UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 ) *
InsWeb Corporation
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
45809K202
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(CUSIP Number)
December 31, 2009
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the ACT but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 7 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. Red Oak Partners, LLC
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization New York
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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------
ficially owned 6. Shared Voting Power 0
by Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power 0
Person With: --------------------------------------------------------
8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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11. Percent of Class Represented by Amount in Row (9) 0%
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12. Type of Reporting Person (See Instructions) OO
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Page 2 of 7 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. The Red Oak Fund, LP
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------
ficially owned 6. Shared Voting Power 0
by Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power 0
Person With: --------------------------------------------------------
8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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11. Percent of Class Represented by Amount in Row (9) 0%
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12. Type of Reporting Person (See Instructions) PN
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Page 3 of 7 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. David Sandberg
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization United States
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Number of 5. Sole Voting Power 0
Shares Bene- --------------------------------------------------------
ficially owned 6. Shared Voting Power 0
by Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power 0
Person With: --------------------------------------------------------
8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
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11. Percent of Class Represented by Amount in Row (9) 0%
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12. Type of Reporting Person (See Instructions) IN
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Page 4 of 7 pages
ITEM 1.
(a) Name of the issuer is InsWeb Corporation (the "Issuer").
(b) The principal executive office of the Issuer is located at 11290 Pyrites
Way, Gold River, California 95670.
Item 2.
(a) This statement (this "Statement") is being filed by David Sandberg, the
controlling member of Red Oak Partners, LLC, a New York limited liability
company ("Red Oak Partners"), which serves as the general partner of The
Red Oak Fund, LP, a Delaware limited partnership (the "Fund")
(collectively, the "Filers"). The Fund is a private investment vehicle
formed for the purpose of investing and trading in a wide variety of
securities and financial instruments. The Fund directly owns the shares
reported in this Statement. Each Filer disclaims beneficial ownership with
respect to any shares other than the shares owned directly by such Filer.
(b) The principal business office of the Filers is 654 Broadway, Suite #5,
New York, New York 10012.
(c) David Sandberg is a citizen of the United States.
(d) This Statement relates to Common Stock, $.001 par value, of the Issuer.
(e) The CUSIP Number of the Common Stock of the Issuer is 45809K202.
Item 3. If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b)
or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
(d) [ ] Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
Not applicable.
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
0
(b) Percent of class:
0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition of
0
Page 5 of 7 pages
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following
[X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
(a) Not applicable.
(b) By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 6 of 7 pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: Febuary 10, 2010
/s/ David Sandberg
- -----------------------------
David Sandberg
Red Oak Partners, LLC
By: /s/ David Sandberg
-------------------------------
David Sandberg, Managing Member
The Red Oak Fund, LP
By: Red Oak Partners, LLC,
General Partner
By: /s/ David Sandberg
-------------------------------
David Sandberg, Managing Member
Page 7 of 7 pages