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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
REWARDS NETWORK INC [ DINE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/23/2009 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 02/23/2009 | P | 3,904 | A | $2.55 | 824,479(1) | I | See Notes(1)(2) | ||
Common Stock | 02/23/2009 | P | 31,881 | A | $2.5 | 856,360(1) | I | See Notes(1)(2) | ||
Common Stock | 02/24/2009 | P | 2,385 | A | $2.75 | 858,745(1) | I | See Notes(1)(2) | ||
Common Stock | 02/25/2009 | P | 10,714 | A | $2.81 | 869,459(1) | I | See Notes(1)(2) | ||
Common Stock | 02/27/2009 | P | 4,511 | A | $2.96 | 873,970(1) | I | See Notes(1)(2) | ||
Common Stock | 03/02/2009 | P | 1,026 | A | $2.94 | 874,996(1) | I | See Notes(1)(2) | ||
Common Stock | 03/03/2009 | P | 2,368 | A | $2.97 | 877,364(1) | I | See Notes(1)(2) | ||
Common Stock | 03/03/2009 | S | 106 | D | $2.97 | 877,258(1) | I | See Notes(1)(2) | ||
Common Stock | 03/04/2009 | P | 1,233 | A | $3.01 | 878,491(1) | I | See Notes(1)(2) | ||
Common Stock | 03/05/2009 | P | 2,524 | A | $2.94 | 881,015(1) | I | See Notes(1)(2) | ||
Common Stock | 03/09/2009 | P | 1,650 | A | $2.9 | 882,665(1) | I | See Notes(1)(2) | ||
Common Stock | 03/10/2009 | P | 953 | A | $3.04 | 883,618(1) | I | See Notes(1)(2) | ||
Common Stock | 03/13/2009 | S | 56,530 | D | $3.33 | 827,088(1) | I | See Notes(1)(2) | ||
Common Stock | 03/20/2009 | S | 44,164 | D | $3.18 | 782,924(1) | I | See Notes(1)(2) | ||
Common Stock | 03/23/2009 | P | 2,981 | A | $3.2 | 785,905(1) | I | See Notes(1)(2) | ||
Common Stock | 03/24/2009 | P | 1,767 | A | $3.42 | 787,672(1) | I | See Notes(1)(2) | ||
Common Stock | 03/30/2009 | P | 1,905 | A | $3.41 | 789,577(1) | I | See Notes(1)(2) | ||
Common Stock | 04/01/2009 | S | 10,077 | D | $3.31 | 728,518(1)(3) | I | See Notes(1)(2) | ||
Common Stock | 04/07/2009 | S | 7,198 | D | $3.06 | 721,320(1) | I | See Notes(1)(2) | ||
Common Stock | 04/07/2009 | S | 461 | D | $3.03 | 720,859(1) | I | See Notes(1)(2) | ||
Common Stock | 04/09/2009 | S | 8,637 | D | $3.04 | 712,222(1) | I | See Notes(1)(2) | ||
Common Stock | 04/15/2009 | S | 48,944 | D | $2.72 | 663,278(1) | I | See Notes(1)(2) | ||
Common Stock | 04/17/2009 | P | 7,456 | A | $2.78 | 670,734(1) | I | See Notes(1)(2) | ||
Common Stock | 04/17/2009 | S | 175,407 | D | $2.68 | 495,327(1) | I | See Notes(1)(2) | ||
Common Stock | 04/17/2009 | S | 60,426 | D | $2.67 | 434,901(1) | I | See Notes(1)(2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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. These securities represent the pecuniary interest of WC Capital Management, LLC, a California limited liability company ("WC"), Aaron H. Braun (collectively with WC, the "Filers") and their affiliates in securities held directly by an investment limited partnership of which WC is the general partner and investment adviser, for the benefit of the investors in that partnership. The number of shares reported in Column 5 are the number of shares held after the reported transaction by the partnership with respect to which the Filers are filing this Form 4. |
2. These securities are held by a different partnership than those reported on the Filers' Form 4 filed on the same date as this Form 4 reporting transactions in the Issuer's common stock for the period February 23, 2009 through March 13, 2009, by that other partnership. WC is an investment adviser certified in the State of California. Mr. Braun is the manager and controlling owner of WC. The Filers are filing this Form 4 jointly, but not as a group, and each of them expressly disclaims membership in a group within the meaning of rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended. |
3. The Filers' ownership interest in the partnership to which this Form 4 relates changed between the date of this transaction and the date of the previously reported transaction, resulting in a change in the Filers' pecuniary interest in the shares reported. The amount of securities beneficially owned by the Filers after this transaction reflects a difference of 50,982 shares resulting from that change, but does not reflect any change in the number of shares held by that partnership or any purchases or sales of the Issuer's securities by the Filers or their affiliates. |
WC Capital Management, LLC, by Aaron H. Braun, Manager | 09/08/2009 | |
** 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. | ||
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. |