SEC FORM 4

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^*

Johnson Frank L

(Last)

(First)

(Middle)

570 LEXINGTON AVENUE, 27TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LODGENET INTERACTIVE CORP [ LNET ]

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)
10/16/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $ 0.01 per share	10/16/2008		S		1,085	D	$1.2109⁽³⁾	2,310,118⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/16/2008		S		3,500	D	$1.205⁽³⁾	2,306,618⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/17/2008		S		11,900	D	$1.2664⁽³⁾	2,294,718⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/20/2008		S		4,000	D	$1.3838⁽³⁾	2,290,718⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/21/2008		S		5,500	D	$1.3509⁽³⁾	2,285,218⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/21/2008		S		12,100	D	$1.3538⁽³⁾	2,273,118⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/22/2008		S		200	D	$1.28⁽³⁾	2,272,918⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/22/2008		S		100	D	$1.28⁽³⁾	2,272,818⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/22/2008		S		2,000	D	$1.28⁽³⁾	2,270,818⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/22/2008		S		1,900	D	$1.29⁽³⁾	2,268,918⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		100	D	$1.2⁽³⁾	2,268,818⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		250	D	$1.2⁽³⁾	2,268,568⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		281	D	$1.22⁽³⁾	2,268,287⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		100	D	$1.21⁽³⁾	2,268,187⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		100	D	$1.21⁽³⁾	2,268,087⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		2,000	D	$1.2⁽³⁾	2,266,087⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾
Common Stock, par value $ 0.01 per share	10/23/2008		S		1,000	D	$1.2⁽³⁾	2,265,087⁽³⁾	I	See footnotes 1&2⁽¹⁾⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Johnson Frank L

(Last)

(First)

(Middle)

570 LEXINGTON AVENUE, 27TH FLOOR

(Street)

NEW YORK

10022

(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^*

LaGrange Capital Administration, L.L.C.

(Last)

(First)

(Middle)

570 LEXINGTON AVENUE, 27TH FLOOR

(Street)

NEW YORK

10022

(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^*

LaGrange Capital Partners LP

(Last)

(First)

(Middle)

570 LEXINGTON AVENUE, 27TH FLOOR

(Street)

NEW YORK

10022

(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^*

LAGRANGE CAPITAL PARTNERS OFFSHORE FUND LTD

(Last)

(First)

(Middle)

73 FRONT ST

(Street)

HAMILTON

000000

(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. Transactions reported between 10/16/08 and 10/23/08 were made directly on behalf of either LaGrange Capital Partners Offshore Fund, Ltd. or LaGrange Capital Partners, L.P. Ownership calculations were based on 22,659,515 shares outstanding.

2. Currently, LaGrange Capital Partners, L.P. directly holds 1,779,024 shares of Common Stock, or approximately 7.9% of the class of shares. LaGrange Capital Partners Offshore Fund, Ltd. directly holds 482,763 shares of Common Stock, or approximately 2.1% of the class of shares. LaGrange Capital Administration, L.L.C. does not hold any shares of Common Stock directly, but by virtue of its control relationship with LaGrange Capital Partners, L.P. and LaGrange Capital Offshore Fund, Ltd. may be deemed to indirectly hold 2,261,787 shares of Common Stock, or approximately 10.0% of the class of shares. Frank LaGrange Johnson directly holds 3,300 shares of Common Stock in an IRA, but by virtue of his role as sole member of LaGrange Capital Administration, L.L.C., he indirectly holds 2,265,087 shares, or approximately 10.0% of the class of shares.

3. Frank LaGrange Johnson and LaGrange Capital Administration, L.L.C. each disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

	Frank LaGrange Johnson /s/ Frank LaGrange Johnson	10/23/2008
	LaGrange Capital Administration, L.L.C. /s/ Frank LaGrange Johnson, Sole Member	10/23/2008
	LaGrange Capital Partners LP By: LaGrange Capital Administration, L.L.C. /s/ Frank LaGrange Johnson	10/23/2008
	LaGrange Capital Partners Offshore Fund Ltd. By: LaGrange Capital Administration, L.L.C. /s/ Frank LaGrange Johnson	10/23/2008
	** 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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