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LNUX Geeknet (MM)

1.44
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Geeknet (MM) NASDAQ:LNUX NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.44 0 01:00:00

- Statement of Changes in Beneficial Ownership (4)

19/05/2010 12:51am

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response...
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MARLIN SAMS FUND, L.P.
2. Issuer Name and Ticker or Trading Symbol

Geeknet, Inc [ LNUX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
See Remarks
(Last)          (First)          (Middle)

645 FIFTH AVENUE, SUITE 700
3. Date of Earliest Transaction (MM/DD/YYYY)

5/18/2010
(Street)

NEW YORK, NY 10022
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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, par value $0.001 per share   5/18/2010     P    5100   A $1.41   9890825   D   (1)  
Common Stock, par value $0.001 per share                  6400000   D   (2)  
Common Stock, par value $0.001 per share                  9890825   I   Held by Marlin Sams Fund, L.P.   (2)
Common Stock, par value $0.001 per share                  200000   I   Held by the Irrevocable Trust of Michael Solomon FBO Grace Solomon   (3)
Common Stock, par value $0.001 per share                  9890825   I   Held by Marlins Sams Fund, L.P.   (4)
Common Stock, par value $0.001 per share                  135000   D   (5)  
Common Stock, par value $0.001 per share                  9890825   I   Held by Marlins Sams Fund, L.P.   (5)
Common Stock, par value $0.001 per share                  200000   D   (6)  
Common Stock, par value $0.001 per share                  9890825   I   Held by Marlins Sams Fund, L.P.   (6)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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 shares are owned directly by Marlin Sams Fund, L.P. (the "Fund"). Marlin Sams GenPar, LLC (the "General Partner") is the general partner of the Fund. William M. Sams is a member of the General Partner. Gladwyne Marlin GenPar, LLC ("Gladwyne") is a member of the General Partner. Suzanne Present and Michael B. Solomon are members of Gladwyne. As a result, each of Gladwyne, Ms. Present and Mr. Solomon may be deemed to indirectly own the shares held directly by the Fund. Each of Mr. Sams, Gladwyne, Ms. Present and Mr. Solomon disclaim beneficial ownership of the shares directly owned by the Fund except to the extent such person has a pecuniary interest therein.
( 2)  Represents shares owned directly or indirectly by Mr. Sams. Mr. Sams disclaims beneficial ownership of the shares directly owned by the Fund except to the extent of his pecuniary interest therein.
( 3)  Represents shares owned indirectly by Mr. Sams. Mr. Sams is the co-trustee of the Irrevocable Trust of Michael Solomon FBO Grace Solomon (the "Trust"). Mr. Sams disclaims beneficial ownership of the shares directly owned by the Trust except to the extent of his pecuniary interest therein.
( 4)  Represents shares owned indirectly by Gladwyne. Gladwyne disclaims beneficial ownership of the shares directly owned by the Fund except to the extent of its pecuniary interest therein.
( 5)  Represents shares owned directly or indirectly by Suzanne Present. Ms. Present disclaims beneficial ownership of the shares directly owned by the Fund except to the extent of her pecuniary interest therein.
( 6)  Represents shares owned directly or indirectly by Michael Solomon. Mr. Solomon disclaims beneficial ownership of the shares directly owned by the Fund except to the extent of his pecuniary interest therein.

Remarks:
The reporting persons may be deemed to be members of a "group" for purposes of the Securities Exchange Act of 1934, as
amended, and as such may be deemed to own 10% of the common stock of Geeknet, Inc. The members of the group are Marlin Sams
Fund, L.P., Marlin Sams GenPar, LLC, Gladwyne Marlin GenPar, LLC, William M. Sams, Suzanne Present, Michael Solomon,
Candice McCurdy, Chad McCurdy and Mary Thomas. Each reporting person disclaims beneficial ownership of any securities
deemed to be owned by the group that are not directly owned by such reporting person. This report shall not be deemed an
admission that the reporting persons are a member of a group or the beneficial owners of any securities not directly owned
by such reporting person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MARLIN SAMS FUND, L.P.
645 FIFTH AVENUE
SUITE 700
NEW YORK, NY 10022

X
See Remarks
MARLIN SAMS GENPAR, LLC
C/O MARLIN SAMS FUND, L.P.
645 FIFTH AVENUE
NEW YORK, NY 10022

X
See Remarks
GLADWYNE MARLIN GENPAR, LLC
C/O MARLIN SAMS FUND, L.P.
645 FIFTH AVENUE
NEW YORK, NY 10022

X
See Remarks
SAMS WILLIAM M
C/O MARLIN SAMS FUND, L.P.
645 FIFTH AVENUE
NEW YORK, NY 10022

X
See Remarks
PRESENT SUZANNE
C/O MARLIN SAMS FUND, L.P.
645 FIFTH AVENUE
NEW YORK, NY 10022
X X
See Remarks
SOLOMON MICHAEL B
C/O MARLIN SAMS FUND, L.P.
645 FIFTH AVENUE
NEW YORK, NY 10022

X
See Remarks

Signatures
/s/ Suzanne Present, a managing member of Gladwyne Marlin GenPar, LLC, on behalf of Marlin Sams Fund, L.P. 5/18/2010
** Signature of Reporting Person Date

/s/ Suzanne Present, a managing member of Gladwyne Marlin GenPar, LLC, on behalf of Marlin Sams GenPar, LLC 5/18/2010
** Signature of Reporting Person Date

/s/ Suzanne Present, a managing member of Gladwyne Marlin GenPar, LLC, on behalf of Gladwyne Marlin GenPar, LLC 5/18/2010
** Signature of Reporting Person Date

/s/ William M. Sams 5/18/2010
** Signature of Reporting Person Date

/s/ Suzanne Present 5/18/2010
** Signature of Reporting Person Date

/s/ Michael Solomon 5/18/2010
** 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).
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 control number.

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