Filing Details

Accession Number:
0001013594-10-000595
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-07-06 13:00:00
Reporting Period:
2010-07-01
Filing Date:
2010-07-06
Accepted Time:
2010-07-06 17:31:40
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
911002 Lodgenet Interactive Corp LNET Communications Services, Nec (4899) 460371161
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1178179 Black Horse Capital Lp 338 S. Sharon Amity Rd., #202
Charlotte NC 28211
No No Yes No
1341160 P L Qp Capital Horse Black 338 S. Sharon Amity Rd., #202
Charlotte NC 28211
No No Yes No
1379459 Dale Chappell 338 S. Sharon Amity Rd., #202
Charlotte NC 28211
No No Yes No
1379554 Black Horse Capital Management Llc 338 S. Sharon Amity Rd., #202
Charlotte NC 28211
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-07-01 294,421 $3.40 966,430 No 4 S Direct
Common Stock Disposition 2010-07-01 109,122 $3.40 315,597 No 4 S Direct
Common Stock Disposition 2010-07-01 132,157 $3.40 360,420 No 4 S Direct
Common Stock Disposition 2010-07-02 92,334 $3.26 874,096 No 4 S Direct
Common Stock Disposition 2010-07-02 34,221 $3.26 281,376 No 4 S Direct
Common Stock Disposition 2010-07-02 41,445 $3.26 318,975 No 4 S Direct
Common Stock Disposition 2010-07-06 43,035 $3.24 831,061 No 4 S Direct
Common Stock Disposition 2010-07-06 15,949 $3.24 265,427 No 4 S Direct
Common Stock Disposition 2010-07-06 19,316 $3.24 299,659 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. Represents securities owned directly by Black Horse Capital LP ("Black Horse Capital Fund"). Black Horse Capital Fund additionally owns 2,477 shares of the issuer's 10% Series B Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock").
  2. Represents securities owned directly by Black Horse Capital (QP) LP ("Black Horse QP Fund"). Black Horse QP Fund additionally owns 1,079 shares of the issuer's Preferred Stock.
  3. Represents securities owned directly by Black Horse Capital Master Fund Ltd. (the "Black Horse Offshore Fund"). Black Horse Offshore Fund additionally owns 1,390 shares of the issuer's Preferred Stock.
  4. Black Horse Capital Management LLC ("Black Horse Management") is the managing general partner of the Black Horse Capital Fund and Black Horse QP and is the investment manager of Black Horse Offshore Fund, and may be deemed to indirectly beneficially own the shares owned by such funds. Dale Chappell is the managing member of Black Horse Management and is deemed to indirectly beneficially own the shares of stock beneficially owned by Black Horse Management.
  5. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any of the persons reporting on this Form 4 that he or it, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form.