SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Edenbrook Capital, LLC (Last) (First) (Middle) 116 RADIO CIRCLE SUITE 202 (Street) MOUNT KISCO NY 10549 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MARCHEX INC [ MCHX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 09/18/2020
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

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
Class B common stock ('Common Stock')	09/18/2020		X(6)		24,000	A	$2.75(6)	1,032,663	I	See footnotes(2)(3)
Class B common stock	09/18/2020		X(6)		5,600	A	$3.5(6)	1,038,263	I	See footnotes(2)(3)
Class B common stock	09/18/2020		X(6)		176,000	A	$2.75(6)	6,964,133	I	See footnotes(1)(3)
Class B Common stock	09/18/2020		X(6)		34,400	A	$3.5(6)	6,998,533	I	See footnotes(1)(3)

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 Securities Underlying Derivative Security (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: 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
Put Option (Obligation to buy)	$2.5							02/13/2020	12/20/2020	Common Stock	220,000		2,200(8)	I	See footnote(1)(3)
Put Option (Obligation to buy)	$2.5							02/13/2020	12/20/2020	Common Stock	30,000		300(7)	I	See footnote(2)(3)
Put Option (Obligation to buy)	$2.75	09/18/2020	09/18/2020	X(6)			1,760	01/31/2020	09/18/2020	Common Stock	176,000	$0.24	0(4)	I	See footnote(1)(3)
Put Option (Obligation to buy)	$2.75	09/18/2020	09/18/2020	X(6)			240	01/31/2020	09/18/2020	Common Stock	24,000	$0.23	0(5)	I	See footnote(2)(3)
Put Option (Obligation to buy)	$3.5	09/18/2020	09/18/2020	X(6)			344	12/16/2019	09/18/2020	Common Stock	34,400	$0.5	0(4)	I	See footnote(1)(3)
Put Option (Obligation to buy)	$3.5	09/18/2020	09/18/2020	X(6)			56	12/16/2019	09/18/2020	Common Stock	5,600	$0.5	0(5)	I	See footnote(2)(3)

1. Name and Address of Reporting Person* Edenbrook Capital, LLC (Last) (First) (Middle) 116 RADIO CIRCLE SUITE 202 (Street) MOUNT KISCO NY 10549 (City) (State) (Zip)

1. Name and Address of Reporting Person* EDENBROOK LONG ONLY VALUE FUND, LP (Last) (First) (Middle) 116 RADIO CIRCLE SUITE 202 (Street) MOUNT KISCO NY 10549 (City) (State) (Zip)

1. Name and Address of Reporting Person* Brolin Jonathan (Last) (First) (Middle) 116 RADIO CIRCLE SUITE 202 (Street) MOUNT KISCO NY 10549 (City) (State) (Zip)

Explanation of Responses:

1. These securities are held in the account of Edenbrook Long Only Value Fund, LP, a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manger of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC.

2. These securities are held in the account of a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manager of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC.

3. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

4. As previously disclosed, Edenbrook Long Only Value Fund, LP wrote 2104 put option contracts expiring in September 2020 which provide that Edenbrook Long Only Value Fund, LP will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options. The 2104 September put option contracts were exercised on September 18, 2020 by the counterparty.

5. As previously disclosed, a private fund managed by Edenbrook Capital, LLC wrote 296 put option contracts expiring in September 2020 which provide that the private fund will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options. The 296 September put option contracts were exercised on September 18, 2020 by the counterparty.

6. Put options (obligations to buy) were exercised by the counterparty resulting in Edenbrook Long Only Value Fund, LP and the private fund being required to purchase additional shares. The purchase price of the shares represents the strike price of the contract.

7. As previously disclosed, a private fund managed by Edenbrook Capital, LLC wrote 300 put option contracts expiring in December 2020 which provides that the private fund will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put option.

8. As previously disclosed, Edenbrook Long Only Value Fund, LP wrote 2200 put option contracts expiring in December 2020 which provide that Edenbrook Long Only Value Fund, LP will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put option.

	Edenbrook Capital, LLC; By: /s/ Jonathan Brolin, Managing Member	09/22/2020
	/s/ Jonathan Brolin	09/22/2020
	Edenbrook Long Only Value Fund, LP, By: /s/ Jonathan Brolin, Managing Member of Edenbrook Capital Partners, LLC	09/22/2020
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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