Ownership Submission
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 *
Morris Ian H
   2. Issuer Name and Ticker or Trading Symbol
Market Leader, Inc. [LEDR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
11332 NE 122ND WAY, SUITE 200		 3. Date of Earliest Transaction (Month/Day/Year)
08/07/2013
(Street)

KIRKLAND, WA 98034		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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
Common Stock 08/07/2013   M   150,000 (1) A $ 5.4 310,966 D  
Common Stock 08/07/2013   M   250,000 (1) A $ 2.85 560,966 D  
Common Stock 08/07/2013   M   240,000 (1) A $ 1.96 800,966 D  
Common Stock 08/07/2013   M   210,938 (1) A $ 2.01 1,011,904 D  
Common Stock 08/07/2013   M   143,750 A $ 2.26 1,155,654 D  
Common Stock 08/07/2013   M   93,750 A $ 4.66 1,249,404 D  
Common Stock 08/07/2013   F   458,908 (6) D $ 12.48 790,496 D  
Common Stock 08/07/2013   D   143,750 D $ 12.48 646,746 D  
Common Stock 08/07/2013   D   93,750 D $ 12.48 552,996 D  

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
Option (Right to Buy) $ 5.4 08/07/2013   M     150,000 03/19/2007(2) 12/19/2016 Common Stock 150,000 $ 0 0 D  
Option (Right to Buy) $ 2.85 08/07/2013   M     250,000 10/28/2008(3) 07/28/2018 Common Stock 250,000 $ 0 0 D  
Option (Right to Buy) $ 1.96 08/07/2013   M     240,000 10/30/2009(4) 07/30/2019 Common Stock 240,000 $ 0 0 D  
Option (Right to Buy) $ 2.01 08/07/2013   M     210,938 12/23/2010(5) 09/23/2020 Common Stock 250,000 $ 0 39,062 D  
Stock Appreciation Right $ 2.26 08/07/2013   M     143,750 01/06/2012(7) 10/06/2016 Common Stock 200,000 $ 0 56,250 D  
Stock Appreciation Right $ 4.66 08/07/2013   M     93,750 09/14/2012(8) 06/14/2017 Common Stock 150,000 $ 0 56,250 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Morris Ian H
11332 NE 122ND WAY, SUITE 200
KIRKLAND, WA 98034		       CEO  

Signatures

 Jacqueline Davidson, CFO   08/09/2013
**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 acquired on exercise of stock options.
(2) The Option vested over 4 years at the rate of 6.25% per quarter from the grant date of December 19, 2006.
(3) The Option vested over 4 years at the rate of 6.25% per quarter from the grant date of July 28, 2008.
(4) The Option vested over 4 years at the rate of 6.25% per quarter from the grant date of July 30, 2009.
(5) The Option vests over 4 years at the rate of 6.25% per quarter from the grant date of September 23, 2010. 50% of the unvested portion accelerated in vesting and became exercisable as of August 7, 2013.
(6) Shares withheld by company to cover exercise price and taxes on exercise of stock options; not an open market transaction.
(7) The Stock Appreciation Right vests over 4 years at the rate of 6.25% per quarter from the grant date of October 6, 2011. 50% of the unvested portion accelerated in vesting and became exercisable as of August 7, 2013.
(8) The Stock Appreciation Right vests over 4 years at the rate of 6.25% per quarter from the grant date of June 14, 2012. 50% of the unvested portion accelerated in vesting and became exercisable as of August 7, 2013.

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