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*
CARSON ROYAL W III

(Last) (First) (Middle)
FOUR RICHMOND SQUARE

(Street)
PROVIDENCE RI 02906

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIN TV CORP [ TVL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/25/2009
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
Class A Common Stock 03/25/2009 03/25/2009 J 253,271 D $0 24,059 I(1) See footnote(2)
Class A Common Stock 03/25/2009 03/25/2009 J 2,797 D $0 21,262 I See footnote(3)
Class A Common Stock 03/25/2009 03/25/2009 J 2,797 A $0 25,942 D(4)
Class A Common Stock 03/25/2009 03/25/2009 J 8,177 D $0 21,262 I(5) See footnote(6)
Class A Common Stock 03/25/2009 03/25/2009 J 8,177 A $0 21,262 I(5) See footnote(6)
Class A Common Stock 03/26/2009 03/26/2009 J 8,177 D $0 13,085 I(5) See footnote(7)
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
Explanation of Responses:
1. 23,145 shares of Class A Common Stock are also directly held by Mr. Carson.
2. 253,271 shares of Class A Common Stock, in the aggregate, were distributed to the limited partners of Carson LIN SBS, L.P., a limited partnership whose ultimate general partner is Carson Private Capital Incorporated ("Carson LIN SBS"). Mr. Carson is President and a controlling stockholder of Carson Private Capital Incorporated.
3. As a result of this distribution from Carson LIN SBS to Mr. Carson directly, Mr. Carson directly holds an additional 2,797 shares of Class A Common Stock. The total number of shares of Class A Common stock directly held by Mr. Carson following this distribution is 25,942.
4. Shares of Class A Common Stock held directly by Mr. Carson following the distribution from Carson LIN SBS as summarized in footnote 3. Mr. Carson holds an indirect beneficial ownership in the remaining 21,262 shares of Class A Common Stock held by Carson LIN SBS which will be further distributed as reported below on this Form 4.
5. 25,942 shares of Class A Common Stock are also held directly by Mr. Carson.
6. 8,177 shares of Class A Common Stock were distributed from Carson LIN SBS to Ohana Investments, L.P. ("Ohana Investments"), a limited partnership in which Mr. Carson holds a beneficial interest. As a result of this transaction, Carson LIN SBS holds 13,085 shares of Class A Common Stock and Ohana Investments holds 8,177 shares for a total of 21,262 shares of Class A Common Stock in which Mr. Carson holds an indirect beneficial interest.
7. 8,177 shares of Class A Common Stock were distributed to a limited partner of Carson LIN SBS. As a result, Carson LIN SBS now hold 4,908 shares of Class A Common Stock and Ohana Investments holds 8,177 shares for a total of 13,085 shares of Class A Common Stock in which Mr. Carson holds an indirect beneficial interest.
/s/ William A. Cunningham, Attorney-in-fact for Royal W. Carson III 03/30/2009
** 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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