SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* Saints Rustic Canyon LP (Last) (First) (Middle) 475 SANSOME STREET, SUITE 1850 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/14/2009	3. Issuer Name and Ticker or Trading Symbol LoopNet, Inc. [ LOOP ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,230,593	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Convertible Preferred Stock	(2)	(2)	Common Stock	372,023	$6.72	D(1)

1. Name and Address of Reporting Person* Saints Rustic Canyon LP (Last) (First) (Middle) 475 SANSOME STREET, SUITE 1850 (Street) SAN FRANCISCO CA 94111 (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* Saints Rustic Canyon LLC (Last) (First) (Middle) 475 SANSOME STREET, SUITE 1850 (Street) SAN FRANCISCO CA 94111 (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. The reported securities are beneficially owned directly by Saints Rustic Canyon, L.P. Saints Rustic Canyon, LLC is the general partner of Saints Rustic Canyon, L.P. Saints Rustic Canyon, LLC disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. The managing members of Saints Rustic Canyon, LLC are Kenneth B. Sawyer, David P. Quinlivan, Chia Griarte, Thomas Unterman (a director of the issuer), Michael K. Kim and Nate Redmond.

2. The convertible preferred stock is convertible at any time, at the holder's election, and has no expiration date.

Remarks:

This report is filed jointly by Saints Rustic Canyon, L.P. and Saints Rustic Canyon, LLC.

	/s/ Thomas Unterman, managing member of general partner	04/16/2009
	** 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 5 (b)(v).
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