SEC FORM 4

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^*

MALONE JOHN C

(Last)

(First)

(Middle)

12300 LIBERTY BOULEVARD

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [ LSXMA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2020

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series C Liberty SiriusXM Common Stock	05/27/2020		M		21,650	A	$25.47	750,707⁽¹⁾	I	By Spouse⁽²⁾
Series C Liberty SiriusXM Common Stock	05/27/2020		M		46,068	A	$25.47	588,916⁽¹⁾	I	John C. Malone June 2003 Charitable Remainder Unitrust
Series C Liberty SiriusXM Common Stock								14,027,255⁽³⁾	D
Series C Liberty SiriusXM Common Stock								129⁽⁴⁾	I	By 401(k) Savings Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Subscription Right (Right to Buy) - LSXMK⁽⁵⁾	$25.47	05/27/2020		M			21,650	⁽⁶⁾	⁽⁷⁾	Series C Liberty SiriusXM Common Stock	21,650	$0.0000	78,016	I	By Spouse⁽²⁾
Subscription Right (Right to Buy) - LSXMK⁽⁵⁾	$25.47	05/27/2020		M			46,068	⁽⁶⁾	⁽⁷⁾	Series C Liberty SiriusXM Common Stock	46,068	$0.0000	250,974⁽⁸⁾	I	John C. Malone June 2003 Charitable Remainder Unitrust
Subscription Right (Right to Buy) - LSXMK	$25.47							⁽⁶⁾	⁽⁷⁾	Series C Liberty SiriusXM Common Stock	834,646		834,646⁽⁹⁾	D
Subscription Right (Right to Buy) - LSXMK	$25.47							⁽⁶⁾	⁽⁷⁾	Series C Liberty SiriusXM Common Stock	575,000		575,000⁽¹⁰⁾	I	John C. Malone 1997 Charitable Remainder Unitrust
Subscription Right (Right to Buy) - LSXMK	$25.47							⁽⁶⁾	⁽⁷⁾	Series C Liberty SiriusXM Common Stock	575,000		575,000⁽¹⁰⁾	I	Malone Starz 2015 Charitable Remainder Trust

Explanation of Responses:

1. Includes the following distributions by the John C. Malone June 2003 Charitable Remainder Unitrust: (a) 55,836 Series C Liberty SiriusXM shares on June 27, 2019, in equal amounts of 27,918 Series C Liberty SiriusXM shares to each of the reporting person and the reporting person's spouse, (b) 50,060 Series C Liberty SiriusXM shares on September 30, 2019, in equal amounts of 25,030 Series C Liberty SiriusXM shares to each of the reporting person and the reporting person's spouse, and (c) 22,850 Series C Liberty SiriusXM shares on December 30, 2019, in equal amounts of 11,425 Series C Liberty SiriusXM shares to each of the reporting person and the reporting person's spouse.

2. The reporting person disclaims beneficial ownership of these shares owned by his spouse.

3. Includes the following distributions by the John C. Malone June 2003 Charitable Remainder Unitrust: (a) 55,836 Series C Liberty SiriusXM shares on June 27, 2019, in equal amounts of 27,918 Series C Liberty SiriusXM shares to each of the reporting person and the reporting person's spouse, (b) 50,060 Series C Liberty SiriusXM shares on September 30, 2019, in equal amounts of 25,030 Series C Liberty SiriusXM shares to each of the reporting person and the reporting person's spouse, and (c) 22,850 Series C Liberty SiriusXM shares on December 30, 2019, in equal amounts of 11,425 Series C Liberty SiriusXM shares to each of the reporting person and the reporting person's spouse. Also includes 226 Series C Liberty SiriusXM shares previously held in the reporting person's 401(k) savings plan that were distributed to the reporting person on November 27, 2019 and are now owned directly.

4. The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of April 30, 2020.

5. The rights offering is subject to termination or extension by the Issuer at any time prior to consummation.

6. The rights offering commenced on May 18, 2020.

7. The rights offering will expire at 5:00 p.m., New York City time, on June 5, 2020 unless extended by the Issuer.

8. Includes 200,000 rights to acquire shares of the Issuer's Series C Liberty SiriusXM common stock received by the reporting person in a pro rata distribution on May 15, 2020. Such rights were transfered to a charitable remainder trust of which the reporting person is sole trustee and, together with his spouse, retains a unitrust interest in the trust.

9. The number of rights to acquire shares of the Issuer's Series C Liberty SiriusXM common stock received by the reporting person in a pro rata distribution on May 15, 2020 was decreased as a result of the transfers described in Footnotes 8 and 10.

10. Includes 575,000 rights to acquire shares of the Issuer's Series C Liberty SiriusXM common stock received by the reporting person in a pro rata distribution on May 15, 2020. Such rights were transfered to a charitable remainder trust of which the reporting person is sole trustee and, together with his spouse, retains a unitrust interest in the trust.

Remarks:

Exhibit 24: Power of Attorney

	/s/ Craig Troyer as Attorney-in-Fact for John C. Malone	05/29/2020
	** 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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