X0303 4 2011-01-03 0 0001341470 Banks.com, Inc. BNX 0001325533 Red Oak Partners, LLC 654 BROADWAY SUITE 5 NEW YORK NY 10012 0 0 1 0 Common Stock 2011-01-03 4 S 0 25600 0.3093 D 2637238 I By The Red Oak Fund, LP Common Stock 2011-01-04 4 S 0 11800 0.3219 D 2625438 I By The Red Oak Fund, LP Common Stock 2011-01-04 4 S 0 2500 0.3219 D 2622938 I By Pinnacle Fund LLLP Red Oak Partners, LLC (the "General Partner") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of the General Partner and the Fund's portfolio manager. Red Oak Partners, LLC (the "General Partner") serves as a general partner of Pinnacle Fund LLLP, a Colorado limited liability limited partnership ("Pinnacle"), the direct owner of the subject securities. David Sandberg is a limited partner of Pinnacle, the managing member of the General Partner and an investment advisor to Pinnacle. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose. David Sandberg 2011-01-05