Edgar Filing: CUBAN MARK

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â RADICAL HOLDINGS LP

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2006

3. Issuer Name and Ticker or Trading Symbol
IMMEDIATEK INC [IMKIOB]

(Last)

(First)

(Middle)

5424 DELOACHE AVENUE

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

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

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

(Street)

DALLAS,Â TXÂ 75220

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 Beneficially Owned

1.Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Convertible Preferred Stock	06/08/2006	Â ⁽¹⁾	Common Stock	⁽¹⁾	$ ⁽¹⁾	D ⁽²⁾	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
RADICAL HOLDINGS LP 5424 DELOACHE AVENUE DALLAS,Â TXÂ 75220	Â	Â X	Â	Â
CUBAN MARK P. O. BOX 12388 DALLAS,Â TXÂ 75225	Â	Â X	Â	Â

Signatures

/s/ MARK CUBAN, as President of Radical Management LLC, general partner of Radical Holdings LP		06/13/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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 A 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 95% of the common stock of the issuer outstanding after giving effect to the conversion. The initial conversion price is $0.487189593, which is subject to adjustment to result in that number of shares of common stock being issuable upon conversion of the Series A 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.
Â Remarks: ThisÂ reportÂ isÂ filedÂ jointlyÂ byÂ RadicalÂ HoldingsÂ LP,Â RadicalÂ ManagementÂ LLC,Â theÂ generalÂ partnerÂ ofÂ RadicalÂ HoldingsÂ LP,Â and Â MarkÂ Cuban,Â anÂ indirectÂ ownerÂ ofÂ RadicalÂ HoldingsÂ LPÂ andÂ RadicalÂ ManagementÂ LLC,Â asÂ 10%Â ownersÂ ofÂ theÂ issuer.Â Â Radical Â Holdings Â LPÂ alsoÂ mayÂ beÂ deemedÂ aÂ directorÂ byÂ virtueÂ ofÂ itsÂ rightÂ toÂ designateÂ theÂ membersÂ ofÂ issuer'sÂ boardÂ ofÂ directors.

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