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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 IffPVP/eTkORYPcXaS+XkATGOtMw/GDTNy6T4FLdCipfqdJQiIl76ch/ok4qZHop
 Efv3kjmIShd19Vo6TgXK4Q==

<SEC-DOCUMENT>0001181431-06-011432.txt : 20060214
<SEC-HEADER>0001181431-06-011432.hdr.sgml : 20060214
<ACCEPTANCE-DATETIME>20060214175312
ACCESSION NUMBER:		0001181431-06-011432
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060210
FILED AS OF DATE:		20060214
DATE AS OF CHANGE:		20060214

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REWARDS NETWORK INC
		CENTRAL INDEX KEY:			0000078536
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				846028875
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		11900 BISCAYNE BLVD
		STREET 2:		STE 460
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33181
		BUSINESS PHONE:		3058923300

	MAIL ADDRESS:	
		STREET 1:		11900 BISCAYNE BLVD
		STREET 2:		SUITE 460
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33181

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IDINE REWARDS NETWORK INC
		DATE OF NAME CHANGE:	20020613

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRANSMEDIA NETWORK INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIKES PEAK AMERICAN CORP
		DATE OF NAME CHANGE:	19840912

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BYNOE PETER C B
		CENTRAL INDEX KEY:			0001253889

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13806
		FILM NUMBER:		06618178

	BUSINESS ADDRESS:	
		STREET 1:		PIPER RUDNICK
		STREET 2:		203 NORTH LASALLE ST STE 1800
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601-1293
		BUSINESS PHONE:		3123684090

	MAIL ADDRESS:	
		STREET 1:		203 NORTH LASALLE STREET
		STREET 2:		SUITE 1900
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd107640.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-02-10</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000078536</issuerCik>
        <issuerName>REWARDS NETWORK INC</issuerName>
        <issuerTradingSymbol>IRN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001253889</rptOwnerCik>
            <rptOwnerName>BYNOE PETER C B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>203 NORTH LASALLE STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1800</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60601-1293</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Unit Award</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-02-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.0000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10000</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each restricted stock unit represents a right to receive one share of Common Stock of Rewards Network Inc.</footnote>
        <footnote id="F2">Restricted stock unit awards issued for serving on the registrant's Board of Directors. Award subject to service vesting requirements as per Award Agreement. There is no expiration date for these Awards. Awards vest as follows: 02/10/2007 - 34%; 02/10/2008 - 33%; 02/10/2009 - 33%.</footnote>
        <footnote id="F3">Represents the cumulative number of restricted stock units received to date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Bryan R. Adel as attorney-in-fact</signatureName>
        <signatureDate>2006-02-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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