Let $F= \frac{G}{H} : \mathbb P^n \to \mathbb P^1$ be a non-constant rational function ($G$ and $H$ homogenous polynomials of the same degree in $\mathbb C^{n+1})$. The fiber over $(\lambda:\mu) \in \mathbb P^1$ is completely decomposable if all the irreducible factors of the polynomial $\mu G - \lambda H$ are linear polynomials. In a joint work with Sergey Yuzvinsky, we proved that when $n=4$ either (a) $F$, after a linear change of coordinates, belongs to $\mathbb C(x_0,x_1,x_2,x_3)$; or (b) $F$ has at most three completely decomposable fibers.

We couldn't come up with an example not satisfying (a), but with three completely decomposable fibers. Is anyone aware of an example like that ?

**Almost one year later**: Let me describe the known examples of rational functions on $\mathbb P^3$ with three completely decomposable fibers. For every natural number $d \ge 1$, consider the rational function $F_d : \mathbb P^3 \to \mathbb P^1$ defined as
$$
F_d(x_0:x_1:x_2:x_3) = \frac{(x_0^d - x_1^d)(x_2^d - x_3^d)}{(x_0^d - x_2^d)(x_1^d - x_3^d)} .
$$
Clearly the fibers over $(0:1)$ and $(1:0)$ are completely decomposable. The fiber
over $(-1:1)$ is also completely decomposable since
$$
F^{-1}(1:-1) = \lbrace (x_0^d - x_3^d)(x_1^d - x_2^d) = 0 \rbrace \, .
$$

For $d=1$, $F_d$ can be written in fewer variables, but for $d \ge 2$ this is not the case.