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 *
Boyle Richard J Jr
   2. Issuer Name and Ticker or Trading Symbol
LoopNet, Inc. [LOOP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last)
(First)
(Middle)
C/O LOOPNET, INC., 185 BERRY STREET, SUITE 4000		 3. Date of Earliest Transaction (Month/Day/Year)
11/09/2007
(Street)

SAN FRANCISCO, CA 94107		 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 11/09/2007   S(1)   5,000 D $ 16.37 40,000 I Charitable Remainder Trust
Common Stock 11/09/2007   S(1)   5,000 D $ 16.05 35,000 I Charitable Remainder Trust
Common Stock 11/09/2007   S(1)   5,000 D $ 16.15 30,000 I Charitable Remainder Trust
Common Stock 11/09/2007   S(1)   5,000 D $ 16.2312 25,000 I Charitable Remainder Trust
Common Stock               133,638 D  
Common Stock               1,169,910 I The Boyle Family Trust

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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Boyle Richard J Jr
C/O LOOPNET, INC.
185 BERRY STREET, SUITE 4000
SAN FRANCISCO, CA 94107		   X     Chief Executive Officer  

Signatures

 /s/ Maria Valles as Attorney-in-Fact   11/13/2007
**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) (1) On November 9, 2007, the charitable remainder trust benefiting the Board of Trustees of the Leland Stanford Junior University, to which the reporting person and his wife contributed 55,000 shares of LOOP common stock on October 29, 2007, and of which the reporting person and his wife are income beneficiaries, sold 20,000 shares of LOOP common stock. The reporting person did not have, and does not have, disposition discretion for shares sold by this trust. The Board of Trustees of the Leland Stanford Junior University is the trustee of this trust, and has disposition discretion as to the common stock held by the trust. The reporting person continues to report indirect beneficial ownership of all of the LOOP common stock held by the trust, but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

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