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*
WATTLES MARK J
(Last) (First) (Middle)
7945 W. SAHARA AVE., SUITE 205
(Street)
LAS VEGAS NV 89117
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLOCKBUSTER INC [ BBI ] 		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)
07/15/2010
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
Class B Common Stock 07/15/2010 S 2,500 D $0.078 11,074,500 I See Notes(1)(19)
Class B Common Stock 07/15/2010 S 11,200 D $0.0755 11,036,300 I See Notes(2)(19)
Class B Common Stock 07/15/2010 S 2,500 D $0.0754 11,033,800 I See Notes(3)(19)
Class B Common Stock 07/15/2010 S 10,000 D $0.0751 11,023,800 I See Notes(4)(19)
Class B Common Stock 07/15/2010 S 2,500 D $0.0752 11,021,300 I See Notes(5)(19)
Class B Common Stock 07/15/2010 S 17,400 D $0.075 11,003,900 I See Notes(6)(19)
Class B Common Stock 07/15/2010 S 15,000 D $0.077 10,988,900 I See Notes(7)(19)
Class B Common Stock 07/15/2010 S 170,000 D $0.079 10,818,900 I See Notes(8)(19)
Class B Common Stock 07/15/2010 S 18,900 D $0.08 10,800,000 I See Notes(9)(19)
Class B Common Stock 07/15/2010 S 25,500 D $0.0855 10,774,500 I See Notes(10)(19)
Class B Common Stock 07/15/2010 S 2,500 D $0.0815 10,772,000 I See Notes(11)(19)
Class B Common Stock 07/15/2010 S 2,500 D $0.0805 10,769,500 I See Notes(12)(19)
Class B Common Stock 07/16/2010 S 25,000 D $0.079 10,744,500 I See Notes(13)(19)
Class B Common Stock 07/16/2010 S 4,800 D $0.0746 10,739,700 I See Notes(14)(19)
Class B Common Stock 07/16/2010 S 24,900 D $0.076 10,714,800 I See Notes(15)(19)
Class B Common Stock 07/16/2010 S 2,500 D $0.075 10,712,300 I See Notes(16)(19)
Class B Common Stock 07/16/2010 S 56,200 D $0.0745 10,656,100 I See Notes(17)(19)
Class B Common Stock 07/16/2010 S 113,610 D $0.07 10,542,490 I See Notes(18)(19)
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*
WATTLES MARK J
(Last) (First) (Middle)
7945 W. SAHARA AVE., SUITE 205
(Street)
LAS VEGAS NV 89117
(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*
WATTLES CAPITAL MANAGEMENT, LLC
(Last) (First) (Middle)
7945 W. SAHARA AVE., SUITE 205
(Street)
LAS VEGAS NV 89117
(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. Includes 7,662,750 shares held directly by WCM and 3,384,750 shares held directly by HKW Trust.
2. Includes 7,652,670 shares held directly by WCM and 3,383,630 shares held directly by HKW Trust.
3. Includes 7,650,420 shares held directly by WCM and 3,383,380 shares held directly by HKW Trust.
4. Includes 7,641,420 shares held directly by WCM and 3,382,380 shares held directly by HKW Trust.
5. Includes 7,639,170 shares held directly by WCM and 3,382,130 shares held directly by HKW Trust.
6. Includes 7,623,510 shares held directly by WCM and 3,380,390 shares held directly by HKW Trust.
7. Includes 7,610,010 shares held directly by WCM and 3,378,890 shares held directly by HKW Trust.
8. Includes 7,457,010 shares held directly by WCM and 3,361,890 shares held directly by HKW Trust.
9. Includes 7,440,000 shares held directly by WCM and 3,360,000 shares held directly by HKW Trust.
10. Includes 7,417,050 shares held directly by WCM and 3,357,450 shares held directly by HKW Trust.
11. Includes 7,414,800 shares held directly by WCM and 3,357,200 shares held directly by HKW Trust.
12. Includes 7,412,550 shares held directly by WCM and 3,356,950 shares held directly by HKW Trust.
13. Includes 7,390,050 shares held directly by WCM and 3,354,450 shares held directly by HKW Trust.
14. Includes 7,385,730 shares held directly by WCM and 3,353,970 shares held directly by HKW Trust.
15. Includes 7,363,320 shares held directly by WCM and 3,351,480 shares held directly by HKW Trust.
16. Includes 7,361,070 shares held directly by WCM and 3,351,230 shares held directly by HKW Trust.
17. Includes 7,310,490 shares held directly by WCM and 3,345,610 shares held directly by HKW Trust.
18. Includes 7,208,241 shares held directly by WCM and 3,334,249 shares held directly by HKW Trust.
19. Mr. Wattles owns 100% of the membership interests of WCM. Mr. Wattles is the settler and sole trustee of HKW Trust and exercises sole discretion over HKW Trust.
Remarks:
Mark J. Wattles 07/19/2010
** 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).
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