SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
VanDerBosch Karen L

(Last) (First) (Middle)
7615 GOLDEN TRIANGLE DRIVE
SUITE M

(Street)
EDEN PRAIRIE MN 55344-3848

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MAKEMUSIC, INC. [ MMUS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2010 M 1,112 A (1) 2,224 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to buy) $10.15 (2) 01/02/2015 Common Stock 20,000 20,000 D(1)
Stock Option (Right to Buy) $6.14 (3) 12/07/2013 Common Stock 30,000 30,000 D
Stock Option (Right to Buy) $3.5 (4) 01/07/2016 Common Stock 15,000 15,000 D
Stock Option (Right to Buy) $4.56 (5) 01/31/2017 Common Stock 40,000 40,000 D
Restricted Common Stock(1) (1) 03/02/2010 M 1,112 (6) (6) Common Stock 1,112 $0 2,224 D
Explanation of Responses:
1. The Company's Compensation Committee determined that the award previously granted to the Reporting Person on May 21, 2008, upon achievement of performance criteria, would cease to represent Restricted Stock Units and changed the award to a grant of the same number of shares of Restricted Common Stock. The Restricted Common Stock is subject to risks of forfeiture that lapse on the same dates as the Restricted Stock Units would have vested.
2. 416 shares shall become exercisable on the last day of each month from January 31, 2008, through November 30, 2011, and 448 shares on December 31, 2011.
3. 625 shares shall become exercisable on the last day of each month from December 31, 2006, through November 30, 2010.
4. 312 shares shall become exercisable on the last day of each month from January 31, 2009, through November 30, 2013, and 336 shares on December 31, 2013.
5. 833 shares shall become exercisable on the last day of each month from February 28, 2010, through December 31, 2013, and 849 shares shall vest on January 31, 2014.
6. Risks of forfeiture lapse as to 1,112 Restricted Common Stock on each of March 2, 2010, March 2, 2011 and March 2, 2012.
Remarks:
/s/ Karen L. VanDerBosch 03/04/2010
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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