QVC Group, Inc. — Director's Dealing 2010

Nov 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIBERTY MEDIA CORP (LCAPA)
CIK: 0001355096
Period of Report: 2010-11-08

Reporting Person: SHEAN CHRISTOPHER W (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-08	Series A Liberty Capital Common Stock	M	12500	$10.92	Acquired	37209	Direct
2010-11-08	Series A Liberty Capital Common Stock	F	5981	$59.69	Disposed	31228	Direct
2010-11-08	Series A Liberty Capital Common Stock	S	6519	$59.64	Disposed	24709	Direct
2010-11-08	Series A Liberty Capital Common Stock	M	12500	$9.95	Acquired	37209	Direct
2010-11-08	Series A Liberty Capital Common Stock	F	6363	$59.69	Disposed	30846	Direct
2010-11-08	Series A Liberty Capital Common Stock	S	6137	$59.64	Disposed	24709	Direct
2010-11-08	Series A Liberty Capital Common Stock	S	3024	$59.68	Disposed	21685	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-08	Stock Appreciation Rights	$10.92	M	12500	Disposed	2013-07-31	Series A Liberty Capital Common Stock (12500)	Direct
2010-11-08	Stock Appreciation Rights	$9.95	M	12500	Disposed	2014-08-06	Series A Liberty Capital Common Stock (12500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Liberty Capital Common Stock	3717	Indirect

Footnotes

F1: The shares withheld by the Issuer were calculated on the spread between the price of the SAR and the market price on the date the SAR was exercised. The payment of withholding taxes for the SARs that were exercised on 11/8/10 is also included in this number.

F2: The price reflects a weighted average of sales made at prices ranging from $59.57 to $59.66. 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.

F3: The price reflects a weighted average of sales made at prices ranging from $59.66 to $59.69. 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.

F4: The number of shares reported as held in the reporting person's 401(k) is based on a plan statement from the Plan Administrator for the Issuer's 401(k) Savings Plan dated as of October 31, 2010.