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Filing Details

Accession Number:: 0001209191-10-012389
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-02-25 12:00:00
Reporting Period:: 2010-02-23

Filing Date:: 2010-02-25
Accepted Time:: 2010-02-25 21:55:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1080131	Internet Brands Inc.	INET	Services-Business Services, Nec (7389)	954711621

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1045647	Idealab	130 West Union Street Pasadena CA 91103		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2010-02-23	17,100	$8.50	62,412	No	4	S	Indirect	See Footnote
Class A Common Stock	Disposition	2010-02-23	17,100	$8.50	335,707	No	4	S	Indirect	See Footnote
Class A Common Stock	Disposition	2010-02-24	62,412	$8.50	0	No	4	S	Indirect	See Footnote
Class A Common Stock	Disposition	2010-02-24	63,388	$8.50	0	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	5,643,990	Indirect	See Footnote
Class A Common Stock	97,136	Direct

Footnotes

These shares are held by Clearstone Venture Partners I-A, L.P. ("CVPI-A"). The reporting person is one of the managing members of Clearstone Venture Management I, LLC ("CVM"), which is the general partner of CVPI-A. The reporting person disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
These shares are held by Clearstone Venture Partners I-B, L.P. ("CVPI-B"). The reporting person is one of the managing members of CVM, which is the general partner of CVPI-B. The reporting person disclaims beneficial owenrship of these shares except to the extent of its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
This transaction was executed in multiple trades at prices ranging from $8.50 to $8.52. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
On February 24, 2010, following the sale of these shares CVPI-B effected a pro rata distribution of the remaining 272,319 shares held by it following the sale to its partners. CVM subsequently distributed its pro rata share of the distribution to its members. Accordingly, the number of shares reported as indirectly beneficially owned by the reporting person through CVPI-B has been reduced to zero and the shares received by the reporting person in respect of the distribution are now reported as directly owned by the reporting person herein.
These shares are held by Idealab Holdings, L.L.C. The reporting person is the sole and managing member of Idealab Holdings, L.L.C.
The number of shares owned by the reporting person has been adjusted to reflect the 24,449 shares received by the reporting person, as a member of CVM, in respect of the pro rata distribution of the issuer's common stock by CVM described herein.