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*
SCHLESSMAN LEE E

(Last) (First) (Middle)
5990 GREENWOOD PLAZA BLVD
SUITE 390

(Street)
GREENWOOD VILLAGE CO 801112

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SMART MOVE, INC. [ MVE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2007
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 08/28/2007 C(1) 133,333 A $3.75 245,983 D
Common Stock 08/28/2007 C(1) 133,334 A $3.75 466,718 I Owned by various family members and entities that the filer has control by POA or ownership
Common Stock 08/28/2007 J(2) 236,573 A $2.08 703,291 I Owned by various family members and entities that the filer has control by POA or ownership
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
Convertible Debt first convertible 1/16/06 $3.75 08/28/2007 C(1) 0 01/16/2006 01/16/2011 Common Stock 133,333 $3.75 0 D
Convertible Debt first convertible 1/16/2006 $3.75 08/28/2007 C(1) 0 01/16/2006 01/16/2011 Common Stock 133,334 $3.75 0 I Owned by various family members and entities that the filer has control by POA or ownership
Convertible Note first convertible 8/28/07 $2 08/28/2007 J(3) 0 08/28/2007 09/01/2009 Common Stock 200,000 $396,000 333,333 D
Warrants first exercisable $3.375 08/28/2007 J(2) 0 08/28/2007 08/27/2012 Common Stock 100,116 $0 100,116 I Owned by various family members and entities that the filer has control by POA or ownership
Warrants $7.5 08/28/2007 J(3) 40,000 08/28/2007 12/05/2011 Common Stock 40,000 $0 373,333 D
Explanation of Responses:
1. Underlying shares issued pursuant to automatic conversion feature of convertible note, registered for resale by filer and other holders pursuant to Registration Statement on Form SB-2 (File No. 333-140558) declared effective May 7, 2007.
2. Shares and warrants issued pursuant to filer's election to receive payment of accrued interest on convertible notes in unregistered common stock.
3. Acquired in the private placement purchase of 16 Note Units each consisting of a secured convertible note, $25,000 face amount, and a warrant to purchase 2,500 shares, issued at a price of $24,750 for each Note Unit and aggregate purchase price of $396,000 for all Note Units purchased by filer.
/s/ Lee E. Schlessman, POA Pete Bloomquist 08/30/2007
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.