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
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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*
Eastern Advisors Capital Group LLC

(Last) (First) (Middle)
101 PARK AVENUE, 48TH FLOOR

(Street)
NEW YORK NY 10178

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HSW International, Inc. [ HSWI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/12/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 ($0.001 par value) 04/12/2011 P 2,580 A $3.0896 824,120 (2) I By: Eastern Advisors Capital, Ltd (1)
Common Stock ($0.001 par value) 04/13/2011 P 2,394 A $3.2809 826,514 I By: Eastern Advisors Capital, Ltd. (1)
Common Stock ($0.001 par value) 04/14/2011 P 4,150 A $3.7331 830,664 I By: Eastern Advisors Capital, Ltd. (1)
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
1. Name and Address of Reporting Person*
Eastern Advisors Capital Group LLC

(Last) (First) (Middle)
101 PARK AVENUE, 48TH FLOOR

(Street)
NEW YORK NY 10178

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Eastern Advisors Capital, Ltd.

(Last) (First) (Middle)
101 PARK AVENUE, 48TH FLOOR

(Street)
NEW YORK NY 10178

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BOOTH SCOTT

(Last) (First) (Middle)
101 PARK AVENUE, 48TH FLOOR

(Street)
NEW YORK NY 10178

(City) (State) (Zip)
Explanation of Responses:
1. Eastern Advisors Capital Group, LLC (the "Investment Manager") serves as investment manager to Eastern Advisors Capital, Ltd. (the "Fund"), the direct owner of the subject securities. Scott Booth is the Managing Member of the Investment Manager and a Director of the Fund. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
2. On February 16, 2010, the Issuer conducted a reverse split of its Common Stock, par value $0.001, at a ratio of 10-for-1, at which time each share of Common Stock was automatically reclassified as and converted into one-tenth of a share of Common Stock.
/s/ Scott Booth For himself, as Managing Member of the Investment Manager and as a Director of the Fund 04/14/2011
** 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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