SEC Form 4

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* CAPPELLO ALEXANDER L (Last) (First) (Middle) C/O GENIUS PRODUCT, INC. 740 LOMAS SANTA FE, #210 (Street) SOLANA BEACH CA 92075 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GENIUS PRODUCTS INC [ GNPL.OB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 03/07/2005
	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 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	03/22/2005		J(1)		151,753	A	$2.56	151,753	D
Common Stock	07/20/2005		J(2)		61,910	A	(2)	213,663	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Warrants (right to buy)	$2.2	03/24/2004		J(3)		593,601		(4)	03/23/2014	Common Stock	593,601	$2.2	593,601	D
Common Stock Warrants (right to buy)	$1.58	03/07/2005		J(5)		230,625		(6)	03/06/2015	Common Stock	230,625	$1.58	824,226	D
Common Stock Warrants (right to buy)	$2.56	03/07/2005		J(5)		10,668		(6)	03/06/2010	Common Stock	10,668	$2.56	834,894	D
Common Stock Warrants (right to buy)	$2.78	03/07/2005		J(5)		10,668		(6)	03/06/2010	Common Stock	10,668	$2.78	845,562	D
Common Stock Warrants (right to buy)	$2.56	03/22/2005		J(2)		11,144		(6)	03/21/2010	Common Stock	11,144	$2.56	856,706	D
Common Stock Warrants (right to buy)	$2.78	03/22/2005		J(2)		11,144		(6)	03/21/2010	Common Stock	11,144	$2.78	867,850	D
Common Stock Warrants (right to buy)	$1.75	05/20/2005		J(7)		60,734		(6)	05/19/2015	Common Stock	60,734	$1.75	928,584	D

Explanation of Responses:

1. Shares of common stock and warrants to acquire common stock were acquired by the reporting person and Cappello Capital Corp. as sales commission in connection with the merger of Genius Products, Inc. with American Vantage Media Corporation.

2. Cappello Capital Corp. received 175,000 shares of common stock granted on July 20, 2005 pursuant to an amendment of engagement letter between the Issuer and Cappello Capital Corp. The shares were subsequently transferred to employees of Cappello Capital Corp. Mr. Cappello received 61,910 shares of common stock from Cappello Capital Corp.

3. Warrants acquired pursuant to an engagement letter dated March 24, 2004.

4. Cappello Capital Corp. received 2,000,000 warrants to buy common stock granted on March 24, 2004 pursuant to an engagement letter between the Issuer and Cappello Capital Corp. The warrants were subsequently transferred to employees of Cappello Capital Corp. Currently, 504,560 warrants transferred to Mr. Cappello are exercisable.

5. Warrants to acquire common stock were acquired by the reporting person and Cappello Capital Corp. as commission in connection with a private placement of common stock and warrants to acquire common stock of Genius Products, Inc.

6. Warrants to acquire common stock were immediately exercisable upon acquisition.

7. Warrants to acquire common stock were acquired by the reporting person and Cappello Capital Corp. as commission in connection with a private placement of common stock and warrants to acquire common stock of Genius Products, Inc.

Remarks:

	/s/ Alexander L. Cappello	08/11/2005
	** 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).
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