President, CEO Maffei Gregory B exercised 138,899 units of Series C Liberty Formula One Common Stock at a strike of $31.31, covered exercise/tax liability with 86,498 units of Series C Liberty Formula One Common Stock, exercised 168,514 units of Series C Liberty Live Common Stock at a strike of $44.64, sold $2,536,732 worth of Series C Liberty Live Common Stock (35,463 units at $71.53) and covered exercise/tax liability with 133,051 units of Series C Liberty Live Common Stock, increasing direct ownership by 7% to 1,107,734 units (SEC Form 4)