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* TOUCHARD RONALD C (Last) (First) (Middle) 600 ANTON BLVD, 11TH FLOOR (Street) COSTA MESA CA 92626 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol LIBERTY DIVERSIFIED HOLDINGS INC [ LDHI.OB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) CEO
	3. Date of Earliest Transaction (Month/Day/Year) 01/04/2006
	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
Common Stock	01/04/2006		C		2,900,000	A	(1)	2,903,500	I	See Footnote(1)
Common Stock	01/04/2006		C		300,000	A	(2)	300,000	I	See Footnote(2)

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
Series C Preferred	(3)	01/04/2006		C			14,500	(3)	(3)	Common Stock	2,900,000	(3)	2,885,500	I	See Footnote(3)
Series B Preferred	(4)	01/04/2006		C			100,000	(4)	(4)	Common Stock	100,000	(4)	0	D
Series A Preferred	(5)	01/04/2006		C			200,000	(5)	(5)	Common Stock	200,000	(5)	2,800,000	I	See Footnote(5)

Explanation of Responses:

1. Series C Preferred to Common Stock. Ronald C. Touchard indirectly ownership as trustee for Ronald C. Touchard Separate Property Trust.

2. Series A Preferred and Series B Preferred converted into Common Stock. Held in name of Ronald C. Touchard's spouse, Misty Touchard.

3. Shares of Series C Preferred held as Trustee of Ronald C. Touchard Separate Property Trust converted at rate of 200:1. Series C Preferred exercisable at any time with no expiration date.

4. Series B Preferred shares, exercisable at any time with no expiration date, held in name of Misty Touchard, converted at rate of 1:1.

5. Shares of Series A Preferred, exercisable at any time with no expiration date, held in name of spouse, Misty Touchard, converted at rate of 1:1. Ron Touchard beneficially owns 2,800,000 Shares of Series A Preferred as Trustee of Ronald C. Touchard Separate Property Trust.

	Ron Touchard	01/11/2006
	** 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).
** 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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