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

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1. Name and Address of Reporting Person * GALLOWAY BRUCE   2. Issuer Name and Ticker or Trading Symbol BROADCASTER INC [BCSR] 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) C/O GALLOWAY CAPITAL MANAGEMENT LLC, 720 FIFTH AVENUE 10TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 03/13/2007 (Street) NEW YORK, NY 10019 4. If Amendment, Date Original Filed(Month/Day/Year) 03/06/2007 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 03/05/2007(1)   A(2)   100,000 A $ 1.6 1,094,150 I See footnote (3) Common Stock 03/13/2007   A   7,000 A $ 1.2543 224,000 D (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

Options

$ 0.9

12/12/2005

12/12/2005

A

100,000

12/12/2006

12/12/2015

Common Stock

100,000

(5)

600,000

D

Options

$ 1.9

05/23/2006

05/23/2006

A

65,000

(5)

05/23/2006

Common Stock

65,000

(5)

665,000

D

Options

$ 1.88

06/01/2006

06/01/2006

A

10,000

(5)

06/01/2016

Common Stock

10,000

(5)

675,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GALLOWAY BRUCE C/O GALLOWAY CAPITAL MANAGEMENT LLC 720 FIFTH AVENUE 10TH FLOOR NEW YORK, NY 10019	X

Signatures

/s/ Bruce Galloway		03/22/2007
**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)	The original trade on March 1, 2007, for which a timely Form 4 amendment was filed, was cancelled and rebooked on March 5, 2007.
(2)	The trade booked on March 5, 2007 was a purchase, and incorrectly filed as a disposition on the Form 4 filed on March 6, 2007.
(3)	Mr. Galloway is a managing member of Galloway, Capital Management, LLC, which is the General Partner of Strategic Turnaround Equity Partners, LP (Cayman) ("STEP"). STEP owns 1,094,150 shares of the Issuer. Mr. Galloway disclaims beneficial ownership of the shares beneficially owned by STEP except to the extent of Mr. Galloway's limited partnership interests in STEP. This amount also includes the transfer of 158,500 shares of the Issuer by investors who purchased limited partnership interests in STEP.
(4)	These shares were purchased by Mr. Galloway's IRA. Further, the entry of direct ownership was inadvertently omitted on February 26, 2007, but is correctly reflected herein.
(5)	Options vest quarterly over 1 year from grant date.

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