Form 144

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 144

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  OMB Number:   3235-0101
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NOTICE OF PROPOSED SALE OF SECURITIES

PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

   SEC USE ONLY
 
 

DOCUMENT SEQUENCE NO.        

 

ATTENTION:   Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.

   CUSIP NUMBER
   

WORK LOCATION

 

1(a) NAME OF ISSUER (Please type or print)

Blockbuster Inc.

  

(b) IRS IDENT. NO.

52-1655102

 

         

(c) S.E.C. FILE NO.

001-15153

  (d) ADDRESS OF ISSUER    STREET   

CITY

    STATE    ZIP CODE       (e) TELEPHONE NO.
     Elm Street   

Dallas

    TX    75270   AREA CODE    NUMBER
1201                   214    854-3000

2(a) NAME OF PERSON FOR WHOSE

        ACCOUNT THE SECURITIES

        ARE TO BE SOLD

    Larry J. Zine

   

(b) IRS IDENT. NO.

  

(c) RELATIONSHIP

      TO ISSUER

 

Officer

   

(d) ADDRESS

 

1201

   

STREET

 

Elm Street

   

CITY

 

Dallas

   

STATE

 

TX

   

ZIP CODE

 

75270

 

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

 

3(a)

    (b)    SEC USE ONLY    (c)    (d)    (e)    (f)    (g)

Title of the

Class of

Securities

To Be Sold

   

Name and Address of Each Broker

Through Whom the Securities are

to be Offered or Each Market

Maker who is Acquiring

the Securities

   

Broker-Dealer

File Number

   

Number of Shares

or Other Units

To Be Sold

(See Instr. 3(c))

   

Aggregate

Market Value

(See Instr. 3(d))

   

Number of Shares

or Other Units

Outstanding

(See Instr. 3(e))

   

Approximate

Date of Sale

(See Instr. 3(f))

(MO. DAY YR.)

   

Name of Each

Securities

Exchange

(See Instr. 3(g))

Class A Common Stock   

BNY Brokerage Inc.

1633 Broadway, 48th Floor

New York, NY 10019

        

Up to approx.

99,000

(see Remarks)

   

Approx.

$374,220

(see Remarks)

    119,458,360   

12/21/05-

12/23/05

(see Remarks)

    NYSE

 

INSTRUCTIONS:

 

1.

   (a)   Name of issuer
    (b)   Issuer’s I.R.S. Identification Number
    (c)   Issuer’s S.E.C. file number, if any
   

(d)

(e)

  

Issuer’s address, including zip code

Issuer’s telephone number, including area code

2.

   (a)   Name of person for whose account the securities are to be sold
   

(b)

   Such person’s I.R.S. identification number, if such person is an entity
    (c)   Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)
    (d)   Such person’s address, including zip code
3.   (a)   Title of the class of securities to be sold
    (b)   Name and address of each broker through whom the securities are intended to be sold
    (c)   Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
    (d)   Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
    (e)  

Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer

Approximate date on which the securities are to be sold

    (f)  
    (g)   Name of each securities exchange, if any, on which the securities are intended to be sold

TABLE I—SECURITIES TO BE SOLD

 

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration therefor:

 

Title of

the Class

  

Date you

Acquired

   Nature of Acquisition Transaction  

Name of Person from Whom Acquired

(If gift, also give date donor acquired)

   Amount of
Securities Acquired		   Date of
Payment		   Nature of Payment
Class A
Common Stock		   12/10/04
(see Remarks)		   Receipt of restricted shares in exchange
for eligible unexercised stock options
(see Remarks)		   Blockbuster Inc.   556,909   12/10/04
(see Remarks)		   Tendered stock
options
(see Remarks)
Class A
Common Stock		   12/20/04
(see Remarks)		   Grant of restricted shares
(see Remarks)		   Blockbuster Inc.   250,000   N/A
(see Remarks)		   N/A
(see Remarks)

INSTRUCTIONS:

    If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

 

 

TABLE II—SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

 

Name and Address of Seller   Title of Securities Sold   Date of Sale   Amount of
Securities Sold		   Gross Proceeds
                 

 

REMARKS:         The shares of class A common stock covered by this Form 144 are being sold pursuant to pre-arranged stock sales arrangements to allow the Seller to sell a portion of his vested shares of restricted stock to satisfy tax withholding obligations. The arrangements were put in place in accordance with Rule 10b-5 under the Securities Exchange Act of 1934, and the representation below regarding the Seller’s knowledge of material information speaks as of the respective dates of adoption of the arrangements. The shares of restricted stock were received by the Seller in exchange for eligible unexercised stock options of the Seller and as part of a compensatory equity grant from the Issuer. The Aggregate Market Value set forth in Item 3(d) is based on the closing price of the Issuer’s class A common stock on December 20, 2005.

 

INSTRUCTIONS:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

  

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

December 21, 2005

DATE OF NOTICE

  

/s/ Larry J. Zine

(SIGNATURE)

 

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.

Any copies not manually signed shall bear typed or printed signatures.

 

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)