- ------------------ U.S. SECURITIES AND EXCHANGE COMMISSION ---------------------------|
| F O R M 3 | Washington, D.C. 20549 | OMB APPROVAL |
- ------------------ |--------------------------|
INITIAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0104|
|Expires: December 31, 2001|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |Estimated avg. burden |
Section 17(a) of the Public Utility Holding Company Act of 1935 or |hours per response.....0.5|
Section 30(f) of the Investment Company Act 1940 ----------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Name and Address of Reporting Person* |2.Date of Event |4.Issuer Name and Ticker or Trading Symbol |
| | Requiring Statement | |
| | (Month/Day/Year) | UnitedGlobalCom, Inc. (UCOMA) |
| Cover Valerie L. | | (fka NewUnitedGlobalCom, Inc.) |
|----------------------------------------| |-----------------------------------------------------------------|
| (Last) (First) (MI)| 01/30/02 |5.Relationship of Reporting Person to |6.If Amendment, Date of |
| | | Issuer (Check all Applicable) | Original (Mon/Day/Year)|
| | | | |
| |-----------------------| Director 10% Owner | January 30, 2002 |
| 4643 South Ulster Street, Suite 1300 |3.IRS Identification |--- --- |-------------------------|
|----------------------------------------| Number of Reporting | |7.Individual or Joint/ |
| (Street) | Person, if an entity | X Officer (give Other | Group Filing |
| | (voluntary) |--- title --- (specify | (Check Applicable Line)|
| | | below) below) | X Form filed by One |
| | | |--- Reporting Person |
| | | | Form filed by More |
| | | Controller & Vice President | than One Reporting |
| Denver Colorado 80237 | | ------------------------------------- |--- Person |
|----------------------------------------|-----------------------------------------------------------------------------------------|
| (City) (State) (Zip) | |
| | TABLE I - Non-Derivative Securities Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security (Instr. 4) |2.Amount of Securities |3.Ownership |4.Nature of Indirect Beneficial |
| | Beneficially Owned | Form: | Ownership (Instr. 5) |
| | (Instr. 4) | Direct (D) | |
| | | or Indirect | |
| | | (I)(Instr.5)| |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
|Class A Common Stock | 28,184 | D | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
|Class A Common Stock | 3,613 | I |By 401(k) Plan |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
|------------------------------------------|-----------------------------|--------------|------------------------------------------|
| | | | |
| | | | |
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 1473 (7-97)
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).
PAGE: 1 OF 2
FORM 3 (continued) TABLE II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------
|1.Title of |2.Date Exercisable and |3.Title and Amount of Underlying |4.Conversion or |5. |6.Nature of |
| Derivative | Expiration Date | Derivative Security (Instr. 4) | Exercise Price |Own. | Indirect |
| Security | (Month/Day/Year) | | of Derivative |Form | Beneficial |
| (Instr. 4) | | | Security |of | Ownership |
| | | | |Deri.| (Instr. 5) |
| | | | |Sec. | |
| | | | |Dir. | |
| | | | |(D) | |
| |-----------------------------|--------------------------------------| |or | |
| |Date |Expiration | |Amount or Number | |Ind. | |
| |Exercisable |Date | Title |of Shares | |(I) | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
| | | | | | | | |
|Stock Option | Immed. | 07/22/03 | Class A Common | 38,000 | $4.75 | D | |
|(right to buy) | | | Stock | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
|Stock Option | Immed. | 12/20/06 | Class A Common | 18,000 | $6.375 | D | |
|(right to buy) | | | Stock | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
|Stock Option | Immed. | 12/19/07 | Class A Common | 70,000 | $5.4375 | D | |
|(right to buy) | | | Stock | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
|Stock Option | Immed. | 12/20/07 | Class A Common | 16,000 | $5.4375 | D | |
|(right to buy) | | | Stock | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
|Stock Option | (1) | 06/11/09 | Class A Common | 30,000 | $19.2813 | D | |
|(right to buy) | | | Stock | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
|Stock Option | (2) | 12/06/09 | Class A Common | 50,000 | $14.8125 | D | |
|(right to buy) | | | Stock | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
| | | | | | | | |
| | | | | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
| | | | | | | | |
| | | | | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
| | | | | | | | |
| | | | | | | | |
|-------------------|--------------|--------------|-------------------|------------------|-------------------|-----|---------------|
| | | | | | | | |
| | | | | | | | |
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) The option is exercisable in 48 equal monthly installments commencing on June 11, 1999.
(2) The option is exercisable in 48 equal monthly installments commencing on December 6, 2000.
**Intentional misstatements or omissions of facts constitute Federal /s/ Valerie L. Cover March 5, 2002
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- -----------------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed. Valerie L. Cover
If space provided is insufficient, see Instruction 6 for procedure. SEC 1473 (7-97)
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMD Number.
PAGE: 2 OF 2