SEC FORM 4

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^*

MALL MARVIN A

(Last)

(First)

(Middle)

8644 - 154TH AVENUE NE

(Street)

REDMOND

98052

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SOURCE ENERGY CORP /UT/ [ SRCX.OB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2005

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/09/2005		J⁽¹⁾		1,003,568	A	⁽²⁾	1,003,568	D
Common Stock	11/09/2005		J⁽¹⁾		20,000	A	⁽²⁾	20,000	I	As custodian for son
Common Stock	11/09/2005		J⁽¹⁾		20,000	A	⁽²⁾	20,000	I	By daughter

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)⁽³⁾	$0.35	11/09/2005		C		53,571		11/09/2005	08/25/2009	Common Stock	53,571	$0	53,571	D
Stock Option (right to buy)⁽³⁾	$0.35	11/09/2005		C		71,428		⁽⁴⁾	10/21/2012	Common Stock	71,428	$0	71,428	D

Explanation of Responses:

1. The securities were acquired in connection with a merger of a wholly-owned subsidiary of the Issuer and Vista.com, Inc., a privately held Washington corporation, pursuant to an Agreement and Plan of Merger dated as of October 21, 2005 (the "Merger"), whereby each outstanding share of Vista.com, Inc. stock was exchanged for one share of Issuer common stock immediately prior to the effective time of the Merger.

2. Not applicable.

3. The stock options were acquired in connection with the Merger, whereby the Issuer assumed the outstanding Vista.com, Inc. stock option shares held by the Reporting Person on a 1:1 basis on the same terms and conditions of the original grant.

4. The stock options vest over a forty-two (42) month period, with twenty-five percent (25%) vesting and becoming exercisable on April 21, 2003, and the remaining shares vesting ratably (6.25%) on a quarterly basis over the remaining three (3) years, as long as the Reporting Person remains in service to the issuer.

	Marvin A. Mall	11/17/2005
	** 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).
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