X0303 4 2009-01-30 0 0001095079 ARTISTDIRECT INC ARTDE 0001334521 Saaf Randy 2461 SANTA MONICA BLVD SUITE D-250 SANTA MONICA CA 90404 0 1 0 0 Chief Exective Officer Common Stock 2009-01-30 4 J 0 2964205 A 2964205 D Subordinated Convertible Note 1 2009-01-30 4 C 0 2250000 D 2005-07-28 2009-07-28 Common Stock 2250000 0 D On January 30, 2009, Issuer cancelled the outstanding warrants issued to Reporting Person in connection with Issuer's subdebt financing on July 28, 2005. Issuer also converted the Subordinated Note held by Reporting Person into 2,964,205 restricted shares of the Common Stock of Issuer by dividing the sum of the outstanding principal, accrued interest and late charges and amounts due under the Regnegotation Rights Agreement dated July 28, 2005, by the conversion price. /s/ Randy Saaf 2009-02-03