FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FLOWERS DAVID J A 		2. Issuer Name and Ticker or Trading Symbol

Liberty Media Corp [ LCAPA ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior Vice President
(Last)          (First)          (Middle)

12300 LIBERTY BLVD. 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/23/2011
(Street)

ENGLEWOOD, CO 80112
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 Liberty Capital Common Stock   9/23/2011     J (1)    111292   A   (1) 111292   D    
Series A Liberty Capital Common Stock   9/23/2011     J (1)    1412   A   (1) 1412   (2) I   By 401(k) Savings Plan  
Series A Liberty Starz Common Stock   9/23/2011     J (1)    5500   A   (1) 5500   D    
Series A Liberty Starz Common Stock   9/23/2011     J (1)    1539   A   (1) 1539   (2) I   By 401(k) Savings Plan  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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 Appreciation Right   $10.92   9/23/2011     J   (3)    10000         (4) 7/31/2013   Series A Liberty Capital Common Stock   10000   $ 0   10000   D    
Stock Appreciation Right   $9.95   9/23/2011     J   (3)    12500         (4) 8/6/2014   Series A Liberty Capital Common Stock   12500   $ 0   12500   D    
Stock Option (right to buy)   $15.96   9/23/2011     J   (3)    16900         (4) 3/29/2014   Series A Liberty Capital Common Stock   16900   $ 0   16900   D    
Stock Option (right to buy)   $17.26   9/23/2011     J   (3)    17141         (5) 12/24/2014   Series A Liberty Capital Common Stock   17141   $ 0   17141   D    
Stock Option (right to buy)   $3.57   9/23/2011     J   (3)    50466         (5) 12/16/2015   Series A Liberty Capital Common Stock   50466   $ 0   50466   D    
Stock Option (right to buy)   $23.28   9/23/2011     J   (3)    25048         (5) 12/17/2016   Series A Liberty Capital Common Stock   25048   $ 0   25048   D    
Stock Option (right to buy)   $34.39   9/23/2011     J   (3)    110901         (6) 3/19/2020   Series A Liberty Capital Common Stock   110901   $ 0   110901   D    
Stock Option (right to buy)   $24.36   9/23/2011     J   (3)    452         (4) 2/28/2013   Series A Liberty Starz Common Stock   452   $ 0   452   D    
Stock Option (right to buy)   $33.72   9/23/2011     J   (3)    2535         (4) 3/29/2014   Series A Liberty Starz Common Stock   2535   $ 0   2535   D    
Stock Option (right to buy)   $36.31   9/23/2011     J   (3)    3856         (5) 12/24/2014   Series A Liberty Starz Common Stock   3856   $ 0   3856   D    
Stock Option (right to buy)   $26.03   9/23/2011     J   (3)    16876         (5) 12/16/2015   Series A Liberty Starz Common Stock   16876   $ 0   16876   D    
Stock Option (right to buy)   $47.70   9/23/2011     J   (3)    14093         (5) 12/17/2016   Series A Liberty Starz Common Stock   14093   $ 0   14093   D    
Stock Option (right to buy)   $51.21   9/23/2011     J   (3)    56630         (6) 3/19/2020   Series A Liberty Starz Common Stock   56630   $ 0   56630   D    

Explanation of Responses:
( 1)  On September 23, 2011, Liberty Interactive Corporation (formerly known as Liberty Media Corporation, "Old Liberty") redeemed (the "Redemption") all of the shares of its Liberty Capital common stock and Liberty Starz common stock for shares of common stock of the Issuer (formerly known as Liberty CapStarz, Inc.). In the Redemption, Old Liberty redeemed (i) each outstanding share of its Series A Liberty Capital common stock for one share of the Issuer's Series A Liberty Capital common stock, (ii) each outstanding share of its Series B Liberty Capital common stock for one share of the Issuer's Series B Liberty Capital common stock, (iii) each outstanding share of its Series A Liberty Starz common stock for one share of the Issuer's Series A Liberty Starz common stock, and (iv) each outstanding share of its Series B Liberty Starz common stock for one share of the Issuer's Series B Liberty Starz common stock.
( 2)  The number of shares reported as held in the reporting person's 401(k) is based on a statement from the Plan Administrator dated as of August 31, 2011.
( 3)  All outstanding equity awards with respect to Old Liberty's Series A Liberty Capital common stock, Series B Liberty Capital common stock, Series A Liberty Starz common stock and Series B Liberty Starz common stock (each such equity award an "original equity award") were automatically converted into equity awards with respect to the Issuer's Series A Liberty Capital common stock, Series B Liberty Capital common stock, Series A Liberty Starz common stock and Series B Liberty Starz common stock, respectively (each such equity award a "new equity award"). Each new equity award remains subject to the terms and conditions of the corresponding original equity award.
( 4)  The derivative security is fully vested.
( 5)  The option vests quarterly over four years, starting on the grant date.
( 6)  The option vests in three equal installments on June 30, 2013, June 30, 2014 and December 31, 2015.

Remarks:
The trading symbol for the Issuer's Series A Liberty Capital Common Stock is LCAPA [LCPAD] and Series A Liberty Starz Common Stock is LSTZA [LSTAD]. Temporary trading symbols in effect from September 26, 2011 to September 30, 2011 are indicated in brackets.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FLOWERS DAVID J A
12300 LIBERTY BLVD.
ENGLEWOOD, CO 80112

Senior Vice President

Signatures
/s/ Charles Y. Tanabe as Attorney-in-Fact for David J.A. Flowers 9/27/2011
** 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).
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