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Libery Media's Malone Unloads Shares... To Liberty Media (LCAPA, LINTA, LMDIA)
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Chairman John Malone of Liberty Media Corp. (NASDAQ: LCAPA) sold 4.5 million shares of common stock on October 7, 2008 at a price of $11.00 per share. He still holds more than 2.7 million shares of Series A Common Stock. The other units of Liberty trade under the "LINTA" and "LMDIA" tickers as well.
This was part of Liberty’s repurchase plan, but it was a privately negotiated transaction as this trade nor enough shares crossed on the exchange on that day. According to trade recaps, this stock only traded 1.04 million shares of common stock on October 7 and the stock closed at $11.22 with an intra-day trading range of $11.16 to $12.49.
Jon C. Ogg
October 9, 2008
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