SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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).
  
 Form 3 Holdings Reported.
X
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Day Stephen L
(Last) (First) (Middle)
525 GREAT RD
(Street)
LITTLETON MA 01460
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DOVER SADDLERY INC [ DOVR ] 		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, President & Treasurer
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2008
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 519,587(1) D
Common Stock 09/15/2008 09/15/2008 P4 5,000 A $2.9496 524,587(2) D
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)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option $2.14 (3) 12/30/2009 Common Stock 76,937 76,937(4) D
Incentive Stock Option $10 12/30/2005 11/16/2015 Common Stock 3,500 80,437(5) D
Incentive Stock Option $8.25 (6) 10/25/2011 Common Stock 15,725 96,162(7) D
Non-Qualified Stock Option $7.5 (6) 10/25/2016 Common Stock 3,500 3,500(8) D
Incentive Stock Option $4.95 (9) 11/13/2012 Common Stock 15,725 111,887(10) D
Non-Qualified Stock Option $4.5 (9) 11/13/2017 Common Stock 3,500 7,000(11) D
Incentive Stock Option $1.36 11/21/2008 4A 13,220 (12) 11/20/2013 Common Stock 13,220 (13) 125,107(14) D
Non-Qualiifed Stock Option $1.24 11/21/2008 4A 2,940 (12) 11/20/2018 Common Stock 2,940 (15) 9,940(16) D
Explanation of Responses:
1. As of 12/31/2007.
2. As of 12/31/2008.
3. Immediately.
4. Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2004.
5. Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2005.
6. Granted on 10/26/2006 and vest on anniversary date of grant at rate 20 % per year for five years.
7. Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2006. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 99,662 as of 12/31/2006.
8. Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2006. Together with Incentive Stock Options the total stock options held by this reporting person equals 99,662 as of 12/31/2006.
9. Granted on 11/14/2007 and vest on anniversary date of grant date at rate 20 % per year for five years.
10. Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2007. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 118,887 as of 12/31/2007.
11. Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2007. Together with Incentive Stock Options the total stock options held by this reporting person equals 118,887 as of 12/31/2007.
12. Vest on anniversary date of grant at rate 20 % per year for five years.
13. When exercisable price will be $ 1.36.
14. Reflects total outstanding Incentive Stock Options held by this reporting person as of 12/31/2008. Together with Non-Qualified Stock Options the total stock options held by this reporting person equals 135,047 as of 12/31/2008.
15. When exercisable price will be $ 1.24.
16. Reflects total outstanding Non-Qualified Stock Options held by this reporting person as of 12/31/2008. Together with Incentive Stock Options the total stock options held by this reporting person equals 135,047 as of 12/31/2008.
Remarks:
All transactions reported on this Form 5 have been previously reported on Forms 3 and 4 in a timely manner.
Stephen L. Day 02/13/2009
** 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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