-----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,
 EuBZGompskgkizqM6SDVj0sJZp2rNO7wt1ol7qOGyHwoYRksP1oKKByAwSGXRpMu
 kHTSB45LQXe9tGpogB8yJw==

<SEC-DOCUMENT>0000919574-08-006903.txt : 20081030
<SEC-HEADER>0000919574-08-006903.hdr.sgml : 20081030
<ACCEPTANCE-DATETIME>20081030185358
ACCESSION NUMBER:		0000919574-08-006903
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081028
FILED AS OF DATE:		20081030
DATE AS OF CHANGE:		20081030

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KURITA ANDREW Y
		CENTRAL INDEX KEY:			0001420141

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06377
		FILM NUMBER:		081152251

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-488-1728

	MAIL ADDRESS:	
		STREET 1:		C/O KETTLE HILL CAPITAL MANAGEMENT, LLC
		STREET 2:		101 PARK AVENUE, 23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10178

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LASERCARD CORP
		CENTRAL INDEX KEY:			0000030140
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER STORAGE DEVICES [3572]
		IRS NUMBER:				770176309
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		1875 NORTH SHORELINE BOULEVARD
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043
		BUSINESS PHONE:		(650) 969-4428

	MAIL ADDRESS:	
		STREET 1:		1875 NORTH SHORELINE BOULEVARD
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREXLER TECHNOLOGY CORP
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KETTLE HILL CAPITAL MANAGEMENT, LLC
		CENTRAL INDEX KEY:			0001387369

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06377
		FILM NUMBER:		081152252

	BUSINESS ADDRESS:	
		STREET 1:		101 PARK AVENUE
		STREET 2:		23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10178
		BUSINESS PHONE:		212-251-3383

	MAIL ADDRESS:	
		STREET 1:		101 PARK AVENUE
		STREET 2:		23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10178
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p933621_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-10-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000030140</issuerCik>
        <issuerName>LASERCARD CORP</issuerName>
        <issuerTradingSymbol>LCRD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001387369</rptOwnerCik>
            <rptOwnerName>KETTLE HILL CAPITAL MANAGEMENT, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>101 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>23RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10178</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001420141</rptOwnerCik>
            <rptOwnerName>KURITA ANDREW Y</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O KETTLE HILL CAPITAL MANAGEMENT, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>101 PARK AVENUE, 23RD FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10178</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-10-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.49</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1613800</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-10-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>19200</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>3.66</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1633000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This constitutes the weighted average purchase price. The prices range from $3.32 to $3.65.</footnote>
        <footnote id="F2">These securities may be deemed to be beneficially owned by Kettle Hill Capital Management, LLC, who is a Reporting Person, by
 virtue of its role as the investment manager of Kettle Hill Partners, LP, Kettle Hill Partners II, LP and Kettle Hill
 Offshore, Ltd. (the &quot;Funds&quot;) and Andrew Y. Kurita, the managing member of the investment manager (each a &quot;Reporting
 and collectively the &quot;Reporting Persons&quot;).  Each Reporting Person disclaims beneficial ownership of the reported securities
 except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting
 Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as
 amended, or for any other purpose.</footnote>
        <footnote id="F3">This constitutes the weighted average purchase price. The prices range from $3.47 to $3.79.</footnote>
    </footnotes>

    <remarks>(+) The Reporting Persons will provide upon request by the Securities and Exchange Commission staff, the issuer, or a
 security holder of the issuer, full information regarding the number of shares purchased at each separate price.</remarks>

    <ownerSignature>
        <signatureName>Kettle Hill Capital Management, LLC, By: /s/ Andrew Kurita (+)</signatureName>
        <signatureDate>2008-10-30</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Andrew Kurita (+)</signatureName>
        <signatureDate>2008-10-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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