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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 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*
King Robert W
(Last) (First) (Middle)
C/O PLANETOUT INC.
1355 SANSOME STREET
(Street)
SAN FRANCISCO CA 94111
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PLANETOUT INC [ LGBT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2005
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 03/31/2005 X 63,267 A $4.07 872,649 I See Footnote(1)
Common Stock 12/07/2005 S 300 D $8.01 872,349 I See Footnote(1)
Common Stock 12/07/2005 S 100 D $8.05 872,249 I See Footnote(1)
Common Stock 12/07/2005 S 100 D $8.06 872,149 I See Footnote(1)
Common Stock 12/07/2005 S 500 D $8.12 871,649 I See Footnote(1)
Common Stock 12/07/2005 S 200 D $8.13 871,449 I See Footnote(1)
Common Stock 12/07/2005 S 500 D $8.1301 870,949 I See Footnote(1)
Common Stock 12/07/2005 S 500 D $8.131 870,449 I See Footnote(1)
Common Stock 12/07/2005 S 1,500 D $8.14 868,949 I See Footnote(1)
Common Stock 12/07/2005 S 400 D $8.1401 868,549 I See Footnote(1)
Common Stock 12/07/2005 S 700 D $8.15 867,849 I See Footnote(1)
Common Stock 12/07/2005 S 1,000 D $8.1601 866,849 I See Footnote(1)
Common Stock 12/07/2005 S 100 D $8.17 866,749 I See Footnote(1)
Common Stock 12/07/2005 S 200 D $8.18 866,549 I See Footnote(1)
Common Stock 12/07/2005 S 700 D $8.19 865,849 I See Footnote(1)
Common Stock 12/07/2005 S 200 D $8.1901 865,649 I See Footnote(1)
Common Stock 12/07/2005 S 500 D $8.2 865,149 I See Footnote(1)
Common Stock 12/07/2005 S 1,000 D $8.2001 864,149 I See Footnote(1)
Common Stock 12/07/2005 S 300 D $8.22 863,849 I See Footnote(1)
Common Stock 12/07/2005 S 600 D $8.23 863,249 I See Footnote(1)
Common Stock 12/07/2005 S 975 D $8.25 862,274 I See Footnote(1)
Common Stock 12/07/2005 S 325 D $8.26 861,949 I See Footnote(1)
Common Stock 12/07/2005 S 70 D $8.27 861,879 I See Footnote(1)
Common Stock 12/07/2005 S 830 D $8.28 861,049 I See Footnote(1)
Common Stock 12/07/2005 S 100 D $8.2801 860,949 I See Footnote(1)
Common Stock 12/07/2005 S 300 D $8.29 860,649 I See Footnote(1)
Common Stock 12/07/2005 S 1,500 D $8.291 859,149 I See Footnote(1)
Common Stock 12/07/2005 S 600 D $8.3001 858,549 I See Footnote(1)
Common Stock 12/07/2005 S 400 D $8.301 858,149 I See Footnote(1)
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
Warrant (Right to buy Common Stock) $4.07 03/31/2005 X 63,267 05/01/2001 (2) Common Stock 63,267 $0 0 I See Footnote(3)
Explanation of Responses:
1. 827,195 shares are held by Petunia Resources, Ltd. and the remainder by Peter A. Allard. Mr. King is an advisor to both Petunia Resources, Ltd. and Mr. Allard and is Mr. Allard's nephew. Mr. King disclaims beneficial ownership of the shares held by Petunia Resources, Ltd. and its affiliates, except to the extent of his pecuniary interests.
2. The warrant was scheduled to expire on the 179th day following the closing of the Issuer's initial public offering.
3. The warrant and the shares underlying the warrant were held by Petunia Resources, Ltd. Mr. King is an advisor to Petunia Resources, Ltd. and the nephew of Peter Allard, a principal of Petunia Resources, Ltd. Mr. King disclaims beneficial ownership of the securities held by Petunia Resources, Ltd. and its affiliates, except to the extent of his pecuniary interests.
Remarks:
/s/ Todd Huge, attorney-in-fact for Robert W. King 12/09/2005
** 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.
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.