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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

WELCH SCOTT 		2. Issuer Name and Ticker or Trading Symbol

UCN INC [ UCNN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Operating Officer
(Last)          (First)          (Middle)

825 WEST 700 NORTH 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/5/2008
(Street)

AMERICAN FORK, UT 84003
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Employee Stock Options   $3.05   11/5/2008     D  (1)       25000      (1) 1/14/2009   Common Stock   25000     (1) 0   D    
Employee Stock Options   $3.05   11/5/2008     A  (1)    25000         (1) 11/5/2013   Common Stock   25000     (1) 25000   D    
Employee Stock Options   $2   11/5/2008     D  (2)       50000      (2) 11/9/2009   Common Stock   50000     (2) 0   D    
Employee Stock Options   $2   11/5/2008     A  (2)    50000         (2) 11/5/2013   Common Stock   50000     (2) 50000   D    
Employee Stock Options   $2   11/5/2008     D  (3)       50000      (3) 6/29/2010   Common Stock   50000     (3) 0   D    
Employee Stock Options   $2   11/5/2008     A  (3)    50000         (3) 11/5/2013   Common Stock   50000     (3) 50000   D    
Employee Stock Options   $3.5   11/5/2008     D  (4)       150000      (4) 3/7/2012   Common Stock   150000     (4) 0   D    
Employee Stock Options   $3.5   11/5/2008     A  (4)    150000         (4) 11/5/2013   Common Stock   150000     (4) 150000   D    
Employee Stock Options   $4.2   11/5/2008     D  (5)       25000      (5) 1/9/2013   Common Stock   25000     (5) 0   D    
Employee Stock Options   $4.2   11/5/2008     A  (5)    25000         (5) 11/5/2013   Common Stock   25000     (5) 25000   D    

Explanation of Responses:
( 1)  The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on January 14, 2004 and provides for vesting in three equal annual installments commencing on January 14, 2005.
( 2)  The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on November 9, 2004 and provides for vesting in three equal annual installments commencing on November 9, 2005.
( 3)  The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on June 29, 2005 and provides for vesting in three equal annual installments commencing on June 29, 2006.
( 4)  The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on March 7, 2007 and provides for vesting in three equal annual installments commencing on March 7, 2008.
( 5)  The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on January 9, 2008 and provides for vesting in three equal annual installments commencing on January 9, 2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WELCH SCOTT
825 WEST 700 NORTH
AMERICAN FORK, UT 84003

Chief Operating Officer

Signatures
/s/ Scott Welch 11/7/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Ucn (MM) (NASDAQ:UCNN)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Ucn (MM) Charts.
Ucn (MM) (NASDAQ:UCNN)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Ucn (MM) Charts.