Filing Details
- Accession Number:
- 0000950142-18-000498
- Form Type:
- 13D Filing
- Publication Date:
- 2018-02-26 16:55:49
- Filed By:
- Searchlight Alx Lp
- Company:
- Grizzly Merger Sub 1 Llc (NASDAQ:GLIBA)
- Filing Date:
- 2018-02-26
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Searchlight ALX | 1,727,661 | 0 | 1,727,661 | 0 | 1,727,661 | 5.2% |
| Searchlight ALX GP | 1,727,661 | 0 | 1,727,661 | 0 | 1,727,661 | 5.2% |
| SC ALX | 0 | 1,727,661 | 0 | 1,727,661 | 1,727,661 | 5.2% |
| SC AIV ALX | 0 | 1,727,661 | 0 | 1,727,661 | 1,727,661 | 5.2% |
| Searchlight Capital PV | 0 | 1,727,661 | 0 | 1,727,661 | 1,727,661 | 5.2% |
| Searchlight SIP Holdco SPV VIII (ALX) | 0 | 1,727,661 | 0 | 1,727,661 | 1,727,661 | 5.2% |
| Searchlight Capital Partners GP | 1,727,661 | 0 | 1,727,661 | 0 | 1,727,661 | 5.2% |
| Searchlight Capital Partners GP | 1,727,661 | 0 | 1,727,661 | 0 | 1,727,661 | 5.2% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
| GCI Liberty, Inc. |
| (Name of Issuer) |
| Class A-1 Common Stock |
| (Title of Class of Securities) |
| 36164V 107 |
| (CUSIP Number) |
| Searchlight ALX, L.P. c/o Searchlight Capital Partners, L.P. 745 5th Avenue - 27th Floor New York, NY 10151 Attention: Nadir Nurmohamed |
| (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) |
| February 20, 2018 |
| (Date of Event which Requires Filing of this Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
All ownership percentages set forth herein are based on there being 33,046,000 shares of Common Stock outstanding.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 2 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Searchlight ALX, L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,727,661 |
| 8 | SHARED VOTING POWER 0 | |
| 9 | SOLE DISPOSITIVE POWER 1,727,661 | |
| 10 | SHARED DISPOSITIVE POWER 0 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON PN |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 3 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Searchlight ALX GP, LLC | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,727,661 |
| 8 | SHARED VOTING POWER 0 | |
| 9 | SOLE DISPOSITIVE POWER 1,727,661 | |
| 10 | SHARED DISPOSITIVE POWER 0 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON OO |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 4 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC ALX, L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 |
| 8 | SHARED VOTING POWER 1,727,661 | |
| 9 | SOLE DISPOSITIVE POWER 0 | |
| 10 | SHARED DISPOSITIVE POWER 1,727,661 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON PN |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 5 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC AIV ALX, L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 |
| 8 | SHARED VOTING POWER 1,727,661 | |
| 9 | SOLE DISPOSITIVE POWER 0 | |
| 10 | SHARED DISPOSITIVE POWER 1,727,661 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON PN |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 6 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Searchlight Capital PV, L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 |
| 8 | SHARED VOTING POWER 1,727,661 | |
| 9 | SOLE DISPOSITIVE POWER 0 | |
| 10 | SHARED DISPOSITIVE POWER 1,727,661 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON PN |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 7 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Searchlight/SIP Holdco SPV VIII (ALX), L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 |
| 8 | SHARED VOTING POWER 1,727,661 | |
| 9 | SOLE DISPOSITIVE POWER 0 | |
| 10 | SHARED DISPOSITIVE POWER 1,727,661 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON PN |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 8 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Searchlight Capital Partners GP, L.P. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,727,661 |
| 8 | SHARED VOTING POWER 0 | |
| 9 | SOLE DISPOSITIVE POWER 1,727,661 | |
| 10 | SHARED DISPOSITIVE POWER 0 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON PN |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 9 of 13 |
| 1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Searchlight Capital Partners GP, LLC | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☒ |
| 3 | SEC USE ONLY | |
| 4 | SOURCE OF FUNDS OO | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,727,661 |
| 8 | SHARED VOTING POWER 0 | |
| 9 | SOLE DISPOSITIVE POWER 1,727,661 | |
| 10 | SHARED DISPOSITIVE POWER 0 |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,661 | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% | |
| 14 | TYPE OF REPORTING PERSON OO |
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 10 of 13 |
This Amendment No. 1 (“Amendment No. 1”) to Schedule 13D amends and supplements the statement on Schedule 13D filed with the United States Securities and Exchange Commission on October 13, 2016 (the “Statement”), relating to GCI Liberty, Inc., formerly known as General Communication, Inc. Capitalized terms used herein without definition shall have the meaning set forth in the Statement.
On February 20, 2018, the Commissioner of the Department of Commerce, Community and Economic Development of the State of Alaska accepted for filing restated articles of the Issuer, which implement a reclassification of the Issuer’s common stock (the “GCI Reclassification”). Pursuant to the GCI Reclassification, the name of the Issuer was changed from General Communication, Inc. to GCI Liberty, Inc., each outstanding share of General Communication, Inc. Class A Common Stock was automatically reclassified into one share of GCI Liberty, Inc. Class A-1 Common Stock and each outstanding share of General Communication, Inc. Class B Common Stock was automatically reclassified into one share of GCI Liberty, Inc. Class B-1 Common Stock. Amendment No. 1 is being filed to report the changes to the Reporting Persons’ beneficial ownership interest in the Issuer resulting from the GCI Reclassification.
Item 1. Security and Issuer.
Item 1 is hereby amended by replacing all references to “Class A common stock” with “Class A-1 Common Stock” and replacing all references to “General Communication, Inc.” with “GCI Liberty, Inc.”
Item 2. Identity and Background.
No material change.
Item 3. Source or Amount of Funds or Other Consideration.
No material change.
Item 4. Purpose of Transaction.
No material change.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended by replacing all references to “5.1%” with “5.2%” and replacing all references to “shares of Class A common stock and Class B common stock of the Issuer” with “Common Stock.”
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 11 of 13 |
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
No material change.
Item 7. Material to Be Filed as Exhibits.
No material change.
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 12 of 13 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: February 26, 2018
| | Searchlight ALX, L.P. | ||
| | By: | Searchlight ALX GP, LLC, | |
| | | its general partner | |
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| | Searchlight ALX GP, LLC | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| | SC ALX, L.P. | ||
| | By: | Searchlight Capital Partners GP, L.P., | |
| | | its general partner | |
| By: | Searchlight Capital Partners GP, LLC, its general partner | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| | SC AIV ALX, L.P. | ||
| | By: | Searchlight Capital Partners GP, L.P., | |
| | | its general partner | |
| By: | Searchlight Capital Partners GP, LLC, its general partner | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| | Searchlight Capital PV, L.P. | ||
| | By: | Searchlight Capital Partners GP, L.P., | |
| | | its general partner | |
| By: | Searchlight Capital Partners GP, LLC, its general partner | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| CUSIP No. 36164V 107 | SCHEDULE 13D | Page 13 of 13 |
| | Searchlight/SIP Holdco SPV VIII (ALX), L.P. | ||
| | By: | Searchlight Capital Partners GP, L.P., | |
| | | its general partner | |
| By: | Searchlight Capital Partners GP, LLC, its general partner | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| | Searchlight Capital Partners GP, L.P. | ||
| By: | Searchlight Capital Partners GP, LLC, its general partner | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||
| | Searchlight Capital Partners GP, LLC | ||
| | By: | /s/ Eric Zinterhofer | |
| | | Name: Eric Zinterhofer | |
| Title: Authorized Person | |||