Edgar Filing: Warthen Wayne B

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Warthen Wayne B

2. Issuer Name and Ticker or Trading Symbol
LoopNet, Inc. [LOOP]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chief Technology Officer & SVP

(Last)

(First)

(Middle)

C/O LOOPNET, INC., 181 W. HUNTINGTON DRIVE, SUITE 208

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2007

(Street)

MONROVIA, CA 91016

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/03/2007		S⁽¹⁾		1,497	D	$ 14.75	394,565 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		200	D	$ 14.76	394,365 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		200	D	$ 14.78	394,165 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		200	D	$ 14.79	393,965 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		424	D	$ 14.8	393,541 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		379	D	$ 14.86	393,162 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		300	D	$ 14.91	392,862 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		300	D	$ 14.92	392,562 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		300	D	$ 14.93	392,262 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		100	D	$ 14.94	392,162 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		400	D	$ 14.95	391,762 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		300	D	$ 14.96	391,462 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock	01/03/2007		S⁽¹⁾		2,300	D	$ 15	389,162 ⁽²⁾ ⁽³⁾	I	Wayne B. Warthen and Monica L. Warthen Trust
Common Stock								161,562 ⁽²⁾	D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Warthen Wayne B C/O LOOPNET, INC. 181 W. HUNTINGTON DRIVE, SUITE 208 MONROVIA, CA 91016			Chief Technology Officer & SVP

Signatures

/s/ Maria Valles as Attorney-in-Fact		01/05/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 1, 2006.
(2)	Since the reporting person's last report, 340,858 shares previously owned directly have been transferred to the Wayne B. Warthen and Monica L. Warthen Trust.
(3)	Since the reporting person's last report, 55,204 shares previously held by PropertyFirst, LLC -- through which the Wayne B. Warthen and Monica L. Warthen Trust held the majority of the voting powers through the operating agreement of PropertyFirst, LLC -- have been distributed and are now owned by the Wayne B. Warthen and Monica L. Warthen Trust.

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