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 *

BATTERY VENTURES VII LP 		2. Issuer Name and Ticker or Trading Symbol

MRU HOLDINGS INC [ UNCL ] 		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)

930 WINTER STREET, SUITE 2500 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2007
(Street)

WALTHAM, MA 02451
(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
Series B Convertible Preferred Stock   $3.80   12/31/2007     J     137003   (1)        (2)   (2) Common Stock   137003   $0   4325133   (3) D    
Series B-2 Convertible Preferred Stock     (3) 6/30/2008     P     2155804         (4)   (4) Common Stock   2155804   $2.25   2155804   D    
Warrants to purchase   $2.25   6/30/2008     P     646741       9/30/2008   6/29/2013   Common Stock   646741   $.0375   646741   D    
Warrants to purchase   $2.25   7/10/2008     P     1090222         (5) 7/9/2013   Common Stock   1090222   $0   1090222   D    

Explanation of Responses:
( 1)  The reported shares were received as a payment-in-kind stock dividend pursuant to the terms of the Amended and Restated Certificate of Incorporation of MRU Holdings, Inc.
( 2)  The Series B Convertible Preferred shares became convertible upon issuance and have no expiration date.
( 3)  Pursuant to the anti-dilution provisions of the Series B Convertible Preferred Stock, the number of shares of common stock into which the Series B Convertible Preferred shares are convertible has been adjusted. The shares are currently convertible into 4,437,646 shares of common stock at $3.704 per share.
( 4)  Effective September 30, 2008, the Series B-2 Convertible Preferred shares are convertible at any time on a one-for-one basis, and have no expiration date.
( 5)  The warrants are exercisable at any time.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BATTERY VENTURES VII LP
930 WINTER STREET
SUITE 2500
WALTHAM, MA 02451
X


Signatures
/s/Christopher Schiavo, Attorney-in-Fact 11/25/2008
** 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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