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Filing Details

Accession Number:: 0001140361-10-008622
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 21:46:48
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
1079818	William Gross	C/O Idealab 130 West Union Street Pasadena CA 91103		Yes	No	Yes	No

Reported Non-Derivative Transactions

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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	Acquisiton	2010-02-23	4,118	$0.00	14,840	No	4	A	Direct
Class A Common Stock	Acquisiton	2010-02-23	4,118	$0.00	22,544	No	4	A	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	A	Direct
No	4	A	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	15,733	Direct
Class A Common Stock	97,136	Indirect	See Footnote
Class A Common Stock	5,643,990	Indirect	See Footnote

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 his 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 ownership of these shares except to the extent of his 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 the reporting person's wife. The reporting person disclaims beneficial ownership of these shares except to the extent of his 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.
Equals weighted average sales price for the aggregate transactions reported; sales prices range from $8.50 to $8.52. Full information regarding the number of shares sold at each separate price will be provided at the request of the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
Equals weighted average sales price for the aggregate transactions reported; sales prices range from $8.50 to $8.52. Full information regarding the number of shares sold at each separate price will be provided at the request of the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
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 and Idealab in respect of the distribution are now reported as directly owned by the reporting person and Idealab herein, respectively.
The number of shares directly owned by the reporting person has been adjusted to reflect the 893 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.
These shares are held by Idealab. The reporting person is Chairman of the Board of Directors, Chief Executive Officer and a shareholder of Idealab. The number of shares owned by Idealab has been adjusted to reflect the 24,449 shares received by Idealab, as a member of CVM, in respect of the pro rata distribution by CVM described herein. The reporting person disclaims beneficial ownership of these shares except to the extent of his 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 Idealab Holdings, L.L.C. The reporting person is Chairman of the Board of Directors, Chief Executive Officer and a shareholder of Idealab, which is the sole and managing member of Idealab Holdings, L.L.C. The reporting person disclaims beneficial ownership of these shares except to the extent of his 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.