SourceForge investor Marlin Sams reports purchase of 2.43 million shares, 17.2% interest

By Lisa Kerner

Charlotte, N.C., Dec. 9 - SourceForge, Inc. investors led by Marlin Sams Fund LP bought 2,429,901 shares of the company's stock on Dec. 5 and Dec. 8 at prices from $0.6675 to $0.886 each.

The transactions were reported in a schedule 13D/A filed with the Securities and Exchange Commission.

With the purchases, the investors increased their ownership in the company to 17.2%, from 13.7% on Sept. 15.

William M. Sams beneficially owns approximately 11.82 million shares of the Mountain View, Calif.-based company's outstanding stock.

SourceForge owns and operates a network of media web sites serving IT professionals.

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