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

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

(Print or Type Responses)
1. Name and Address of Reporting Person *
BENNETT ROBERT R
   2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [LMCA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
12300 LIBERTY BOULEVARD		 3. Date of Earliest Transaction (Month/Day/Year)
10/23/2014
(Street)

ENGLEWOOD, CO 80112		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 10/23/2014   M   3,706 A $ 1.07 735,619 D  
Series A Common Stock 10/23/2014   M   1,609 A $ 5.18 737,228 D  
Series A Common Stock 10/23/2014   M   996 A $ 8.86 738,224 D  
Series A Common Stock 10/23/2014   M   566 A $ 12.35 738,790 D  
Series C Common Stock 10/23/2014   M   7,412 A $ 1.07 1,471,238 (1) D  
Series C Common Stock 10/23/2014   M   3,218 A $ 5.18 1,474,456 D  
Series C Common Stock 10/23/2014   M   1,992 A $ 8.86 1,476,448 D  
Series C Common Stock 10/23/2014   M   1,132 A $ 12.35 1,477,580 D  
Series A Common Stock               21,585 I By Hilltop Investments, LLC
Series C Common Stock               43,170 (1) I By Hilltop Investments, LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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 Underlying Securities
(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 Option - LMCA (Right to Buy) $ 8.86 10/23/2014   M     996 (2)   (3) 12/16/2015 Series A Common Stock 996 $ 0 0 D  
Stock Option - LMCA (Right to Buy) $ 1.07 10/23/2014   M     3,706 (2)   (3) 12/16/2015 Series A Common Stock 3,706 $ 0 0 D  
Stock Option - LMCA (Right to Buy) $ 12.35 10/23/2014   M     566 (2)   (3) 12/24/2014 Series A Common Stock 566 $ 0 0 D  
Stock Option - LMCA (Right to Buy) $ 5.18 10/23/2014   M     1,609 (2)   (3) 12/24/2014 Series A Common Stock 1,609 $ 0 0 D  
Stock Option - LMCK (Right to Buy) $ 8.86 10/23/2014   M     1,992 (2)   (3) 12/16/2015 Series C Common Stock 1,992 $ 0 0 D  
Stock Option - LMCK (Right to Buy) $ 1.07 10/23/2014   M     7,412 (2)   (3) 12/16/2015 Series C Common Stock 7,412 $ 0 0 D  
Stock Option - LMCK (Right to Buy) $ 12.35 10/23/2014   M     1,132 (2)   (3) 12/24/2014 Series C Common Stock 1,132 $ 0 0 D  
Stock Option - LMCK (Right to Buy) $ 5.18 10/23/2014   M     3,218 (2)   (3) 12/24/2014 Series C Common Stock 3,218 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BENNETT ROBERT R
12300 LIBERTY BOULEVARD
ENGLEWOOD, CO 80112		   X      

Signatures

 /s/ Pamela L. Coe as Attorney-in-Fact for Robert R. Bennett   10/27/2014
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) On May 7, 2014, the Issuer's board of directors declared a stock dividend, payable to all holders of record as of 5:00 p.m. New York City time on July 7, 2014, of two shares of Series C Common Stock for each outstanding share of Series A Common Stock or Series B Common Stock (the "Transaction"). As a result of the Transaction, the reporting person (i) directly received 1,463,826 shares of Series C Common Stock, and (ii) indirectly received 43,170 shares of Series C Common Stock through his interest in Hilltop Investments, LLC.
(2) In connection with the Transaction, all equity awards held by the reporting person with respect to Series A and Series B Common Stock (each an "Original Award") were adjusted pursuant to the anti-dilution provisions of the incentive plans under which the equity awards were granted, such that the reporting person received (i) an adjustment to the exercise price or base price, as applicable, and (ii) an equity award relating to shares of Series C Common Stock. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
(3) The derivative security is fully vested.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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 OMB number.