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* MARKOWSKI ELIZABETH 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) Senior VP & Secretary
	3. Date of Earliest Transaction (Month/Day/Year) 07/14/2005
	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)
			Code	V	Amount	(A) or (D)	Price
Series A common stock	06/15/2005		A		3,923	A	(1)(2)	3,923	D
Series A common stock	06/15/2005		A		136	A	(1)(2)	136	I	by spouse(3)
Series A common stock	06/15/2005		A		388	A	(1)(4)	388	I	by 401(k) Plan
Series A common stock	07/14/2005		A		5,000	A	$0	8,923	D

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)	$33.92	06/15/2005		A		54,554		(6)	08/08/2010	Series A common	54,554	(1)(7)	54,554	D
Stock Option (right to buy)	$33.92	06/15/2005		A		10,911		(8)	02/28/2011	Series A common	10,911	(1)(7)	10,911	D
Stock Option (right to buy)	$33.41	06/15/2005		A		63,830		(9)	06/22/2014	Series A common	63,830	(1)(7)	63,830	D
Stock Option (right to buy)	$33.92	06/15/2005		A		3,410		(10)	02/13/2011	Series A common	3,410	(1)(7)	3,410	D
Stock Option (right to buy)	$33.92	06/15/2005		A		13,298		(11)	07/31/2013	Series A common	13,298	(1)(7)	13,298	D
Stock Option (right to buy)	$46.75	07/14/2005		A		85,000		(5)	07/14/2012	Series A common	85,000	$0	85,000	D

Explanation of Responses:

1. This transaction is being reported on this Form 4 in accordance with Rule 16a-2(a) promulgated under the Exchange Act.

2. Received in exchange for an equivalent number of shares of Liberty Media International, Inc. ("LMI") Series A common stock in connection with the merger of UnitedGlobalCom, Inc. ("UGC") and LMI, respectively, with subsidiaries of the Issuer (the "Merger") at an exchange rate of one of the Issuer's Series A common stock for each share of LMI Series A common stock (having a market value of $44.38).

3. The Reporting Person disclaims beneficial ownership of these shares owned by her spouse.

4. Received in the Merger in exchange for 259 shares of LMI Series A common stock and 133 shares of UGC Class A common stock. The remaining shares were contributed by Issuer under the 401(k) Plan as of June 30, 2005.

5. 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.

6. The option vests in five equal annual installments commencing August 8, 2001.

7. Received in the Merger in exchange for an option to acquire an equivalent number of shares of LMI Series A common stock at the same exercise price.

8. The option vests in four equal annual installments commencing February 28, 2003.

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

10. The option vests in five equal annual installments commencing February 13, 2002.

11. The option vests in five equal annual installments commencing July 31, 2004.

Remarks:

The trading symbols for the Issuer's Series A and Series B Common Stock are LBTYA and LBTYB, respectively.

	Elizabeth M. Markowski	07/18/2005
	** Signature of Reporting Person	Date
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