-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MQk7/R+mwzawcqyvrQFp0gbwTkDaQL4WjV5NVSUDVZTEhMXTxV59z6ZiJQNwXc4a O3NfpbRbleMuWGls+EBTIw== 0001113513-07-000008.txt : 20070123 0001113513-07-000008.hdr.sgml : 20070123 20070123184020 ACCESSION NUMBER: 0001113513-07-000008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061010 FILED AS OF DATE: 20070123 DATE AS OF CHANGE: 20070123 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SMART ONLINE INC CENTRAL INDEX KEY: 0001113513 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954439334 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2530 MERIDIAN PARKWAY CITY: DURHAM STATE: NC ZIP: 27713 BUSINESS PHONE: 919-806-4521 MAIL ADDRESS: STREET 1: P.O. BOX 12794 CITY: RESEARCH TRIANGLE PARK STATE: NC ZIP: 27709 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nouri Dennis Michael CENTRAL INDEX KEY: 0001316206 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32634 FILM NUMBER: 07547852 BUSINESS ADDRESS: BUSINESS PHONE: 919-765-5000 MAIL ADDRESS: STREET 1: 2530 MERIDAN PARKWAY CITY: DURHAM STATE: NC ZIP: 27713 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2006-10-10 0 0001113513 SMART ONLINE INC SOLN 0001316206 Nouri Dennis Michael 2530 MERIDAN PARKWAY DURHAM NC 27713 1 1 1 0 President and CEO Common Stock 2006-10-10 4 S 0 87043 1.5176 D 0 I See fn. Common Stock 2006-10-10 4 S 0 160000 1.5176 D 1262015.77 D Common Stock 2007-01-19 4 S 0 192000 D 1070015.77 D Common Stock 2007-01-19 4 S 0 216175 D 853840.77 D Common Stock 2007-01-19 4 S 0 57328 D 796512.77 D Common Stock 2007-01-19 4 S 0 56206 D 740306.77 D Common Stock 2007-01-19 4 S 0 900 3 D 739406.77 D Common Stock 2007-01-19 4 S 0 900 3 D 264731 I By spouse. Common Stock 16500 I See fn. Common Stock 6500 I See fn. The agreement to sell these shares was made on October 10, 2006. Consideration paid for the shares was made in installments over a period of time and the agreement included certain closing conditions, including the dissolution of American Investment Holding Group Company (which was fifty percent (50%) owned by Dennis Michael Nouri) and Smart Online, Inc. entering into a registration rights agreement with the purchaser. The last of these conditions was satisfied on January 19, 2007. These shares were held by Charter Holdings, LLC, which is wholly owned by Dennis Michael Nouri. These shares were transferred pursuant to a note cancellation agreement that was approved by the Smart Online, Inc. board of directors on October 9, 2006. The note being cancelled under this agreement was made in 2005. Under the terms of the note cancellation agreement, a total of $809,736.49 in principal and interest was cancelled. Under the terms of the note cancellation agreement, a total of $324,063.49 in principal and interest was cancelled. Under the terms of the note cancellation agreement, a total of $87,261.40 in principal and interest was cancelled. Under the terms of the note cancellation agreement, a total of $85,117.28 in principal and interest was cancelled. These shares were sold pursuant to a Rule 10b5-1 trading plan entered into prior to the date of the transaction. Shares held by Dennis Michael Nouri as trustee for Leon Sokolic. Shares held by Dennis Michael Nouri as trustee for Moshe DaBush. /s/ Dennis Michael Nouri 2007-01-23 -----END PRIVACY-ENHANCED MESSAGE-----