BEASLEY BROADCAST GROUP INC — Director's Dealing 2007

Dec 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BEASLEY BROADCAST GROUP INC (BBGI)
CIK: 0001099160
Period of Report: 2007-12-13

Reporting Person: DEEPHAVEN CAPITAL MANAGEMENT LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-13	Common Stock	S	68000	$7.2485	Disposed	1730258	Indirect

Footnotes

F1: Deephaven Capital Management LLC ("Deephaven") is the investment manager to one or more private funds and/or separately managed accounts (collectively, the "Funds"). As investment manager to the Funds, Deephaven has full voting and dispositive power with respect to the 1,730,258 shares of the common stock of the Issuer ("Common Stock") held by the Funds. Deephaven disclaims beneficial ownership of such shares of Common Stock except to the extent of its pecuniary interest in such shares.