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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Liberty Media Corporation
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(Last) (First) (Middle)
9197 South Peoria Street
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(Street)
Englewood, CO 80112
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
General Instrument Corporation (GIC)
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3. IRS or Identification Number of Reporting Person if an entity
(Voluntary)
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4. Statement for Month/Year April 1999
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5. If Amendment, Date of Original (Month/Year) 3/99
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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____ Form filed by More than One Reporting Person
TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 4/5/99 P 10,000,000 A $28/share 36,284,000(1) D;1(2) See (2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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* If this form is filed by more than one reporting person, see Instruction
4(b)(v).
FORM 4 (continued)
TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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TABLE II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)--CONTINUED
<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Secu- ficial
(Instr. ficially rity: Owner-
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Date Expira- Amount or at End (D) or (Instr.
Exer- tion Title Number of of Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
See Annex A attached
**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 provided is insufficient, see Instruction 6 for procedure.
LIBERTY MEDIA CORPORATION
By: /s/ Charles Y. Tanabe 5/7/99
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Name: Charles Y. Tanabe Date
Title: Senior Vice President
Page 2
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ANNEX A
#1. Name and Address of Reporting Person:
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Liberty Media Corporation
9197 South Peoria Street
Englewood, CO 80112
#2. Issuer Name and Ticker or Trading Symbol:
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General Instrument Corporation
GIC
#4. Transaction Date:
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4/5/99
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Explanation of Responses (footnotes):
(1) Includes (i) 21,356,000 shares of Common Stock of the Issuer owned by a
subsidiary of the Reporting Person (the "Original Shares"); (ii) 10,000,000
shares of Common Stock of the Issuer owned directly by the Reporting Person (the
"New Shares"); and (iii) 4,928,000 shares of Common Stock of the Issuer issuable
upon the exercise of vested warrants (the "Warrants") to purchase shares of
Common Stock, owned by the Reporting Person (such shares of Common Stock
issuable upon exercise of the Warrants, the "Warrant Shares" and, collectively
with the Original Shares and the New Shares, the "Shares").
Liberty Media Corporation, a Delaware corporation (the "Reporting Person"),
is filing this Report on Form 4 with respect to the New Shares. The Reporting
Person previously filed a Report on Form 3 with respect to its acquisition of
beneficial ownership of the Original Shares and the Warrant Shares in connection
with the Merger (as defined below). Tele-Communications, Inc. ("TCI"), as the
corporate parent entity of the Reporting Person, had previously filed Reports on
Form 3 and Form 4 with respect to its beneficial ownership of the Original
Shares and the Warrant Shares.
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The Reporting Person succeeded to the beneficial ownership of the Original
Shares and the Warrant Shares as a result of the merger (the "Merger") of Italy
Merger Corp., a wholly owned subsidiary of AT&T Corp. ("AT&T"), with and into
TCI. In the Merger, (i) TCI became a wholly owned subsidiary of AT&T, (ii) the
businesses and assets of TCI's Liberty Media Group and TCI Ventures Group were
combined and (iii) the holders of TCI's Liberty Media Group common stock and TCI
Ventures Group common stock received in exchange for their shares a new class of
common stock of AT&T intended to reflect the results of the combined Liberty
Media Group and TCI Ventures Group. Following the Merger, AT&T's "Liberty Media
Group" consists of the assets and businesses of TCI's Liberty Media Group and
its TCI Ventures Group prior to the Merger, except for certain assets which were
transferred to the TCI Group in connection with the Merger, and its "Common
Stock Group" consists of all of the other assets and businesses of AT&T.
The Board of Directors and management of the Reporting Person manages the
business and affairs of the Reporting Person, including, but not limited to,
making determinations regarding the disposition and voting of the Shares.
Although the Reporting Person is a wholly owned subsidiary of AT&T, a majority
of the Reporting Person's Board of Directors consist of individuals designated
by TCI prior to the Merger. If these individuals or their designated successors
cease to constitute a majority of the Reporting Person's Board, the Reporting
Person will transfer all of its assets and businesses to a new entity. Although
this new entity would be owned substantially by AT&T, it would continue to be
managed (including with respect to the voting and disposition of the Shares) by
management of the Reporting Person prior to such transfer of assets.
As a result, the Reporting Person, acting through its Board of Directors
and management, will have the power to determine how the Shares will be voted
and, subject to the limitations of the Delaware General Corporation Law, will
have the power to dispose of the Shares, and thus is considered the beneficial
owner of the Shares for purposes of Section 16.
(2) The New Shares are owned directly by the Reporting Person.
The Original Shares are owned by TCIVG-GIC, Inc., a wholly owned subsidiary
of the Reporting Person, and the Warrants are owned directly by the Reporting
Person.
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