

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/19/2017
3. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ LSXMK ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Member of 10% owner group
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Liberty SiriusXM Common Stock 271,034 D
Series A Liberty SiriusXM Common Stock 14,800 I See footnotes 1, 2 and 3.(1)(2)(3)
Series A Liberty SiriusXM Common Stock 8,277 I See footnotes 2, 3 and 4.(2)(3)(4)
Series A Liberty SiriusXM Common Stock 10,683,800 I See footnote 5.(5)
Series C Liberty SiriusXM Common Stock 542,068 D
Series C Liberty SiriusXM Common Stock 29,600 I See footnotes 1, 2 and 3.(1)(2)(3)
Series C Liberty SiriusXM Common Stock 16,544 I See footnotes 2, 3 and 4.(2)(3)(4)
Series C Liberty SiriusXM Common Stock 23,357,109 I See footnote 5.(5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These shares are owned by a daughter of the reporting person.
2. The reporting person has or shares trading authority over these shares.
3. The reporting person may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, these shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
4. These shares are owned by the Rita E. and Frank J. Weschler Educational Trust, of which the reporting person's daughters are beneficiaries.
5. These shares are directly owned by certain subsidiaries and subsidiary benefit plans of Berkshire Hathaway Inc. ("Berkshire"). See Remarks.
Remarks:
The reporting person is an investment manager at Berkshire and his Berkshire investment portfolio includes shares of Series A Liberty SiriusXM Common Stock and Series C Liberty SiriusXM Common Stock (collectively, "Shares"). Predating his position at Berkshire, he also personally holds Shares and has or shares trading authority over Shares owned by certain relatives and related trusts. As a result of an agreement entered into on May 24, 2013 between Berkshire and the reporting person with respect to the reporting person's holdings of, and future transactions in, Shares, Berkshire and the Reporting Person will file as a "group" under Section 13 of the Exchange Act. The reporting person disclaims beneficial ownership of Shares owned by Berkshire, Berkshire's subsidiaries and its subsidiary pension plans. This report shall not be deemed an admission that the reporting person is the beneficial owner of any Shares that are not directly owned by the reporting person for purposes of Section 16 of the Exchange Act or any other purpose.
/s/ R. Ted Weschler 04/24/2017
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.