X0305 4 2012-05-10 false 0001298978 Market Leader, Inc. LEDR 0001306201 Morris Ian H 11332 NE 122ND WAY, SUITE 200 KIRKLAND WA 98034 true true false false CEO Common Stock 2012-05-10 4 M false 100 2.5 A 493187 D Common Stock 2012-05-10 4 S false 100 4.02 D 493087 D Common Stock 2012-05-11 4 M false 83783 2 A 576870 D Common Stock 2012-05-11 4 M false 3599 2.5 A 580469 D Common Stock 2012-05-11 4 F false 52368 4.08 D 528101 D Common Stock 2012-05-11 4 S false 3599 4.034 D 524502 D Option (Right to Buy) 2.5 2012-05-10 4 M false 100 2.5 D 2004-06-01 2013-06-25 Common Stock 395000 278599 D Option (Right to Buy) 2 2012-05-11 4 M false 83783 2 D 2003-06-17 2012-06-27 Common Stock 204000 0 D Option (Right to Buy) 2.5 2012-05-11 4 M false 3599 2.5 D 2004-06-01 2013-06-25 Common Stock 395000 275000 D The exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Shares acquired on exercise of stock options. Shares withheld by company to cover exercise price and taxes on exercise of stock options; not an open market transaction. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The reported price is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $4.02 to $4.09. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range. Jacqueline Davidson, CFO 2012-05-14