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, 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 *

ROBINSON HARRIETT J
2. Issuer Name and Ticker or Trading Symbol

GRAY TELEVISION INC [ GTN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

4370 PEACHTREE ROAD, NE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/4/2008
(Street)

ATLANTA, GA 30319
(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 Class (GTN)                  305200   D    
Common Class A (GTN.A)   12/4/2008     P    10000   A $0.84   797440   D    
Common Class (GTN)                  831450   I   Spouse  
Common Class (GTN.A)                  976676   I   Spouse  
Common Class (GTN)                  109750   I   Trustee for Children  
Common Class A (GTN.A)                  1189180   I   Trustee for Children  
Common Class (GTN)                  35000   I   Delta Fire & Casualty Ins. Co.  
Common Class A (GTN.A)                  33750   I   Delta Fire & Casualty Ins. Co.  
Common Class (GTN)                  10000   I   Delta Life Ins. Co.  
Common Class A (GTN.A)                  135795   I   Delta Life Ins. Co.  
Common Class A (GTN.A)                  221706   I   Bankers Fidelity Life Ins. Co.  
Common Class (GTN)                  6000   I   Georgia Casualty & Surety Co.  
Common Class A (GTN.A)                  132354   I   Georgia Casualty & Surety Co.  
Common Class (GTN)                  50000   I   Association Casualty Ins. Co.  
Common Class A (GTN.A)                  32000   I   Association Casualty Ins. Co.  
Common Class (GTN)                  50000   I   American Southern Ins. Co.  
Common Class (GTN)                  5518   (1) I   Spouse 401 K Plan  
Common Class 9GTN)                  100000   I   Gulf Capital Services, Ltd.  
Common Class A (GTN.A)                  125700   I   Gulf Capital Services, Ltd.  

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
Options - Common Stock (GTN)   $9.71   (2)                 6/7/2005   6/7/2010   GTN   142875   (2)   142875   I   Spouse  
Options - Common Stock (GTN)   $7.64                   2/1/2010   2/1/2013   GTN   300000     300000   I   Spouse  

Explanation of Responses:
( 1)  Held in 401K plan and based on plan statement as of 12/31/07.
( 2)  Reflects anti-dilution adjustment undertaken as a result of the spin-off completed on December 30, 2005.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROBINSON HARRIETT J
4370 PEACHTREE ROAD, NE
ATLANTA, GA 30319
X



Signatures
Dottie Boudreau by power of attorney 12/5/2008
** 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.
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