Inuvo, Inc. — Director's Dealing 2017

May 17, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Inuvo, Inc. (INUV)
CIK: 0000829323
Period of Report: 2017-05-15

Reporting Person: TOCQUEVILLE ASSET MANAGEMENT L.P. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-15	Common Stock	J	15790	$1.19	Disposed	2181943	Indirect

Footnotes

F1: (I) The reported shares are in accounts of clients of Tocqueville Asset Management, L.P. (The "Reported Person"). The Reporting Person may be deemed to be the beneficial owner of the reported shares. The Reporting Person disclaims beneficial ownership of the reported shares except to the extend of his or its pecuniary interest therein, and his report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of Securities Exchange Act of 1934, as amended, or for any other purpose.

F2: Charles D. Morgan, a related person of Tocqueville Asset Management, L.P., serves as a Director of Inuvo, Inc. Rich Howe, an advisory client of Tocqueville Asset Management, L.P., serves as Chairman and CEO of Inuvo, Inc.

F3: On May 15, 2017, 15,790 shares of Inuvo, Inc. were transferred into advisory accounts of Tocqueville Asset Management, L.P.