Bridgeline Digital, Inc. — Director's Dealing 2011

Nov 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bridgeline Digital, Inc. (BLIN)
CIK: 0001378590
Period of Report: 2011-11-18

Reporting Person: Zucker Brett Scott (Exec. V.P. and Chief Tech Off)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-18	Stock Option (right to buy)	$0.67	A	75000	Acquired	2021-10-28	Common Stock (75000)	Direct
2011-11-18	Stock Option (right to buy)	$1.12	D	75000	Disposed	2019-12-23	Common Stock (75000)	Direct

Footnotes

F1: This option becomes exercisable with respect to 1/3 of the underlying shares on each of October 28, 2012, October 28, 2013 and October 28, 2014.

F2: The reporting person agreed to cancellation of an option granted to him on December 23, 2009 in exchange for a new option to purchase the same number of shares having a lower exercise price.

F3: This option would have become exercisable with respect to 1/3 of the underlying shares on each of December 23, 2010, December 23, 2011 and December 23, 2012.