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Ownership Document
|
| Schema Version: X0303 |
| Document Type: 4 |
| Period of Report: 1/27/09 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1367993 |
| Issuer Name: Legend Media, Inc. |
| Issuer Trading Symbol: LEGE |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1444642 |
| | Owner Name: Dash Jeffrey |
| Reporting Owner Address: |
| | Owner Street 1: C/O LEGEND MEDIA, INC. |
| | Owner Street 2: 9663 SANTA MONICA BLVD., #952 |
| | Owner City: BEVERLY HILLS |
| | Owner State: CA |
| | Owner ZIP Code: 80210 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: CEO & CFO |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 1/27/09 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2,500 |
| | | Transaction Price Per Share: |
| Value: .25 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 553,500 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 2.50 |
| | Exercise Date: |
| | | Value: 4/30/08 |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Value: 1/30/18 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 400,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 400,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Options to purchase 100,000 shares of common stock vest on this date and options to purchase 30,000 shares of common stock vest at the end of each three months thereafter. |
| Owner Signature: |
| Signature Name: /s/ Jeffrey Dash |
| Signature Date: 1/2/09 |
