Inuvo, Inc. — Director's Dealing 2015

Oct 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Inuvo, Inc. (INUV)
CIK: 0000829323
Period of Report: 2015-08-04

Reporting Person: PISARIS JOHN B (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-06	Common Stock	M	1667.0000	$0.0000	Acquired	289272.0000	Direct
2015-10-06	Common Stock	F	456.0000	$2.8300	Disposed	288816.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-04	Restricted Stock Unit	$	A	12075.0000	Acquired	2018-08-04	Common Stock (12075.0000)	Direct
2015-10-06	Restricted Stock Unit	$	M	1667.0000	Disposed	2016-10-06	Common Stock (1667.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	186.0000	Indirect
Common Stock	1985.0000	Indirect

Footnotes

F1: Shares withheld by Inuvo, Inc. to satisfy the individual's withholding taxes payable upon vesting of restricted stock units.

F2: Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.

F3: Restricted stock unit vests 25% on the first and second anniversaries of the date of grant and 50% on the third anniversary of the date of grant.

F4: The restricted stock units become vested 33.33% per year beginning on the first anniversary of the date of grant.