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

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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *
CHANG DEREK
 2. Issuer Name and Ticker or Trading Symbol
Liberty Media Corp [LSXMA] 		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)
12/08/2022
(Street)

ENGLEWOOD, CO 80112
(City)
(State)
(Zip)
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

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



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 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

Restricted Stock Units-BATRK

 (1) 12/08/2022 A 120 12/08/202312/08/2023

Series C Liberty Braves Common Stock

120 $ 0 120D 

Restricted Stock Units-FWONK

 (2) 12/08/2022 A 511 12/08/202312/08/2023

Series C Liberty Formula One Common Stock

511 $ 0 511D 

Restricted Stock Units-LSXMK

 (3) 12/08/2022 A 725 12/08/202312/08/2023

Series C Liberty SiriusXM Common Stock

725 $ 0 725D 

Stock Option (Right to Buy) - BATRK

 $32.7612/08/2022 A 315 12/08/202312/08/2029

Series C Liberty Braves Common Stock

315 $ 0 315D 

Stock Option (Right to Buy) - FWONK

 $59.9712/08/2022 A 1,278 12/08/202312/08/2029

Series C Liberty Formula One Common Stock

1,278 $ 0 1,278D 

Stock Option (Right to Buy) - LSXMK

 $41.6912/08/2022 A 2,261 12/08/202312/08/2029

Series C Liberty SiriusXM Common Stock

2,261 $ 0 2,261D 

Explanation of Responses:
1.

Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Braves Common Stock.

2.

Each restricted stock unit represents a contingent right to receive one share of Series C Liberty Formula One Common Stock.

3.

Each restricted stock unit represents a contingent right to receive one share of Series C Liberty SiriusXM Common Stock.



Signatures

/s/ Brittany A. Uthoff as Attorney-in-Fact for Derek Chang

12/12/2022
** Signature of Reporting PersonDate
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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