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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Bellavia Christopher J
2. Issuer Name and Ticker or Trading Symbol

FISHER COMMUNICATIONS INC [ FSCI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, Gen. Counsel & Corp. Secr
(Last)          (First)          (Middle)

C/O FISHER COMMUNICATIONS, INC., 140 FOURTH AVE. N., SUITE 500
3. Date of Earliest Transaction (MM/DD/YYYY)

10/22/2012
(Street)

SEATTLE, WA 98109
(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
Common Stock   10/22/2012     A   (1) 3855   A $0.00   20307   D    

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
Stock Option (Right to Buy)   $6.00   (2)                  3/11/2010   (3) 3/11/2019   Common Stock   1019     1019   (2) D    
Stock Option (Right to Buy)   $16.71   (4)                  3/1/2012   (5) 3/1/2021   Common Stock   2145     2145   (4) D    
Stock Option (Right to Buy)   $27.02   (6)                  11/3/2009   (7) 11/3/2018   Common Stock   2000     2000   (6) D    
Stock Option (Right to Buy)   $20.80   (8)                  3/13/2013   (9) 3/13/2022   Common Stock   1700     1700   (8) D    
Stock Option (Right to Buy)   $5.88   (10)                  3/9/2011   (3) 3/9/2020   Common Stock   4200     4200   (10) D    

Explanation of Responses:
( 1)  Represents additional restricted stock units ("RSUs") resulting from the adjustment of outstanding RSUs in connection with the payment of a $10.00 per share extraordinary dividend by the issuer. The RSUs reported are subject to the same vesting schedule as the original RSUs to which they relate.
( 2)  This option was previously reported as an option covering 750 shares at an exercise price of $8.15 per share, and has been adjusted in connection with the payment of a $10.00 per share extraordinary dividend by the issuer.
( 3)  This option vests at the rate of 25% on March 9, 2011 and additional 25% on each anniversary date of the original grant thereafter until fully vested.
( 4)  This option was previously reported as an option covering 2,145 shares at an exercise price of $26.32 per share, and has been adjusted in connection with the payment of a $10.00 per share extraordinary dividend by the issuer.
( 5)  This option vests at the rate of 25% on March 1, 2012 and additional 25% on each anniversary date of the original grant thereafter until fully vested.
( 6)  This option was previously reported as an option covering 2,000 shares at an exercise price of $36.63 per share, and has been adjusted in connection with the payment of a $10.00 per share extraordinary dividend by the issuer.
( 7)  This option vests at the rate of 20% on November 3, 2009 and additional 20% on each anniversary date of the original grant thereafter until fully vested.
( 8)  This option was previously reported as an option covering 1,700 shares at an exercise price of $30.41 per share, and has been adjusted in connection with the payment of a $10.00 per share extraordinary dividend by the issuer.
( 9)  This option vests at the rate of 25% on March 13, 2013 and additional 25% on each anniversary date of the original grant thereafter until fully vested.
( 10)  This option was previously reported as an option covering 4,200 shares at an exercise price of $15.49 per share, and has been adjusted in connection with the payment of a $10.00 per share extraordinary dividend by the issuer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bellavia Christopher J
C/O FISHER COMMUNICATIONS, INC.
140 FOURTH AVE. N., SUITE 500
SEATTLE, WA 98109


SVP, Gen. Counsel & Corp. Secr

Signatures
/s/ Christopher J. Bellavia 10/23/2012
** 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.
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