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Filing Details

Accession Number:: 0001144204-11-066273
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-11-21 17:12:12
Reporting Period:: 2011-11-18

Filing Date:: 2011-11-21
Accepted Time:: 2011-11-21 17:12:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1076700	Kit Digital Inc.	KITD	Services-Services, Nec (8900)	113447894

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1424583	Kaleil Tuzman Isaza	Po Box 487928 Dubai C0 00000	Chairman & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	Disposition	2011-11-18	677,000	$10.46	2,171,290	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote

Footnotes

KIT Media Ltd. ("KIT Media"), the direct seller of the shares reported in Column 4 of Table I above, is an investment fund that was formed in 2008 principally to make investments in the Issuer, including but not limited to its investments in public share offerings by the Issuer in May 2008, December 2008 and August 2009. The Reporting Person, who is the Chairman and Chief Executive Officer of the Issuer, holds a controlling interest in KIT Media and holds voting and dispositive power over the shares directly held by KIT Media. The net proceeds from this sale by KIT Media will be used to redeem the equity interests of KIT Media held by certain persons that are not employees, officers, directors or affiliates of the Issuer or the Reporting Person.
This share sale by KIT Media was accomplished as soon as the Issuer's post-Q3 earnings "black-out period" concluded and the timing of this KIT Media share sale was pursuant to previously submitted distribution requests of equity holders in KIT Media who are not employees, officers, directors or affiliates of the Issuer or the Reporting Person, after the conclusion of these equity holders' initial three-year holding period from KIT Media's formation. It is important to note that the proceeds from this sale by KIT Media will be paid to equity holders in KIT Media who are not employees, officers, directors or affiliates of the Issuer or the Reporting Person.
Includes securities held by the Reporting Person, KIT Media and KIT Capital, Ltd, an entity controlled by the Reporting Person.