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 * RADICAL HOLDINGS LP   2. Issuer Name and Ticker or Trading Symbol IMMEDIATEK INC [IMKI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 5424 DELOACHE AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 07/18/2008 (Street) DALLAS, TX 75220 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ 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) Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Series B Convertible Preferred Stock

$ 2.1627 (1)

07/18/2008

(1)

P

69,726

07/18/2008

(1)

Common Stock

(1)

$ 7.1709

69,726

D (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RADICAL HOLDINGS LP 5424 DELOACHE AVENUE DALLAS, TX 75220		X
CUBAN MARK PO BOX 12388 DALLAS, TX 75225		X

Signatures

Mark Cuban, as President of Radical Management LLC, general partner of Radical Holdings LP		07/18/2008
**Signature of Reporting Person		Date
Mark Cuban		07/18/2008
**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)	Shares of the Series B Convertible Preferred Stock are convertible, at any time while they are outstanding at the option of the holder, into that number of full shares of common stock of the issuer representing 1.50809% of the common stock of the issuer outstanding after giving effect to the conversion. The initial conversion price is $2.162676, which is subject to adjustment to result in that number of shares of common stock being issuable upon conversion of the Series B Convertible Preferred Stock in accordance with the foregoing sentence.
(2)	The reported securities are owned directly by Radical Holdings LP and indirectly by Radical Management LLC, as general partner of Radical Holdings LP, and Mark Cuban, as an indirect owner of Radical Holdings LP and Radical Management LLC. Radical Management LLC and Mr. Cuban disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest therein.
Remarks: This Form 4 is filed jointly by Radical Holdings LP, Radical Management, LLC, the sole general partner of Radical Holdings LP, and Mark Cuban, a limited partner of Radical Holdings LP and member of Radical Management, LLC, as a 10% or greater owner of the issuer. Radical Holdings LP also may be deemed to be a director by virtue of its right to designate the members of the issuer's board of directors.

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