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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Blair Amy M (Last) (First) (Middle) 12300 LIBERTY BOULEVARD (Street) ENGLEWOOD CO 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
	3. Date of Earliest Transaction (Month/Day/Year) 05/02/2006
	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)
			Code	V	Amount	(A) or (D)	Price
Series A common stock	05/02/2006		A		8,750	A	$0	9,088	D
Series C common stock	05/02/2006		A		8,750	A	$0	9,022	D
Series C common stock	03/31/2006		J(1)		869	A	$0	2,599	I	by 401(k) Plan
Series A common stock								1,551	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$20.48	05/02/2006		A		25,000		(2)	05/02/2013	Series A Common	25,000	$0	25,000	D
Stock Option (right to buy)	$19.92	05/02/2006		A		25,000		(2)	05/02/2013	Series C Common	25,000	$0	25,000	D
Stock Option (right to buy)	$22.73	08/26/2005		J(3)		45,000		(4)	07/14/2012	Series C Common	45,000	$0	45,000	D
Stock Option (right to buy)	$16.88	08/26/2005		J(3)		32,325		(5)	11/03/2014	Series C Common	32,325	$0	32,325	D
Stock Appreciation Rights	$10.31	08/26/2005		J(3)		11,098		(6)	10/01/2013	Series C Common	11,098	$0	11,098	D
Stock Appreciation Rights	$16.66	08/26/2005		J(3)		43,100		(7)	05/06/2014	Series C Common	43,100	$0	43,100	D
Stock Option (right to buy)	$10.31	08/26/2005		J(3)		6,074		12/19/2001	12/19/2007	Series C Common	6,074	$0	6,074	D

Explanation of Responses:

1. The Reporting Person received 869 shares of Series C common stock as contributed by Issuer under its 401(k) Plan as of March 31, 2006.

2. The option provides for vesting of 12.5% of the shares on November 2, 2006, and the remaining shares in 14 equal quarterly installments commencing February 2, 2007.

3. 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 common stock outstanding as of August 26, 2005. As a result, the Reporting Person received shares of Series C common stock based on her shares of common stock and her stock option grants were adjusted for the dividend by allocating the exercise price of the original stock option grant between a stock option grant based on Series A common stock and a stock option grant based on Series C common stock.

4. The option provides for vesting of 12.5% of the shares on January 14, 2006, and the remaining shares in 14 equal quarterly installments commencing April 14, 2006.

5. The option provides for vesting of 10% of the shares on May 3, 2005, and the remaining shares in 18 equal quarterly installments commencing August 3, 2005.

6. The SARs vest in five equal annual installments commencing October 1, 2004.

7. The SARs vest in five equal annual installments commencing May 6, 2005.

Remarks:

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

	Amy M. Blair	05/03/2006
	** 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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