QVC Group, Inc. — Director's Dealing 2010

Sep 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIBERTY MEDIA CORP (LCAPA)
CIK: 0001355096
Period of Report: 2010-09-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-10	Series A Liberty Capital Common Stock	M	71171	$14.74	Acquired	191640	Direct
2010-09-10	Series A Liberty Capital Common Stock	S	71171	$47.87	Disposed	120469	Direct
2010-09-10	Series A Liberty Capital Common Stock	M	1000	$14.74	Acquired	121469	Direct
2010-09-10	Series A Liberty Capital Common Stock	S	1000	$48.52	Disposed	120469	Direct
2010-09-10	Series A Liberty Capital Common Stock	M	15000	$11.93	Acquired	135469	Direct
2010-09-10	Series A Liberty Capital Common Stock	S	15000	$47.75	Disposed	120469	Direct
2010-09-10	Series A Liberty Capital Common Stock	M	9042	$11.27	Acquired	129511	Direct
2010-09-10	Series A Liberty Capital Common Stock	S	9042	$47.78	Disposed	120469	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-10	Stock Option (right to buy)	$14.74	M	72171	Disposed	2011-02-28	Series A Liberty Capital Common Stock (72171)	Direct
2010-09-10	Stock Option (right to buy)	$11.93	M	15000	Disposed	2012-08-02	Series A Liberty Capital Common Stock (15000)	Direct
2010-09-10	Stock Option (right to buy)	$11.27	M	9042	Disposed	2013-02-28	Series A Liberty Capital Common Stock (9042)	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 $47.50 to $48.46 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 price reflects a weighted average of sales made at prices ranging from $47.63 to $47.82 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.

F3: The price reflects a weighted average of sales made at prices ranging from $47.71 to $47.83 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.

F4: 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.

F5: 100% of the options exercised were exercisable on the transaction date.

F6: The options vested in full on 8/2/09.

F7: The options vested in full on 2/28/10.