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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* PERLMUTTER ISAAC (Last) (First) (Middle) MARVEL ENTERTAINMENT, INC. 417 5TH AVENUE (Street) NEW YORK NY 10016 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Marvel Entertainment, Inc. [ MVL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) See Exhibit 99.1 attached
	3. Date of Earliest Transaction (Month/Day/Year) 10/12/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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(1)	10/12/2006		J(2)		5,011,025	D	$0	3,950,000(3)	D
Common Stock	10/12/2006		J(2)		5,011,025	A	$0	24,589,412	I	Held by Mr. Perlmutter's trust

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

1. Name and Address of Reporting Person* PERLMUTTER ISAAC (Last) (First) (Middle) MARVEL ENTERTAINMENT, INC. 417 5TH AVENUE (Street) NEW YORK NY 10016 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner X Officer (give title below) Other (specify below) See Exhibit 99.1 attached

1. Name and Address of Reporting Person* OBJECT TRADING CORP (Last) (First) (Middle) P.O. BOX 1028 (Street) LAKE WORTH, FL 33460 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ISAAC PERLMUTTER TRUST 01/28/1993 (Last) (First) (Middle) P.O. BOX 1028 (Street) LAKE WORTH, FL 33460 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This Form 4 is filed to report the transfer by Mr. Perlmutter of 5,011,025 shares of Common Stock to the Isaac Perlmutter Trust 01/28/1993, a Florida revocable trust (the "Perlmutter Trust"). The transfer was made by Mr. Perlmutter for estate planning purposes and has no effect on his beneficial ownership of Common Stock. Mr. Perlmutter is the sole beneficiary and a trustee of the Perlmutter Trust. Mr. Perlmutter may be deemed to possess the sole power to vote and dispose of an aggregate amount of 29,039,412 shares of Common Stock. See Exhibit 99.3 for details regarding the Reporting Persons' ownership of Common Stock.

2. The 5,011,025 shares of Common Stock listed in Item 4 of Table I were transferred by Mr. Perlmutter to the Perlmutter Trust in a private transaction.

3. These 3,950,000 shares of Common Stock are currently restricted pursuant to the Issuer's 1998 Stock Incentive Plan and are scheduled to vest as follows: 1,975,000 on November 30, 2006; and 1,975,000 on November 30, 2007. It is anticipated that Mr. Perlmutter will transfer these shares of Common Stock to the Perlmutter Trust shortly after they vest.

Remarks:

	/s/ Benjamin Dean, attorney-in-fact for Isaac Perlmutter, Isaac Perlmutter Trust 01/28/1993 and Object Trading Corp.	10/13/2006
	** Signature of Reporting Person	Date
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