Sec Form 4 Filing - PAR CAPITAL MANAGEMENT INC @ LODGENET INTERACTIVE CORP - 2013-01-02

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 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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1. Name and Address of Reporting Person PAR CAPITAL MANAGEMENT INC 2. Issuer Name and Ticker or Trading Symbol LODGENET INTERACTIVE CORP [ LNET] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) No longer 10% owner (Last) (First) (Middle) ONE INTERNATIONAL PLACE SUITE 2401 3. Date of Earliest Transaction (MM/DD/YY) 01/02/2013 (Street) BOSTON, MA02110 4. If Amendment, Date Original Filed (MM/DD/YY) 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 Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 01/02/2013 S 1,660,000 D $ 0.0465 3,470,377 ( 1 ) D ( 2 ) Common Stock 01/03/2013 S 1,190,000 D $ 0.0447 2,280,377 ( 1 ) D ( 2 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 PAR CAPITAL MANAGEMENT INC ONE INTERNATIONAL PLACE SUITE 2401 BOSTON, MA02110 No longer 10% owner PAR INVESTMENT PARTNERS LP ONE INTERNATIONAL PLACE SUITE 2401 BOSTON, MA02110 No longer 10% owner PAR Group, L.P. ONE INTERNATIONAL PLACE SUITE 2401 BOSTON, MA02110 No longer 10% owner Signatures PAR Capital Management, Inc., by Steven M. Smith, Chief Operating Officer and General Counsel 01/04/2013 Signature of Reporting Person Date PAR Investment Partners, L.P., by its general partner PAR Group, L.P. by its general partner PAR Capital Management, Inc., by Steven M. Smith, Chief Operating Officer and General Counsel 01/04/2013 Signature of Reporting Person Date PAR Group, L.P., by its general partner PAR Capital Mangement, Inc., by Steven M. Smith, Chief Operating Officer and General Counsel 01/04/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This position includes 8,500 shares of 10% Convertible Preferred Stock exercisable at the option of the holder into 2,248,677 shares of Common Stock and includes a total return swap position of 31,700 shares held directly by PAR Investment Partners, L.P. ("PIP"). ( 2 )These securities are held directly by PIP. PAR Group, L.P. ("PAR Group") is the general partner of PIP and PAR Capital Management, Inc. ("PCM") is the general partner of PAR Group. Each of PCM and PAR Group disclaims beneficial ownership of these securities except to the extent of their respective pecuniary interests therein, if any, as a result of their direct or indirect ownership interests in PIP and a contingent right on the part of PAR Group to receive a performance-based incentive allocation from PIP.

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).

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