Inuvo, Inc. — Director's Dealing 2017

Jul 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Inuvo, Inc. (INUV)
CIK: 0000829323
Period of Report: 2017-07-27

Reporting Person: RUIZ WALLACE D (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-27	Common Stock	M	11250.0000	$0.0000	Acquired	280334.0000	Direct
2017-07-27	Common Stock	F	4955.0000	$1.1000	Disposed	275379.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-27	Restricted Stock Unit	$	M	11250.0000	Disposed	2018-07-27	Common Stock (11250.0000)	Direct

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