Sec Form 4 Filing - LEAF INVESTMENT PARTNERS LP @ BSQUARE CORP /WA - 2007-06-18

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 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 LEAF INVESTMENT PARTNERS LP 2. Issuer Name and Ticker or Trading Symbol BSQUARE CORP /WA [ BSQR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 515 MADISON AVENUE, SUITE 4200 3. Date of Earliest Transaction (MM/DD/YY) 06/18/2007 (Street) NEW YORK, NY10022 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 BSQUARE CORP 06/18/2007 S 277,900 D $ 6.5598 993,500 D ( 1 ) BSQUARE CORP 06/19/2007 S 53,500 D $ 6.8643 940,000 D ( 1 ) BSQUARE CORP 06/20/2007 S 35,000 D $ 6.3408 905,000 D ( 1 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LEAF INVESTMENT PARTNERS LP 515 MADISON AVENUE SUITE 4200 NEW YORK, NY10022 X GOLDBLATT SEYMOUR L 515 MADISON AVENUE SUITE 4200 NEW YORK, NY10022 X GOLDBLATT KENNETH 515 MADISON AVENUE SUITE 4200 NEW YORK, NY10022 X Signatures Leaf Investment Partners, L.P., By: /s/ Seymour L. Goldblatt 06/20/2007 Signature of Reporting Person Date /s/ Seymour L. Goldblatt 06/20/2007 Signature of Reporting Person Date /s/ Kenneth Goldblatt 06/20/2007 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These securities are owned by Leaf Investment Partners, L.P., which is a Reporting Person. These securities may be deemed to be beneficially owned by S Squared Capital, LLC, the general partner of Leaf Investment Partners, L.P., and Kenneth Goldblatt and Seymour L. Goldblatt, the managing members of S Squared Capital, LLC. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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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