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Liberty Interactive Announces Semi-Annual Payment On 3.5% Senior Exchangeable Debentures Due 2031 And Changes To Date In Adjusted Principal Amount

Stocks in this article: LINTA LINTB

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive Corporation (Nasdaq: LINTA, LINTB), announced a semi-annual payment to the holders of its 3.5% Senior Exchangeable Debentures due in 2031 (the "Debentures"). The amount of the payment is $17.50 per $1,000 of original principal amount of the Debentures.

History of Changes to Reference Securities

                         
Date

(on or about)

      Corporate Event       Reference Securities

Underlying Debenture

      Shares per Bond
7/15/2001       Debenture issuance       Motorola Inc.       36.8189
12/2/2004      

Motorola spins-offFreescale Semiconductorto shareholders

      Motorola Inc.

Freescale (Class B)

      36.8189 MOT

4.0654 FSL.B

12/4/2006      

Freescale taken private at$40 per share

      Motorola Inc.       36.8189 MOT
1/4/2011      

Motorola Inc. changesname, splits-off MotorolaMobility and effectsreverse stock split

      Motorola Solutions

Motorola Mobility

      5.2598 MSI

4.6024 MMI

5/22/2012      

Google buys MotorolaMobility for $40 per share

      Motorola Solutions       5.2598 MSI
                 

Changes to Principal Amount

Under the Indenture for the Debentures, the principal amount of the Debentures is adjusted in an amount equal to each extraordinary distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 3.5% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular extraordinary distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that extraordinary distribution.

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