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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X
 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*
MOOG MATTHEW
(Last) (First) (Middle)
C/O COOLSAVINGS, INC.
360 NORTH MICHIGAN AVENUE, 19TH FLOOR
(Street)
CHICAGO IL 60601
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COOLSAVINGS INC [ CSAV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
12/16/2005
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 12/15/2005 M 1,474,559 D $0.8 0 D
Common Stock 12/15/2005 M 328,571 A $0.2 1,653,308 D
Common Stock 12/15/2005 S 328,571 D $0.8 0 D
Common Stock 12/15/2005 M 324,737 A $0.2 1,653,308 D
Common Stock 12/15/2005 S 324,737 D $0.8 0 D
Common Stock 12/15/2005 M 750,000 A $0.2 1,653,308 D
Common Stock 12/15/2005 S 750,000 D $0.8 0 D
Common Stock 12/15/2005 M 250,000 A $0.2 1,653,308 D
Common Stock 12/15/2005 S 250,000 D $0.8 0 D
Common Stock 12/15/2005 S 6,250 D $0.8 0 I Footnote(1)
Common Stock 12/15/2005 S 6,250 D $0.8 0 I Footnote(2)
Common Stock 12/15/2005 S 62,500 D $0.8 0 I Footnote(3)
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
Common Stock Options $0.2 12/15/2005 M 328,571 01/01/2003(4) 01/01/2012 Common Stock 328,571 $0 1,653,308 D
Common Stock Options $0.28 12/15/2005 M 324,737 10/15/1997(5) 10/15/2006 Common Stock 324,737 $0 1,653,308 D
Common Stock Options $0.4 12/15/2005 M 750,000 07/30/2002(6) 07/30/2011 Common Stock 750,000 $0 1,653,308 D
Common Stock Options $0.5 12/15/2005 M 250,000 03/23/2002(7) 03/23/2011 Common Stock 250,000 $0 1,653,308 D
Explanation of Responses:
1. The shares are held by the Mr. Eli Kraft Moog, Mr. Matthew Moog's son.
2. The shares are held by the Mr. Charlie Kraft Moog, Mr. Matthew Moog's son.
3. These shares are held by the Matt and Lucy Moog Gift Fund, which is controlled by Mr. Moog.
4. Mr. Moog's common stock options vested equally over a 4 year period, with the first 25% vesting on January 1, 2003 and the remainder vesting each subsequent anniversary thereafter. The vesting of the last 25% were accelerated due to the closing of the Going Private transaction completed by Landmark Communications, Inc.
5. Mr. Moog's common stock options vested equally over a 4 year period, with the first 25% vesting on October 15, 1997 and the remainder vesting each subsequent anniversary thereafter.
6. Mr. Moog's common stock options vested equally over a 4 year period, with the first 25% vesting on July 30, 2002 and the remainder vesting each subsequent anniversary thereafter.
7. Mr. Moog's common stock options vested equally over a 4 year period, with the first 25% vesting on March 23, 2002 and the remainder vesting each subsequent anniversary thereafter.
Matthew Moog 12/16/2005
** 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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