UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
HOUSEVALUES, INC.
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
(Title of Class of Securities)
44183Y102
(CUSIP Number)
DECEMBER 31, 2006
(Date of Event which Requires filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
| | Rule 13d-1(b)
|X| Rule 13d-1(c)
| | Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 44183Y102
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
THOMAS W. SMITH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | |
(b) |x|
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3 SEC USE ONLY
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4 CITIZEN OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
312,700
NUMBER OF ---------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY EACH 2,080,800
REPORTING
PERSON ---------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
377,040
---------------------------------------------
8 SHARED DISPOSITIVE POWER
2,080,800
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,457,840
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
NOT APPLICABLE
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.1%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 44183Y102
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
SCOTT J. VASSALLUZZO
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | |
(b) |x|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZEN OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
50,000
---------------------------------------------
6 SHARED VOTING POWER
NUMBER OF
SHARES 2,080,800
BENEFICIALLY
OWNED BY EACH ---------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 110,000
---------------------------------------------
8 SHARED DISPOSITIVE POWER
2,080,800
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,190,800
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
NOT APPLICABLE
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
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ITEM 1. (A) NAME OF ISSUER:
HouseValues, Inc.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
11332 NE 122nd Way
Kirkland, WA 98034
ITEM 2. (A) NAME OF PERSON FILING:
(i) Thomas W. Smith
(ii) Scott J. Vassalluzzo
The filing of this Statement shall not be deemed to be an
admission that the filing persons (the "Reporting Persons")
comprise a "group" within the meaning of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended. The Reporting Persons
each disclaim beneficial ownership of the shares reported in this
Schedule 13G in excess of those shares as to which they have or
share voting or investment authority.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The following is the address of the principal business office of
each of the filing persons:
323 Railroad Avenue
Greenwich, CT 06830
(C) CITIZENSHIP:
Each of Messrs. Thomas W. Smith and Scott J. Vassalluzzo is a
United States citizen.
(D) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share.
(E) CUSIP NUMBER:
44183Y102
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B) OR
(C), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(C), CHECK THIS BOX
|X|
ITEM 4. OWNERSHIP
(a) Thomas W. Smith - 2,457,840 shares; Scott J. Vassalluzzo -
2,190,800 shares;
(b) Thomas W. Smith - 10.1%; Scott J. Vassalluzzo - 9.0%
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(c) Mr. Thomas W. Smith has the sole power to vote or to direct the
vote of 312,700 shares and the sole power to dispose or to direct
the disposition of 377,040 shares. Mr. Scott J. Vassalluzzo has
the sole power to vote or to direct the vote of 50,000 shares and
the sole power to dispose or to direct the disposition of 110,000
shares. Messrs. Thomas W. Smith and Scott J. Vassalluzzo have the
shared power to vote or to direct the vote and shared power to
dispose or to direct the disposition of 2,080,800 shares.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Messrs. Smith and Vassalluzzo in the aggregate beneficially own
2,217,840 shares in their capacities as investment managers for certain
managed accounts. The managed accounts have the right to receive
dividends from, and the proceeds from the sale of, the managed
accounts' shares.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 14, 2007
/s/ Thomas W. Smith
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Thomas W. Smith
/s/ Scott J. Vassalluzzo
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Scott J. Vassalluzzo
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JOINT FILING AGREEMENT
The undersigned agree that the foregoing Statement on Schedule 13G/A,
dated February 14, 2007, is being filed with the Securities and Exchange
Commission on behalf of each of the undersigned pursuant to Rule 13d-1(k)
Dated: February 14, 2007
/s/ Thomas W. Smith
--------------------------------------
Thomas W. Smith
/s/ Scott J. Vassalluzzo
--------------------------------------
Scott J. Vassalluzzo
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