{"transactions":[{"id":3680394,"issuer":{"id":160675,"kind":"organization","name":"Pandora Media, LLC","symbol":"P"},"owners":[{"id":3564,"kind":"organization","name":"SIRIUS XM HOLDINGS INC.","symbol":"(SIRI)","position":1,"cik":"0000908937","reported_name":"SIRIUS XM HOLDINGS INC.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":153267,"kind":"organization","name":"LIBERTY MEDIA CORPORATION","symbol":"FWONK","position":2,"cik":"0000869614","reported_name":"LIBERTY MEDIA CORPORATION","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":160714,"kind":"person","name":"Sirius XM Radio Inc.","position":3,"cik":"0001592709","reported_name":"Sirius XM Radio Inc.","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Series A Convertible Preferred Stock","published_at":"2019-02-01T16:55:25.000Z","date":"2019-02-01","kind":"disposition_to_issuer","acquired":false,"shares":480000,"ownership":{"direct":false,"nature":"See footnotes"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"The number of shares of common stock, having par value of $0.0001 per share (the \"Common Stock\"), of Pandora Media, Inc. (the \"Issuer\") deliverable upon conversion of each share of Series A Convertible Preferred Stock of the Issuer (the \"Preferred Stock\"), was equal to the then current liquidation value, plus accrued but unpaid dividends, divided by approximately $10.50, subject to customary anti-dilution adjustments. Any conversion of Preferred Stock could be settled by the Issuer, at its option, in shares of Common Stock, cash or any combination thereof. Holders of the Preferred Stock were entitled to a cumulative dividend at the rate of 6.0% per annum, payable quarterly in arrears, if and when declared, which, at the Issuer's option, was payable in cash or added to the liquidation value. Following September 22, 2020, the Issuer could have redeemed the Preferred Stock if certain conditions were met."},{"field":"kind","element":"transactionCoding","label":"F2","text":"On February 1, 2019, Sirius XM Holdings Inc. (\"Sirius XM Holdings\") acquired the Issuer pursuant to that certain Agreement and Plan of Merger and Reorganization entered into by and among the Issuer, Sirius XM Holdings, White Oaks Acquisition Corp., a wholly-owned subsidiary of Sirius XM Holdings, Sirius XM Radio Inc., a wholly-owned subsidiary of Sirius XM Holdings (\"Sirius XM Radio\"), Billboard Holding Company, Inc., a wholly-owned subsidiary of the Issuer, and Billboard Acquisition Sub, Inc., a wholly-owned subsidiary of Billboard Holding Company, Inc., dated as of September 23, 2018 (the \"Merger Agreement\"). Pursuant to the terms of the Merger Agreement, each outstanding share of Preferred Stock was canceled for no consideration."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"On February 1, 2019, Sirius XM Holdings Inc. (\"Sirius XM Holdings\") acquired the Issuer pursuant to that certain Agreement and Plan of Merger and Reorganization entered into by and among the Issuer, Sirius XM Holdings, White Oaks Acquisition Corp., a wholly-owned subsidiary of Sirius XM Holdings, Sirius XM Radio Inc., a wholly-owned subsidiary of Sirius XM Holdings (\"Sirius XM Radio\"), Billboard Holding Company, Inc., a wholly-owned subsidiary of the Issuer, and Billboard Acquisition Sub, Inc., a wholly-owned subsidiary of Billboard Holding Company, Inc., dated as of September 23, 2018 (the \"Merger Agreement\"). Pursuant to the terms of the Merger Agreement, each outstanding share of Preferred Stock was canceled for no consideration."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"The number of shares of common stock, having par value of $0.0001 per share (the \"Common Stock\"), of Pandora Media, Inc. (the \"Issuer\") deliverable upon conversion of each share of Series A Convertible Preferred Stock of the Issuer (the \"Preferred Stock\"), was equal to the then current liquidation value, plus accrued but unpaid dividends, divided by approximately $10.50, subject to customary anti-dilution adjustments. Any conversion of Preferred Stock could be settled by the Issuer, at its option, in shares of Common Stock, cash or any combination thereof. Holders of the Preferred Stock were entitled to a cumulative dividend at the rate of 6.0% per annum, payable quarterly in arrears, if and when declared, which, at the Issuer's option, was payable in cash or added to the liquidation value. Following September 22, 2020, the Issuer could have redeemed the Preferred Stock if certain conditions were met."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"The number of shares of common stock, having par value of $0.0001 per share (the \"Common Stock\"), of Pandora Media, Inc. (the \"Issuer\") deliverable upon conversion of each share of Series A Convertible Preferred Stock of the Issuer (the \"Preferred Stock\"), was equal to the then current liquidation value, plus accrued but unpaid dividends, divided by approximately $10.50, subject to customary anti-dilution adjustments. Any conversion of Preferred Stock could be settled by the Issuer, at its option, in shares of Common Stock, cash or any combination thereof. Holders of the Preferred Stock were entitled to a cumulative dividend at the rate of 6.0% per annum, payable quarterly in arrears, if and when declared, which, at the Issuer's option, was payable in cash or added to the liquidation value. Following September 22, 2020, the Issuer could have redeemed the Preferred Stock if certain conditions were met."},{"field":"derivative.underlying_shares","element":"underlyingSecurityShares","label":"F1","text":"The number of shares of common stock, having par value of $0.0001 per share (the \"Common Stock\"), of Pandora Media, Inc. (the \"Issuer\") deliverable upon conversion of each share of Series A Convertible Preferred Stock of the Issuer (the \"Preferred Stock\"), was equal to the then current liquidation value, plus accrued but unpaid dividends, divided by approximately $10.50, subject to customary anti-dilution adjustments. Any conversion of Preferred Stock could be settled by the Issuer, at its option, in shares of Common Stock, cash or any combination thereof. Holders of the Preferred Stock were entitled to a cumulative dividend at the rate of 6.0% per annum, payable quarterly in arrears, if and when declared, which, at the Issuer's option, was payable in cash or added to the liquidation value. Following September 22, 2020, the Issuer could have redeemed the Preferred Stock if certain conditions were met."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Reflects securities directly held by Sirius XM Radio. Sirius XM Holdings is the sole stockholder of Sirius XM Radio. After giving effect to the transactions contemplated by the Merger Agreement, Liberty Media Corporation beneficially owns, directly and indirectly, approximately 67% of the outstanding common stock of Sirius XM Holdings."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F4","text":"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Persons are or were the beneficial owners of any securities reported herein."}],"balance_after":0,"derivative":{"underlying":"Common Stock","underlying_shares":48426718},"source":{"system":"sec-edgar","filing":"0000930413-19-000292","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/869614/000093041319000292/ownership.xml","form_type":"4"}}]}