Statement of Changes of Beneficial Ownership

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
                                                                                  
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OMB Number: 3235-0287
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Swayne Gregory 		2. Issuer Name and Ticker or Trading Symbol

Remark Media, Inc. [ MARK ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

SIX CONCOURSE PARKWAY, SUITE 1500 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/28/2012
(Street)

ATLANTA, GA 30328
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   3/28/2012     A    4000.0000   (1) A $0.0000   14308.0000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Nonqualified Stock Option (Right to Buy)   $65.0000                      (2) 8/23/2016   Common Stock   10000.0000     10000.0000   D    
Nonqualified Stock Option (Right to Buy)   $71.0000                      (2) 10/10/2017   Common Stock   10000.0000     10000.0000   D    
Nonqualified Stock Option (Right to Buy)   $3.9000                      (2) 11/5/2019   (3) Common Stock   31000.0000     31000.0000   D    
Stock Option (Right to Buy)   $2.8800                      (2) 2/25/2021   (3) Common Stock   21575.0000     21575.0000   D    
Stock Option (Right to Buy)   $6.0600                      (2) 9/21/2020   (3) Common Stock   15000.0000     15000.0000   D    
Stock Option (Right to Buy)   $32.5000                    1/31/2009   (2) 8/12/2018   Common Stock   1002.0000     1002.0000   D    

Explanation of Responses:
( 1)  Represents a restricted stock award that fully vests December 31, 2012, provided director attends at least 75% of Board meetings, or if less, on a pro rated basis.
( 2)  All options are currently exercisable.
( 3)  The expiration date is the earlier of the expiration date set forth in Column 6, or two years from the date on which the optionee ceases to be a member of the Company's Board of Directors.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Swayne Gregory
SIX CONCOURSE PARKWAY, SUITE 1500
ATLANTA, GA 30328 		X



Signatures
/s/ Bradley Zimmer, by Power of Attorney 3/30/2012
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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