QVC Group, Inc. — Director's Dealing 2010

Sep 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIBERTY MEDIA CORP (LCAPA)
CIK: 0001355096
Period of Report: 2010-09-13

Reporting Person: FLOWERS DAVID J A (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-13	Series A Liberty Capital Common Stock	M	1672	$14.74	Acquired	122141	Direct
2010-09-13	Series A Liberty Capital Common Stock	S	1672	$48.00	Disposed	120469	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-13	Stock Option (right to buy)	$14.74	M	1672	Disposed	2011-02-28	Series A Liberty Capital Common Stock (1672)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Liberty Capital Common Stock	1417	Indirect

Footnotes

F1: The price reflects a weighted average of sales made at prices ranging from $47.99 to $48.01 inclusive. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, information regarding the number of shares sold at each separate price.

F2: The number of shares represents equivalent shares based on the fair market value of the shares of Series A Liberty Capital Common Stock held by the unitized stock fund under the Issuer's 401(k) Savings Plan based on a report from the Plan Administrator dated as of August 31, 2010. The Reporting Person has an interest in the unitized fund, which holds shares of the Issuer's Series A Liberty Starz Common Stock, Series A Liberty Interactive Common Stock, Series A Liberty Capital Common Stock and short-term investments.

F3: 100% of the options exercised were exercisable on the transaction date.