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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(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)
11/07/2007
(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 10/29/2007   G(1) V 55,000 D $ 0 1,169,910 I The Boyle Family Trust
Common Stock 11/07/2007   S(2)   5,000 D $ 17.4 50,000 I Charitable Remainder Trust
Common Stock 11/08/2007   S(3)   2,600 D $ 17.17 47,400 I Charitable Remainder Trust
Common Stock 11/08/2007   S(4)   100 D $ 16.52 47,300 I Charitable Remainder Trust
Common Stock 11/08/2007   S(5)   2,300 D $ 16.4026 45,000 I Charitable Remainder Trust
Common Stock               133,638 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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   11/08/2007
**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 October 29, 2007, the reporting person and his wife contributed 55,000 shares of LOOP common stock to a charitable remainder trust benifiting the Board of Trustees of the Leland Stanford Junior University as charitable remainderman. The reporting person and his wife are income beneficiaries of this 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. The reporting person is not the trustee of this trust and does not have disposition discretion as to the common stock held by the 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.
(2) (2) On November 7, 2007, the charitable remainder trust benifiting 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 5,000 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.
(3) (3) On November 8, 2007, the charitable remainder trust benifiting 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 2,600 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.
(4) (4) On November 8, 2007, the charitable remainder trust benifiting 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 100 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.
(5) (5) On November 8, 2007, the charitable remainder trust benifiting 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 2300 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.