SEC Info - Frist Julie D. - ‘4’ for 2/23/21 re: Liberty Broadband Corp.

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^*

Frist Julie D.

(Last)

(First)

(Middle)

12300 LIBERTY BLVD.

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Liberty Broadband Corp [ LBRDA ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
2/23/21

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 A Common Stock	2/23/21		P		85	A	$143.475	85	I	By Trusts ⁽¹⁾
Series C Common Stock	2/23/21		P		500	A	$146.8724	500	I	By Trusts ⁽¹⁾
Series C Common Stock	1/27/22		S		500 ⁽²⁾	D	$139.3858	0.0000	I	By Trusts ⁽¹⁾
Series A Common Stock	3/3/22		S		85 ⁽³⁾	D	$134.8063	0.0000	I	By Trusts ⁽¹⁾
Series C Common Stock	3/3/22		P		45 ⁽²⁾	A	$137.77	45	I	By Trusts ⁽¹⁾
Series A Common Stock	4/6/22		P		85 ⁽³⁾	A	$134.5605	85	I	By Trusts ⁽¹⁾
Series C Common Stock	4/6/22		P		405 ⁽²⁾	A	$139.1731	450	I	By Trusts ⁽¹⁾
Series C Common Stock								3,374	I	By Annabel D. Frist 2003 Trust ⁽⁴⁾
Series C Common Stock								20,836	I	By Annabel D. Frist 2021 FCT ⁽⁵⁾
Series C Common Stock								3,299	I	By Caroline M. Frist 2001 Trust ⁽⁴⁾
Series C Common Stock								20,843	I	By Caroline M. Frist 2021 FCT ⁽⁶⁾
Series C Common Stock								574	I	By John M. Damgard 2012 Trust ⁽⁷⁾
Series C Common Stock								558	I	By Lily M. Damgard 2012 Trust ⁽⁷⁾
Series C Common Stock								601,507 ⁽⁸⁾	I	By Spouse ⁽⁹⁾
Series C Common Stock								574	I	By Theodor D. Damgard 2012 Trust ⁽⁷⁾
Series C Common Stock								466,472	I	By Thomas F. Frist III 2007 Family Trust ⁽¹⁰⁾
Series C Common Stock								4,924	I	By Thomas F. Frist III 2011 Family Trust ⁽¹⁰⁾
Series C Common Stock								3,434	I	By Thomas F. Frist IV 2005 Trust ⁽⁴⁾
Series C Common Stock								20,861	I	By Thomas F. Frist IV 2021 FCT ⁽¹¹⁾

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)

Explanation of Responses:

(1) These transactions were by a managed account under the trading discretion of an investment manager (the "Managed Account"). Three trusts (the "Trusts") for the benefit of members of the reporting person's immediate family collectively have a one-third interest in the Managed Account. The reporting person's spouse was appointed as the successor trustee of the Trusts. Following the transactions reported on this Form 4, the Managed Account holds an aggregate of 85 shares of the Issuer's Series A Common Stock and an aggregate of 450 shares of the Issuer's Series C Common Stock. The reporting person disclaims beneficial ownership of the securities held by the Trusts and the Managed Account except to the extent of her pecuniary interest therein.

(2) The sale of 500 shares of the Issuer's Series C Common Stock by the Managed Account reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), to the extent of 450 shares of Series C Common Stock, with the purchases of 45 shares and 405 shares, in each case, of the Issuer's Series C Common Stock by the Managed Account reported herein. The reporting person has paid to the Issuer $51.94, representing the full amount of the profit realized from the Trusts' one-third interest in the Managed Account in connection with the short-swing transactions, less transaction costs.

(3) The sale of 85 shares of the Issuer's Series A Common Stock by the Managed Account reported herein was matchable under Section 16(b) of the Exchange Act with the purchase of 85 shares of the Issuer's Series A Common Stock by the Managed Account reported herein. The reporting person has paid to the Issuer $6.77, representing the full amount of the profit realized from the Trusts' one-third interest in the Managed Account in connection with the short-swing transaction, less transaction costs.

(4) The reporting person is the sister-in-law of the sole trustee and, as the settlor of the trust, also retains a power of substitution with respect to the assets held by the trust. The reporting person, therefore, may be deemed to have shared dispositive power over the securities held by the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.

(5) Represents shares previously reported as indirectly held by the Annabel D. Frist FCT Trust (the "ADF FCT Trust"). Effective November 12, 2021, the ADF FCT Trust transferred all assets to the Annabel D. Frist 2021 FCT Trust. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.

(6) Represents shares previously reported as indirectly held by the Caroline M. Frist FCT Trust (the "CMF FCT Trust"). Effective November 12, 2021, the CMF FCT Trust transferred all assets to the Caroline M. Frist 2021 FCT Trust. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.

(7) The reporting person is the sole trustee of the trust and, as the settlor of the trust, also retains a power of substitution with respect to the assets held by the trust. The reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.

(8) Includes 497,939 shares of the Issuer's Series C Common Stock previously reported as indirectly held by FS Partners II, LLC (the "LLC"). The reporting person's spouse was the sole member of the LLC, which was subsequently dissolved.

(9) The reporting person disclaims beneficial ownership of these shares owned by her spouse.

(10) The reporting person is the sole trustee of the trust. The beneficiaries of the trust are members of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.

(11) Represents shares previously reported as indirectly held by the Thomas F. Frist IV FCT Trust (the "TFFIV FCT Trust"). Effective November 12, 2021, the TFFIV FCT Trust transferred all assets to the Thomas F. Frist IV 2021 FCT Trust. The reporting person is the sole trustee of the trust. The beneficiary of the trust is a member of the reporting person's immediate family, and the reporting person disclaims beneficial ownership of the securities held by the trust except to the extent of her pecuniary interest therein.

	/s/ Brittany A. Uthoff as Attorney-in-Fact for Julie D. Frist	8/4/22
	** 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).
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.

____________ Transaction Codes:
P	Open market or private purchase of non-derivative or derivative security.
S	Open market or private sale of non-derivative or derivative security.

Frist Julie D. – ‘4’ for 2/23/21 re: Liberty Broadband Corp.

On: Thursday, 8/4/22, at 5:07pm ET · For: 2/23/21 · As: Director · Accession #: 1225208-22-9276 · File #: 1-36713

Previous ‘4’: ‘4’ on 12/9/21 for 12/7/21 · Next: ‘4’ on 12/13/22 for 12/12/22 · Latest: ‘4’ on 12/13/23 for 12/11/23

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Frist Julie D. – ‘4’ for 2/23/21 re: Liberty Broadband Corp.

On: Thursday, 8/4/22, at 5:07pm ET · For: 2/23/21 · As: Director · Accession #: 1225208-22-9276 · File #: 1-36713

Previous ‘4’: ‘4’ on 12/9/21 for 12/7/21 · Next: ‘4’ on 12/13/22 for 12/12/22 · Latest: ‘4’ on 12/13/23 for 12/11/23

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents