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
                                                                                  
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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 *

JMB Capital Partners Master Fund L.P. 		2. Issuer Name and Ticker or Trading Symbol

ARTISTDIRECT INC [ ARTDE.OB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

C/O SMITHWOOD ADVISERS, L.P., 1999 AVENUE OF THE STARS, STE. 2040 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2008
(Street)

LOS ANGELES, CA 90067
(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   12/31/2008     J (1)    5909637   (1) A $0.00   7826304   D    

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 were acquired by the Reporting Persons from the Issuer in connection with the extinguishment of obligations under the Issuer's senior debt.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
JMB Capital Partners Master Fund L.P.
C/O SMITHWOOD ADVISERS, L.P.
1999 AVENUE OF THE STARS, STE. 2040
LOS ANGELES, CA 90067
X

Smithwood Advisers, L.P.
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067
X

BROOKS JONATHAN
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067
X

Smithwood General Partner, LLC
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067
X

Smithwood Partners LLC
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067
X


Signatures
/s/By: Smithwood Partners, LLC, General Partner; By Jonathan Brooks, Managing Member 2/11/2009
** Signature of Reporting Person Date

By: Smithwood General Partner, LLC, General Partner; By: Jonathan Brooks Managing Member 2/11/2009
** Signature of Reporting Person Date

Jonathan Brooks 2/11/2009
** Signature of Reporting Person Date

By: Jonathan Brooks, Managing Member 2/11/2009
** Signature of Reporting Person Date

By: Jonathan Brooks, Managing Member 2/11/2009
** 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.
Artist Direct (CE) (USOTC:ARTD)
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Artist Direct (CE) (USOTC:ARTD)
過去 株価チャート
から 1 2024 まで 1 2025 Artist Direct (CE)のチャートをもっと見るにはこちらをクリック