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Ownership Document |
Schema Version: X0202 |
Document Type: 4 |
Period of Report: 7/22/05 |
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: Chief Executive Officer |
Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 100,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,841,984 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| Footnote ID: F1 |
| | | Nature of Ownership: |
| Value: (See Footnote) |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 87,043 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| Footnote ID: F2 |
| | | Nature of Ownership: |
| Value: (See Footnote) |
| 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 |
| Footnote ID: F3 |
| | | Nature of Ownership: |
| Value: (See Footnote) |
| 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 |
| Footnote ID: F4 |
| | | Nature of Ownership: |
| Value: (See Footnote) |
Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option |
| | Conversion or Exercise Price: |
| | | Value: 1.43 |
| | Exercise Date: |
| | | Value: 12/31/03 |
| | Expiration Date: |
| | | Value: 12/31/08 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 250,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 250,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option |
| | Conversion or Exercise Price: |
| | | Value: 8.61 |
| | Exercise Date: |
| | | Value: 7/22/06 |
| | Expiration Date: |
| | | Value: 7/22/15 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 100,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 100,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Shares owned by American Investment Holding Group, which is 50% owned by Dennis Michael Nouri |
| Footnote - F2: Shares owned by Charter Holding LLC, which is 100% owned by Dennis Michael Nouri |
| Footnote - F3: Shares held by Dennis Michael Nouri as trustee for Leon Sokolic |
| Footnote - F4: Shares held by Dennis Michael Nouri as trustee for Moshe DaBush |
Owner Signature: |
| Signature Name: Dennis Michael Nouri |
| Signature Date: 7/26/05 |