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*
Black Horse Capital Advisors LLC

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
METROMEDIA INTERNATIONAL GROUP INC [ MTRM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2007
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 08/21/2007 S 1,331,695 D $1.8 0 D(1)(2)(5)(6)
Common Stock 08/21/2007 S 5,972,468 D $1.8 0 D(1)(3)(5)(6)
Common Stock 08/21/2007 S 1,927,833 D $1.8 0 D(1)(4)(5)(6)
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*
Black Horse Capital Advisors LLC

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
1. Name and Address of Reporting Person*
Black Horse Capital Offshore Ltd.

(Last) (First) (Middle)
C/O M&C CORPORATE SERVICES, PO BOX 30UGL
UGLAND HOUSE, SOUTH CHURCH STREET

(Street)
GEORGE TOWN, GRAND CAYMAN E9 00000

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
1. Name and Address of Reporting Person*
BLACK HORSE CAPITAL LP

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
1. Name and Address of Reporting Person*
BLACK HORSE CAPITAL QP L P

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
1. Name and Address of Reporting Person*
Black Horse Capital Management LLC

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
1. Name and Address of Reporting Person*
Sheehy Brian

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
1. Name and Address of Reporting Person*
Chappell Dale

(Last) (First) (Middle)
338 S. SHARON AMITY RD., #202

(Street)
CHARLOTTE NC 28211

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See (1)
Explanation of Responses:
1. The persons reporting on this Form 4 are no longer 10% owners after the transactions reported on this Form 4.
2. Represents shares of common stock sold by Black Horse Capital Offshore Ltd. ("Black Horse Offshore Fund") pursuant to the tender offer that was completed at midnight on August 21, 2007 (the "Tender Offer"). Black Horse Capital Advisors LLC ("Black Horse Advisors") is the investment manager of the Black Horse Offshore Fund and is deemed to indirectly beneficially own the securities directly owned by the Black Horse Offshore Fund.
3. Represents shares of common stock sold by Black Horse Capital LP ("Black Horse Capital Fund") pursuant to the Tender Offer. Black Horse Capital Management LLC ("Black Horse Management") is the managing general partner of Black Horse Capital Fund and is deemed to indirectly beneficially own the securities directly owned by Black Horse Capital Fund.
4. Represents shares of common stock sold by Black Horse Capital (QP) LP ("Black Horse QP Fund") pursuant to the Tender Offer. Black Horse Capital Management is the managing general partner of Black Horse QP Fund and is deemed to indirectly beneficially own the securities directly owned by Black Horse QP Fund.
5. Brian Sheehy and Dale Chappell are the managing members of each of Black Horse Advisors and Black Horse Management and are deemed to indirectly beneficially own the securities beneficially owned by them.
6. For purposes of this Form 4, Black Horse Advisors, Black Horse Management, and Messrs. Sheehy and Chappell disclaim ownership of the securities owned by the funds reporting on this Form 4 except to the extent of their pecuniary interest therein.
Dale Chappell, Managing Member of Black Horse Capital Advisors LLC 08/23/2007
Dale Chappell, Managing Member of Black Horse Capital Management LLC, General Partner of Black Horse Capital LP 08/23/2007
Dale Chappell, Managing Member of Black Horse Capital Management LLC, General Partner of Black Horse Capital (QP) LP 08/23/2007
Dale Chappell, Director of Black Horse Capital Offshore Ltd. 08/23/2007
Dale Chappell, Managing Member of Black Horse Capital Management LLC 08/23/2007
Brian Sheehy 08/23/2007
Dale Chappell 08/23/2007
** 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.
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