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Filing Details

Accession Number:: 0001209191-14-060547
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-10-01 17:30:30
Reporting Period:: 2014-09-29

Filing Date:: 2014-10-01
Accepted Time:: 2014-10-01 16:30:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
808461	General Communication Inc	GNCMA	Telephone Communications (No Radiotelephone) (4813)	920072737

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1429074	Mast Capital Management Llc	200 Clarendon Street 51St Floor Boston MA 02116		No	No	Yes	No
1429076	J. David Steinberg	200 Clarendon Street 51St Floor Boston MA 02116		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2014-09-29	15,000	$10.98	413,325	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	979,748	Indirect	See Footnote
Class A Common Stock	1,670,861	Indirect	See Footnote
Class A Common Stock	994,474	Indirect	See Footnote

Footnotes

The filing of this Form 4 shall not be construed as an admission that MAST Capital Management, LLC ("MAST Capital") or David J. Steinberg, the principal of MAST Capital, is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Class A common stock (the "Common Stock") of General Communication, Inc. (the "Issuer") purchased by certain private investment funds advised by MAST Capital (collectively, the "MAST Accounts"). Pursuant to Rule 16a-1, both MAST Capital and Mr. Steinberg disclaim such beneficial ownership except to the extent of such person's pecuniary interest.
Mast Admiral Master Fund LP, for which MAST Capital is the investment manager, holds 413,325 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
Mast Credit Opportunities I Master Fund Limited, for which MAST Capital is the investment manager, holds 979,748 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
Mast OC I Master Fund LP, for which MAST Capital is the investment manager, holds 1,670,861 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
Mast Select Opportunities Master Fund LP, for which MAST Capital is the investment manager, holds 994,474 shares of Common Stock of the Issuer. David J. Steinberg reports the Common Stock held indirectly by MAST Capital because, as the principal of MAST Capital at the time of purchase, he controlled the disposition and voting of the securities. MAST Capital has the right to an asset-based fee relating the above fund.
The sale price represents a weighted average of the sales price for multiple transactions on the same trading day. The range of sales prices was $10.95 to $11.01. The Reporting Persons will provide upon request by the comission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.