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 |
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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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LOCAL.COM [ LOCM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/12/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 07/12/2007 | C | 250,000 | A | $4.02 | 250,000 | D(1) | |||
Common Stock | 07/12/2007 | S | 99,653 | D | $9 | 150,347 | D(1) | |||
Common Stock | 07/12/2007 | S | 7,400 | D | $9.01 | 142,947 | D(1) | |||
Common Stock | 07/12/2007 | S | 940 | D | $9.02 | 142,007 | D(1) | |||
Common Stock | 07/12/2007 | S | 3,611 | D | $9.03 | 138,396 | D(1) | |||
Common Stock | 07/12/2007 | S | 1,400 | D | $9.035 | 136,996 | D(1) | |||
Common Stock | 07/12/2007 | S | 6,689 | D | $9.04 | 130,307 | D(1) | |||
Common Stock | 07/12/2007 | S | 10,400 | D | $9.05 | 119,907 | D(1) | |||
Common Stock | 07/12/2007 | S | 6,500 | D | $9.06 | 113,407 | D(1) | |||
Common Stock | 07/12/2007 | S | 4,100 | D | $9.07 | 109,307 | D(1) | |||
Common Stock | 07/12/2007 | S | 1,750 | D | $9.08 | 107,557 | D(1) | |||
Common Stock | 07/12/2007 | S | 8,335 | D | $9.09 | 99,222 | D(1) | |||
Common Stock | 07/12/2007 | S | 19,139 | D | $9.1 | 80,083 | D(1) | |||
Common Stock | 07/12/2007 | S | 12,200 | D | $9.11 | 67,883 | D(1) | |||
Common Stock | 07/12/2007 | S | 1,000 | D | $9.115 | 66,883 | D(1) | |||
Common Stock | 07/12/2007 | S | 12,535 | D | $9.12 | 54,348 | D(1) | |||
Common Stock | 07/12/2007 | S | 5,648 | D | $9.13 | 48,700 | D(1) | |||
Common Stock | 07/12/2007 | S | 9,800 | D | $9.14 | 38,900 | D(1) | |||
Common Stock | 07/12/2007 | S | 3,400 | D | $9.15 | 35,500 | D(1) | |||
Common Stock | 07/12/2007 | S | 3,200 | D | $9.16 | 32,300 | D(1) | |||
Common Stock | 07/12/2007 | S | 1,600 | D | $9.185 | 30,700 | D(1) | |||
Common Stock | 07/12/2007 | S | 797 | D | $9.2 | 29,903 | D(1) | |||
Common Stock | 07/12/2007 | S | 2,230 | D | $9.21 | 27,673 | D(1) | |||
Common Stock | 07/12/2007 | S | 700 | D | $9.215 | 26,973 | D(1) | |||
Common Stock | 07/12/2007 | S | 1,900 | D | $9.22 | 25,073 | D(1) | |||
Common Stock | 07/12/2007 | S | 4,300 | D | $9.23 | 20,773 | D(1) | |||
Common Stock | 07/12/2007 | S | 2,073 | D | $9.24 | 18,700 | D(1) | |||
Common Stock | 07/12/2007 | S | 1,000 | D | $9.25 | 17,700 | D(1) | |||
Common Stock | 07/12/2007 | S | 3,928 | D | $9.26 | 13,772 | D(1) | |||
Common Stock | 07/12/2007 | S | 6,900 | D | $9.27 | 6,872 | D(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
9% Senior Secured Convertible Note | $4.02 | 07/12/2007 | C | $1,005,000 | 02/23/2007 | 02/22/2009 | Common Stock | 746,268 | $4.02(2) | 496,268 | D(1) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. Hearst Communications is the holder of the 9% Senior Secured Convertible Note and, pursuant to Section 16 of the Securities Exchange Act of 1934, the beneficial owner of the common stock of the Issuer issuable upon conversion of the Note ( the "Securities"). Hearst Communications is a subsidiary of Hearst Magazines Property, Inc. and Hearst Holdings, Inc. Hearst Magazines is a wholly-owned subsidiary of Communications Data Services, Inc. ("CDS"). CDS is a wholly-owned subsidiary of Hearst Holdings, Inc. Hearst Holdings, Inc. is a wholly-owned subsidiary of The Hearst Corporation ("Hearst"). The Hearst Family Trust (the "Trust") is the sole shareholder of Hearst. Under Rule 16a-1 of the Exchange Act, Hearst Magazines Property, Inc., CDS, Hearst Holdings, Inc., Hearst, and the Trust may also be deemed to be beneficial owners of the Securities. |
2. This amount reflects the conversion price per share of the Note. |
/s/ James M. Asher, Hearst Communications, Inc., Senior Vice President | 07/16/2007 | |
/s/ James M. Asher, Hearst Magazines Property, Inc., Vice President | 07/16/2007 | |
/s/ James M. Asher, Communications Data Services, Inc., Vice President | 07/16/2007 | |
/s/ James M. Asher, Hearst Holdings, Inc., Senior Vice President | 07/16/2007 | |
/s/ James M. Asher, Hearst Corporation, Senior Vice President | 07/16/2007 | |
/s/ Frank A. Bennack, Jr., Hearst Family Trust, Trustee | 07/16/2007 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |