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*
MALONE JOHN C	

(Last)	(First)	(Middle)	
12300 LIBERTY BLVD.	

(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) 
X	Director	X	10% Owner	
X	Officer (give title below)		Other (specify below)	
Chairman of the Board	
		
	3. Date of Earliest Transaction (Month/Day/Year)
11/13/2009 		
	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 B Common Stock	11/13/2009		M		1,568,562	A	$20.1 	7,783,433	D		
Series B Common Stock	11/13/2009		M		213,825	A	$20.05 	7,997,258	D		
Series B Common Stock	11/13/2009		M		397,102	A	$19.85 	8,394,360	D		
Series C Common Stock	11/13/2009		F(1) 		2,044,818	D	$21.37 	2,667,727	D		
Series B Common Stock								78,299(2)(3) 	I	by a trust	
Series B Common Stock								204,566(4) 	I	by spouse	
Series C Common Stock								848,946(2) 	I	by a trust	
Series C Common Stock								294,869(4) 	I	by spouse	
Series C Common Stock								198(5) 	I	by a trust	
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)	$20.1 	11/13/2009		M			1,568,562	(6) 	06/22/2014	Series B common	1,568,562	$0 	0	D		
Stock Option (right to buy)	$20.05 	11/13/2009		M			213,825	(6) 	02/28/2011	Series B common	213,825	$0 	0	D		
Stock Option (right to buy)	$19.85 	11/13/2009		M			397,102	(6) 	02/28/2011	Series B common	397,102	$0 	0	D		
Explanation of Responses:	
1. Stock delivered in payment of option exercise price.	
2. Held by a charitable remainder unitrust of which the Reporting Person is sole trustee and retains a unitrust interest in the trust.	
3. On a quarterly basis from September 30, 2008 to June 30, 2009, the trust distributed to the Reporting Person in an aggregate of 348,966 shares of the Issuer's Series B common stock (based on the average of the high and the low trading price of such shares on the trading date prior to each such quarterly distribution) in satisfaction of the trust's payment obligation to the Reporting Person.	
4. Reporting Person disclaims beneficial ownership of these shares owned by his spouse.	
5. Held by a charitable remainder unitrust of which the Reporting Person is sole trustee and, with his spouse, retains a unitrust interest in the trust.	
6. The option is 100% vested.	
Remarks:	
The trading symbols for Issuer's Series A, Series B, and Series C common stock are LBTYA, LBTYB, and LBTYK, respectively.	
	John C. Malone	11/17/2009	
	** 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).	
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.