SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DVORAK BERNARD G

(Last)

(First)

(Middle)

12300 LIBERTY BLVD.

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Liberty Global, Inc. [ LBTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr Vice President & Co-CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Common Stock	10/06/2005		M		8,511	A	$17.16	8,511	D
Series A Common Stock	10/06/2005		S		1,839	D	$26.76	6,672	D
Series A Common Stock	10/06/2005		S		6,472	D	$26.78	200	D
Series A Common Stock	10/06/2005		S		200	D	$26.77	0	D
Series C Common Stock	10/06/2005		M		8,511	A	$16.25	8,511	D
Series C Common Stock	10/06/2005		S		3,711	D	$25.7	4,800	D
Series C Common Stock	10/06/2005		S		2,000	D	$25.71	2,800	D
Series C Common Stock	10/06/2005		S		200	D	$25.73	2,600	D
Series C Common Stock	10/06/2005		S		2,600	D	$25.74	0	D
Series A Common Stock								510	I	by 401(k) Plan
Series C Common Stock								510	I	by 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$17.16⁽¹⁾	10/06/2005		M			8,511	⁽²⁾	06/22/2014	Series A Common	8,511	$0	34,043	D
Stock Option (right to buy)	$16.25⁽¹⁾	10/06/2005		M			8,511	⁽²⁾	06/22/2014	Series C Common	8,511	$0	34,043	D

Explanation of Responses:

1. On September 6, 2005, the Issuer distributed shares of its Series C common stock as a dividend at a rate of one share of Series C common stock for every share of Issuer's common stock outstanding as of August 26, 2005. As a result, the Reporting Person's SAR grants were adjusted for the dividend by adjusting the exercise price of the original SAR grant between a SAR grant based on Series A common stock and a SAR grant based on Series C common stock.

2. The option vests in five equal annual installments commencing June 22, 2005.

Remarks:

The trading symbols for the Issuer's Series A, Series B and Series C common stock are LBTYA, LBTYB and LBTYK, respectively.

	Bernard G. Dvorak	10/07/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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