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* Columbia Pacific Advisors, LLC (Last) (First) (Middle) 1910 FAIRVIEW AVE E SUITE 200 (Street) SEATTLE WA 98102-3620 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Marlborough Software Development Holdings Inc. [ MBGH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 08/20/2013
	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	08/20/2013		S		201,000(2)	D	$0.0701	2,075,719(3)	I	GP / Investmt Manager(1)
Common Stock	08/21/2013		S		219,970(4)	D	$0.0723	1,855,749(5)	I	GP / Investmt Manager(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* Columbia Pacific Advisors, LLC (Last) (First) (Middle) 1910 FAIRVIEW AVE E SUITE 200 (Street) SEATTLE WA 98102-3620 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Columbia Pacific Opportunity Fund, L.P. (Last) (First) (Middle) 1910 FAIRVIEW AVENUE EAST STE 200 (Street) Seattle WA 98102-3620 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Columbia Pacific Advisors, LLC ("Advisors") serves as the general partner of Columbia Pacific Opportunity Fund, L.P. ("CPOF") and the investment manager of Columbia Pacific Partners Fund, Ltd. ("CPPF").

2. CPOF sold 190,371 shares and CPPF sold 10,629 shares.

3. CPOF directly owned 1,965,960 shares and CPPF directly owned 109,759 shares.

4. CPOF sold 208,338 shares and CPPF sold 11,632 shares.

5. CPOF directly owns 1,757,622 shares and CPPF directly owns 98,127 shares.

Remarks:

This Form 4 is being filed by Advisors, CPOF and CPPF, (each a "Reporting Person" and collectively the "Reporting Persons"). The business address of the Reporting Persons is 1910 Fairview Avenue East, Suite 200, Seattle, WA 98102. Prior to this filing, CPOF and CPPF directly held 2,156,331 and 120,388 shares of common stock, respectively, in the Issuer ("Shares"). Advisors is the general partner of CPOF, and in such capacity holds a limited partnership interest in CPOF. Each of the Reporting Persons may be deemed to be a member of a group exercising voting and investment control over the Shares; however, each Reporting Person disclaims membership in any such group and disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein.

	Columbia Pacific Advisors, LLC - Alexander B. Washburn	08/29/2013
	Columbia Pacific Opportunity Fund, L.P. - Alexander B. Washburn	08/29/2013
	Columbia Pacific Partners Fund, Ltd. - Alexander B. Washburn	08/29/2013
	** 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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