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Nouri Dennis Michael – ‘4’ for 10/10/06 re: MobileSmith, Inc.

On:  Tuesday, 1/23/07, at 6:40pm ET   ·   For:  10/10/06   ·   As:  Director, Officer and 10% Owner   ·   Accession #:  1113513-7-8   ·   File #:  1-32634

Previous ‘4’:  ‘4/A’ on 1/17/07 for 1/12/07   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/23/07  Nouri Dennis Michael              4          D,O,%Owner  1:14K  Smart Online Inc.                 Smart Online Inc.

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     14K 
                Securities by an Insider -- primary_doc.xml/2.2


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
Plain Text rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0202
Document Type:  4
Period of Report:  10/10/06
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1113513
Issuer Name:  SMART ONLINE INC
Issuer Trading Symbol:  SOLN
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1316206
Owner Name:  Nouri Dennis Michael
Reporting Owner Address:
Owner Street 1:  2530 MERIDAN PARKWAY
Owner Street 2:
Owner City:  DURHAM
Owner State:  NC
Owner ZIP Code:  27713
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  Yes
Is Other?  No
Officer Title:  President and CEO
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  10/10/06
Footnote ID:  F1
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  87,043
Transaction Price Per Share:
Value:  1.5176
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See fn.
Footnote ID:  F2
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  10/10/06
Footnote ID:  F1
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  160,000
Transaction Price Per Share:
Value:  1.5176
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,262,015.77
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  1/19/07
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  192,000
Footnote ID:  F3
Transaction Price Per Share:
Footnote ID:  F4
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,070,015.77
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  1/19/07
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  216,175
Footnote ID:  F3
Transaction Price Per Share:
Footnote ID:  F5
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  853,840.77
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  1/19/07
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  57,328
Footnote ID:  F3
Transaction Price Per Share:
Footnote ID:  F6
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  796,512.77
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  1/19/07
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  56,206
Footnote ID:  F3
Transaction Price Per Share:
Footnote ID:  F7
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  740,306.77
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  1/19/07
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  900
Footnote ID:  F8
Transaction Price Per Share:
Value:  3
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  739,406.77
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  1/19/07
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  S
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  900
Footnote ID:  F8
Transaction Price Per Share:
Value:  3
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  264,731
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By spouse.
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  16,500
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See fn.
Footnote ID:  F9
Non-Derivative Holding:
Security Title:
Value:  Common Stock
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  6,500
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See fn.
Footnote ID:  F10
Footnotes:
Footnote - F1:  The agreement to sell these shares was made on October 10, 2006. Consideration paid for the shares was made in installments over a period of time and the agreement included certain closing conditions, including the dissolution of American Investment Holding Group Company (which was fifty percent (50%) owned by Dennis Michael Nouri) and Smart Online, Inc. entering into a registration rights agreement with the purchaser. The last of these conditions was satisfied on January 19, 2007.
Footnote - F2:  These shares were held by Charter Holdings, LLC, which is wholly owned by Dennis Michael Nouri.
Footnote - F3:  These shares were transferred pursuant to a note cancellation agreement that was approved by the Smart Online, Inc. board of directors on October 9, 2006. The note being cancelled under this agreement was made in 2005.
Footnote - F4:  Under the terms of the note cancellation agreement, a total of $809,736.49 in principal and interest was cancelled.
Footnote - F5:  Under the terms of the note cancellation agreement, a total of $324,063.49 in principal and interest was cancelled.
Footnote - F6:  Under the terms of the note cancellation agreement, a total of $87,261.40 in principal and interest was cancelled.
Footnote - F7:  Under the terms of the note cancellation agreement, a total of $85,117.28 in principal and interest was cancelled.
Footnote - F8:  These shares were sold pursuant to a Rule 10b5-1 trading plan entered into prior to the date of the transaction.
Footnote - F9:  Shares held by Dennis Michael Nouri as trustee for Leon Sokolic.
Footnote - F10:  Shares held by Dennis Michael Nouri as trustee for Moshe DaBush.
Owner Signature:
Signature Name:  /s/ Dennis Michael Nouri
Signature Date:  1/23/07


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