Liberty Media Corporation

Liberty Media Corporation Stock Adjustments

  • July 23, 2014 - Liberty Media Corporation issued shares of its Series C common stock to holders of its Series A and Series B common stock by means of a dividend. Holders of Series A and Series B common stock as of 5:00 p.m. E.D.T. time on July 7, 2014, the record date for the dividend, received a dividend of two shares of Series C common stock for each share of Series A or Series B common stock held by them as of the record date.

    Click here for basis allocation

    Download
    Form 8937 LMCA
    Form 8937 LMCB
    Form 8937 LMCK (W LMCA)
    Form 8937 LMCK (W LMCB)

  • January 13, 2013 - In connection with a spin-off transaction (the Spin-off) effected by the corporation formerly known asLiberty Media Corporation (Old LMC), (i) all of the businesses, assets, and liabilities of Old LMC, other than Starz, LLC,were contributed to Liberty Spinco, Inc., a former subsidiary of Old LMC; (ii) Old LMC was renamed Starz (STRZ);(iii) Liberty Spinco, Inc. was renamed Liberty Media Corporation (New LMC); and (iv) all of the stock of New LMC was distributed on January 11, 2013 to the holders of record of Old LMC stock on the record date.

    Click here for Basis Allocation.
  • November 28, 2011 - Liberty Media Corporation (Liberty Media) completes the conversion of each share of its Liberty Starz common stock (LSTZA and LSTZB) into 0.88129 of a share of the corresponding series of Liberty Capital common stock (LMCA and LMCB). The tax basis of each 0.88129 of a share of Liberty Media's LMCA and LMCB stock received by holders of Liberty Media's Liberty Starz common stock in the conversion should generally be the same as the tax basis of the share of Liberty Media's LSTZA or LSTZB stock, respectively, that is surrendered in exchange therefor. The tax basis of shares of Liberty Capital common stock held prior to the conversion is not affected by the conversion.

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    FORM 8937 RECAPITALIZATION
  • September 23, 2011 – Liberty Interactive Corporation (f/k/a Liberty Media Corporation and referred to herein as Liberty Interactive) completes the split-off of Liberty Media Corporation (f/k/a Liberty CapStarz, Inc. and Liberty Splitco, Inc. and referred to herein as Liberty Media). In the split-off, Liberty Interactive redeemed each share of its Liberty Capital and Liberty Starz common stock in exchange for one share of the corresponding series of Liberty Media's Liberty Capital and Liberty Starz common stock, respectively. The ticker symbols for Liberty Media's Liberty Capital and Liberty Starz common stock are the same as the ticker symbols for Liberty Interactive's Liberty Capital and Liberty Starz common stock.

    The tax basis of each share of Liberty Media's LCAPA, LCAPB, LSTZA, and LSTZB stock received by holders of Liberty Interactive's Liberty Capital and Liberty Starz common stock in the split-off should generally be the same in each case as the tax basis of the share of Liberty Interactive's LCAPA, LCAPB, LSTZA or LSTZB stock, respectively, that is surrendered in exchange therefor. The tax basis of shares of Liberty Interactive common stock is not affected by the split-off.

    This is not tax advice. Please note that the information above is provided solely as a convenience to shareholders. Liberty Interactive does not provide its shareholders with tax advice and the information above is not intended to provide tax advice. Liberty encourages its shareholders to consult with their own tax advisors with respect to their specific questions pertaining to their own tax positions.

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    FORM 8937 SPLIT-OFF
  • November 19, 2009, Liberty completes split-off of the Liberty Entertainment Inc (LEI) and business combination with DIRECTV (NASDAQ: DTV). Remaining businesses, assets and liabilities not held by LEI remain with Liberty Media and are redesignated as the Liberty Starz group (NASDAQ: LSTZA/B). 1 share of DTV and .1 shares of LSTZA/B issued for each share of LMDIA/B. Click here for basis allocation.
  • September 18, 2008, Discovery Holding Company (DHC) completes restructuring into Discovery Communications, Inc. (DCI), and spin off of Ascent Media Corporation (ASCM). Click here for basis allocation.
  • March 3, 2008, Liberty Media Corporation completes reclassification of its Liberty Capital group common stock (NASDAQ: LCAPA/B) and issues new tracking stock for the Liberty Entertainment group common stock (NASDAQ: LMDIA/B): 4 shares of LMDIA/B issued for each share of LCAPA/B. Click here for Basis Allocation.
  • May 9, 2006, Liberty Media Corporation completes its restructuring and issues two new tracking stocks Liberty Capital group and Liberty Interactive group (NASDAQ:LCAPA/B and LINTA/B, respectively): 0.05 shares of LCAPA/B issued for each 1 share of L/LMC.B held and 0.25 shares of LINTA/B shares issued for each 1 share of L/LMC.B held. Click here for Basis Allocation.
  • July 21, 2005, Discovery Holding Company Spin Off from Liberty Media Corporation: 0.10 shares of DISCA/DISCB issued for each 1 share of L/LMC.B. Click here for Basis Allocation.
  • June 8, 2004, Liberty Media International Spin Off from Liberty Media Corporation: 0.05 shares of LBTYA/LBTYB issued for each 1 share of L/LMC.B. Click here for Basis Allocation.
  • October 31, 2002, Rights Offering to Liberty Media Shareholders: 0.04 transferable subscription rights issued for each share of Series A common stock and Series B common stock held. Each whole right entitled the holder to purchase one share of Series A common stock at a subscription price of $6.00 per share. Please contact the company for further cost basis information.
  • August 10, 2001, Liberty Media Split Off from AT&T: Each share of LMG.A/B exchanged on a 1 for 1 basis for shares of the new Liberty Media Corporation Series A and Series B Common stock, trading on the New York Stock Exchange under the symbols LMC.A and LMC.B respectively.
  • June 9, 2000, 2-for-1 Stock Split: 1 additional share of LMG.A/B issued for every share of LMG.A/B held
  • June 11, 1999, 2-for-1 Stock Split: 1 additional share of LMG.A/B issued for every share of LMG.A/B held
  • March 9, 1999, AT&T/TCI Merger: Each share of LBTYA/B exchanged on a 1 for 1 basis for shares of AT&T Liberty Media group A/B, trading on the New York Stock Exchange under the symbols LMG.A/LMG.B
  • February 6, 1998, 3-for-2 Stock Split: 1 additional share of LBTYA/B issued for every 2 shares of LBTYA/B held
  • January 6, 1998, TCI/Liberty Merger Settlement: 0.01345 share TCOMA for each share of LBTYA held on August 4, 1994; 0.01542 share TCOMB for each share of LBTYB held on August 4, 1994
  • January 13, 1997, 3-for-2 Stock Split: 1 additional share of LBTYA for every 2 shares of LBTYA and LBTYB
  • August 10, 1995, distribution of Liberty tracking stock: 0.25 shares LBTYA/B issued for each 1 share of TCOMA/B
  • August 4, 1994, Merger with TCI: 0.975 shares TCOMA/B for each share of LBTYA/B; 1 share TCOMP for each share of LBTYP
  • March 17, 1993, 2-for-1 Stock Split: 1 additional share LBTYA/B issued for each one held
  • December 3, 1992, 4-for-1 Stock Split: 3 additional shares LBTYA/B issued for each one held
  • March 12, 1992, Liberty recapitalization: 20 shares new LBTYA/B + 2 shares LBTYP issued in exchange for each share of old LBTYA/B
  • March 28, 1991, Liberty trades publicly
  • March 19,1991, exercise of Liberty Rights: 16 shares TCOMA/B + 1 Right = LBTYA/B
  • March 19, 1991, expiration of Liberty Rights: Any not exercised expired with no value
  • February 6, 1991, issuance of Liberty Rights: 1 Right for every 200 shares of TCOMA/B

 

BASIS ALLOCATION FOR LIBERTY MEDIA CORPORATION COMMON STOCK (SERIES C COMMON STOCK (LMCK) DIVIDEND)

Record date

July 7, 2014

Payment date

July 23, 2014

First trading date

July 24, 2014

LMCA

Each holder of Series A Liberty Media common stock ("LMCA") received 2 shares of Series C Liberty Media common stock ("LMCK") for each share of LMCA held by them as of the record date.

LMCB

Each holder of Series B Liberty Media common stock (“LMCB”) received 2 shares of Series C Liberty Media common stock (“LMCK”) for each share of LMCB held by them as of the record date.

July 24, 2014 Trading Activity

Hi

Lo

Average

LMCA

49.79

48.63

49.21

LMCB

51.88

49.01

50.45

LMCK

48.74

46.14

47.44

Basis Allocation Example (The following example assumes an LMC shareholder who owns 60 shares. Please consult your tax advisor regarding appropriate adjustments for your situation).

Average

Shares

Total

Percent

LMCA

49.21

60

2952.6000

34.1523%

LMCK

47.44

120

5692.8000

65.8477%

LMCB

50.45

60

3026.7000

34.7119%

LMCK

47.44

120

5692.8000

65.2881%

 

Please note that the information above is provided solely as a convenience to shareholders. Liberty Media Corporation does not provide its shareholders with tax advice and the information above is not intended to be tax advice. Liberty Media Corporation encourages its shareholders to consult with their own tax advisors with respect to their specific questions pertaining to their own tax positions.

 

BASIS ALLOCATION FOR LIBERTY MEDIA CORPORATION (LMC) AND STARZ (STRZ) COMMON STOCK

Record date 10-Jan-13
First trading date 14-Jan-13
In connection with a spin-off transaction (the Spin-off) effected by the corporation formerly known asLiberty Media Corporation (Old LMC), (i) all of the businesses, assets, and liabilities of Old LMC, other than Starz, LLC, were contributed to Liberty Spinco, Inc., a former subsidiary of Old LMC; (ii) Old LMC was renamed Starz (STRZ); (iii) Liberty Spinco, Inc. was renamed Liberty Media Corporation (New LMC); and (iv) all of the stock of New LMC was distributed on January 11, 2013 to the holders of record of Old LMC stock on the record date.
LMCA In the Spin-off, each holder of Old LMC's Series A Liberty Capital common stock (LMCA) receivedone share of New LMC's Series A common stock (New LMCA) for each share of LMCA held by suchholder as of the record date. The old LMCA shares began trading under a new symbol, STRZA, on January 14, 2013. The New LMCA shares shares began trading under the temporary symbol, LMCAD, on January 14, 2013 and will trade under the permanent symbol, LMCA beginning January 22, 2013.
LMCB In the Spin-off, each holder of Old LMC's Series B Liberty Capital common stock (LMCB) receivedone share of New LMC's Series B common stock (New LMCB) for each share of LMCB held by suchholder as of the record date. The old LMCB shares began trading under a new symbol, STRZB, on January 14, 2013. The New LMCB shares shares began trading under the temporary symbol, LMCBD, on January 14, 2013 and will trade under the permanent symbol, LMCB beginning January 22, 2013.
January 14, 2013 Trading Activity
Hi Lo Average
LMCAD 110.40 107.66 109.030
STRZA 15.75 14.00 14.875
 
LMCBD* 110.40 107.66 109.030
STRZB 16.24 14.99 15.615
 
Basis Allocation Example
Average Shares Total Percent
LMCAD 109.030 1 109.0300 87.9948%
STRZA 14.875 1 14.8750 12.0052%
 
LMCBD* 109.030 1 109.0300 87.4724%
STRZB 15.615 1 15.6150 12.5276%

*There was no trading of LMCBD shares the week of January 14, 2013. As such, the trading values on January 14, 2013 for LMCAD shares were used for these purposes. This is not tax advice.

Please note that the information above is provided solely as a convenience to shareholders. Liberty Media Corporation does not provide its shareholders with tax advice and the information above is not intended to provide tax advice. Liberty Media Corporation encourages its shareholders to consult with their own tax advisors with respect to their specific questions pertaining to their own tax positions.

 

 

BASIS ALLOCATION FOR DIRECTV (DTV) AND LIBERTY STARZ (LSTZA) COMMON STOCK

Record date 19-Nov-09
First trading date 20-Nov-09
LMDIA Common Each share of Liberty Entertainment Series A common stock was exchanged for .9 shares of Liberty Entertainment, Inc. (LEI) Series A common stock and then each whole share of LEI SeriesA common stock was exchanged for 1.1113 shares of DirecTV Class A shares; and .1 of a share of LSTZA common stock
LMDIB Common Each share of Liberty Entertainment Series B common stock was exchanged for .9 shares of Liberty Entertainment, Inc. (LEI) Series B common stock and then each whole share of LEI SeriesB common stock was exchanged for 1.1113 shares of DirecTV Class A shares; and .1 of a share of LSTZB common stock
November 20, 2009 Trading Activity
  Hi Lo Average  
DTV Series A 32.07 30.88 31.475  
LSTZA 50.50 48.00 49.250  
Basis Allocation for LMDIA Common:
  Average Shares Total Percent
DTV Series A 31.475 1.00017 31.4804 86.4718%
LSTZA 49.250 0.1 4.9250 13.5282%

 

* As there was no trading activity for the Liberty Starz B prior on November 20, 2009, we are only providing an illustration of the basis allocation information regarding the Liberty Entertainment Series A common shares. There are several potential methods for determining the fair market values of the Liberty Starz Series B shares (generally and with respect to the Series B shares) for the purposes of allocating tax basis following the transactions. Please consult your tax advisor regarding the allocation basis amongst your shares

This is not tax advice. Liberty is providing an example of how to allocate a shareholder's aggregate tax basis in Liberty Entertainment Series A common stock between his or her DIRECTV Class A common shares and Liberty Starz A common shares. This example is provided solely for illustrative purposes and as a convenience because shareholders and their tax advisors may find it useful when establishing their specific tax positions. This example does not include specific basis allocation methodology to fractional shares. Please note that Liberty does not provide its shareholders with tax advice, and this illustrative example is not intended to provide tax advice. Liberty encourages its shareholders to consult with their own tax advisors with their specific questions pertaining to their own tax positions.

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BASIS ALLOCATION FOR DISCOVERY HOLDING COMPANY (DHC), DISCOVERY COMMUNICATIONS, INC. (DCI OR DISCOVERY) AND ASCENT MEDIA CORPORATION (ASCM) COMMON STOCK

Record date 17-Sep-08
First trading date 18-Sep-08
DHC Series A Common Each share of DHC Series A common stock was exchanged for:
  .5 of a share of DCI A common stock and
  .5 of a share of DCI C common stock and
  .05 of a share of ASCM Series A common stock
DHC Series B Common Each share of DHC Series B common stock was exchanged for:
  .5 of a share of DCI B common stock and
  .5 of a share of DCI C common stock and
  .05 of a share of ASCM Series B common stock
Trade prices on date of exchange
  Hi Lo Average  
DCI Series A 21.05 13.81 17.430  
DCI Series B* 18.96 18.96 18.960  
DCI Series C 18.50 12.80 15.650  
ASCM Series A 33.81 27.21 30.510  
ASCM Series B*        
Basis Allocation Series A*
  Average Shares Total Percent
DCI Series A 17.430 0.5 8.7150 48.2411%
DCI Series C 15.650 0.5 7.8250 43.3146%
ASCM Series A 30.510 0.05 1.5255 8.4443%
*As there was no trading activity for the DCI Series B prior to September 25, 2008, nor was there trading of the ASCM Series B shares prior to October 3, 2008, we are only providing an illustration of the basis allocation information regarding the DHC Series A common shares. There are several potential methods for determining the fair market values of the DCI and ASCM shares (generally and with respect to the Series B shares) for purposes of allocating tax basis following the transactions. Please consult your tax advisor regarding the allocation of basis amongst your shares.
This is not tax advice. Discovery is providing an example of how to allocate a shareholder's aggregate tax basis in DHC Series A common stock between his or her DCI Series A and C shares and ASCM Series A. This example is provided solely for illustrative purposes and as a convenience because shareholders and their tax advisors may find it useful when establishing their specific tax positions. Please remember that Discovery does not provide its shareholders with tax advice, and this illustrative example is not intended to provide tax advice. Discovery encourages its shareholders to consult with their own tax advisors with their specific questions pertaining to their own tax positions.

 

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BASIS ALLOCATION FOR LIBERTY ENTERTAINMENT (LMDIA) AND LIBERTY CAPITAL (LCAPA) COMMON STOCK

Record date 3-Mar-08
First trading date 4-Mar-08
   
Liberty Capital Series A Common

Each share of Liberty Capital Series A common stock was exchanged for

4 shares of Liberty Entertainment Series A common stock and

1 share of Liberty Capital Series A common stock

   
Liberty Capital Series B Common

Each share of Liberty Capital Series B common stock was exchanged for

4 shares of Liberty Entertainment Series B common stock and

1 share of Liberty Capital Series B common stock

 

March 4, 2008 Trading Activity
  Hi Lo Average  
LMDI Series A 26.54 24.49 25.515  
LCAP Series A 19.25 17.09 18.170  
Basis Allocation
  Average Shares Total Percent
LMDI Series A 25.515 4 102.0600 84.8873%
LCAP Series A 18.170 1 18.1700 15.1127%
** There was no trading activity for LMDI Series B on March 4, 2008. As a result, we are not providing basis allocation information for the B shares. Please consult your tax advisor with respect to the basis allocation for B shares.Please be sure to check with your own tax advisor as to the particular tax consequences to you of the restructuring.

 

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BASIS ALLOCATION FOR LIBERTY INTERACTIVE (LINT) AND LIBERTY CAPITAL (LCAP) COMMON STOCK

Record date              9-May-06
First trading date     10-May-06

Liberty Series A Common   Each share of Liberty Media Corporation Series A common stock was exchanged for .25 of a share of Liberty Interactive Series A common stock and .05 of a share of Liberty Capital Series A common stock

Liberty Series B Common   Each share of Liberty Media Corporation Series B common stock was exchanged for .25 of a share of Liberty Interactive Series B common stock and .05 of a share of Liberty Capital Series B common stock

May 10, 2006 Trading Activity

  Hi Lo Average
LINT Series A 20.25 19.21 19.730
LCAP Series A 80.45 73.50 76.975
LINT Series B 20.09 19.55 19.820
LCAP Series B 80.75 76.45 78.600

 

Basis Allocation
  Average Shares Total Percent
LINT Series A 19.730 0.25 4.9325 56.1708%
LCAP Series A 76.975 0.05 3.8488 43.8292%
LINT Series B 19.820 0.25 4.9550 55.7681%
LCAP Series B 78.600 0.05 3.9300 44.2319%

The trading activity for the Series B common stock excludes the first 30 minutes of trading. This information is intended only as guidance to assist you in your tax calculations. Please be sure to check with your own tax advisor as to the particular tax consequences to you of the restructuring.

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BASIS ALLOCATION FOR LIBERTY MEDIA CORPORATION (LMC) AND DISCOVERY HOLDING COMPANY (DHC) COMMON STOCK

Record date for spin off July 15, 2005
Record date for the distribution July 21, 2005
First trading date

July 21, 2005

DHC Class A Common Each share of LMC Class A Common Stock held on the record date for the distribution will receive .10 of a share of DHC Class A Common Stock.
DHC Class B Common Each share of LMC Class B Common Stock held on the record date for the distribution will receive .10 of a share of DHC Class B Common Stock.

 

July 21, 2005 Trading Activity

  Hi Lo Average  
LMC Series A 8.64 8.46 8.550  
LMC Series B 10.15 8.80 9.475  
DHC Series A 15.10 14.20 14.650  
DHC Series B 15.25 15.00 15.125  
Basis Allocation
  Average Shares Total Percent
LMC Series A 8.550 1.00 8.5500 85.3719%
DHC Series A 14.650 .10 1.4650 14.6281%
LMC Series B 9.4750 1.00 9.4750 86.2344%
DHC Series B 15.1250 .10 1.5125 13.7656%

This information is intended only as guidance to assist you in your tax calculations. Please be sure to check with your own tax advisor as to the particular tax consequences to you of the LBTY and DHC distributions.

Discovery Holding Company Spin-off - Taxpayer Information Statement

 

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BASIS ALLOCATION FOR LIBERTY MEDIA CORPORATION (“LMC”) AND LIBERTY MEDIA INTERNATIONAL (“LBTY”) COMMON STOCK

Record date for spin off 1-Jun-04
Record date for the distribution 7-Jun-04
First trading date 8-Jun-04
Transaction :
LBTY Class A Common Each share of LMC Class A Common Stock held on the record date for the distribution will receive .05 of a share of LBTY Class A Common Stock.
LBTY Class B Common Each share of LMC Class B Common Stock held on the record date for the distribution will receive .05 of a share of LBTY Class B Common Stock.
June 8, 2004 Trading Activity
  Hi Lo Average  
LMC Series A 9.65 9.25 9.450  
LMC Series B 11.00 10.91 10.955  
LBTY Series A 38.00 35.95 36.975  
LBTY Series B 41.98 41.25 41.615  
Basis Allocation
  Average Shares Total Percent
LMC Series A 9.450 1.00 9.4500 83.6376%
LBTY Series A 36.975 .05 1.8488 16.3624%
LMC Series B 10.955 1.00 10.9550 84.0381%
LBTY Series B 41.615 .05 2.0808 15.9619%

Statement of shareholders receiving a distribution of stock in Liberty Media International, Inc. (“LBTY”) (a controlled corporation), pursuant to Treasury Regulations Section 1.355-5(b).

 

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TCI SATELLITE/LIBERTY SATELLITE ADJUSTMENTS

April 1, 2002, Liberty Satellite & Technology 1-for-10 Reverse Stock Split: For every 10 shares of LSATA/LSATB owned, exchange for 1 share of LSTTA/LSTTB respectively.

November 12, 2003, Liberty Satellite & Technology merges with Liberty Media Corporation: Each share of LSTTA/LSTTB exchanged for 0.2750 shares of L/LMC.B.

Basis Allocation for TCI Group and Liberty Media Group Common Stock
Record date for dividend 8/10/95
First trading date 8/11/95
Dividend
TCI Class A Common Each share of TCI Class A Common Stock will receive as a distribution ¼ share of Tele-Communications, Inc. Series A Liberty Media Group Common Stock. TCI Class A Common Stock is redesignated as Tele-Communications, Inc. Series A TCI Group Common Stock.
TCI Class B Common Each share of TCI Class B Common Stock will receive as a distribution ¼ share of Tele-Communications, Inc. Series B Liberty Media Group Common Stock. TCI Class B Common Stock is redesignated as Tele-Communications, Inc. Series B TCI Group Common Stock.

 

8/11/95 Trading Activity
  Hi Lo Average  
TCI Series A 20 19.625 19.8125  
TCI Series B 19.625 19.625 19.625  
Liberty Series A 25.75 25 25.375  
Liberty Series B 25.75 25 25.375  
Basis Allocation
  Average Shares Total Percent
TCI Series A 19.8125 1 19.8125 75.75%
Liberty Series A 25.375 0.25 6.3438 24.25%
 
TCI Series B 19.625 1 19.6250 75.57%
Liberty Series B 25.375 0.25 6.3438 24.43%
Basis Allocation per Share of Common
TCI Series A 75.75%
Liberty Series A 97.00%
 
TCI Series B 75.57%
Liberty Series B 97.72%

Associated Group, Inc. Merger - For Associated Group, Inc. Shareholders Only

Allocation of Stock Basis between AT&T shares and Liberty Media Group shares

Exchange 1 Associated Group, Inc. A or B share for the following:

.49634 T shares
1.20711 LMG.A shares

1/14/2000 1/14/2000 Exchange Allocation
High Low Average Ratio of Value
T 55.000 53.625 54.3125 0.49634 26.957466 29.2088%
LMG.A 55.125 53.125 54.125 1.20711 65.334829 70.7912%
Total 92.292295 100.0000%

 

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TCI VENTURES ADJUSTMENTS

March 9, 1999, Liberty/Ventures Combination: Each share of TCIVA/TCIVB exchanged for 0.52 shares of LMG.A/LMG.B

TCI/AT&T ADJUSTMENTS

December 4, 1996, TSAT distribution: 1/10 share TSATA/B for each share of TCOMA/B held

September 10, 1997, TCIVA/B exchange: TCOMA/B shareholders able to elect to switch to TCIVA shares through a dollar-for-dollar exchange. 30% of the basis is allocated to TCIVA/B and 70% is allocated to TCOMA/B.

March 9, 1999, AT&T/TCI Merger: Each share of TCOMA exchanged for 0.7757 shares of AT&T Common (NYSE: T). Each share of TCOMB exchanged for 0.8533 shares of T.

April 15,1999, 3-for-2 Stock Split: 1 additional share of T issued for every 2 shares of T held.

November 15, 2002, AT&T spin off of AT&T Broadband and subsequent merger of AT&T Broadband into Comcast : 0.3235 shares of CMCSA issued for each T held.

IRS Circular 230 Disclaimer: Under applicable Treasury regulations, this notice is not intended or written to be used, and cannot be used, for the purpose of avoiding any penalties.

 

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