UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____) *
InsWeb Corporation
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(Name of Issuer)
Common Stock, par value $.001
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(Title of Class of Securities)
45809K202
-------------------------------
(CUSIP Number)
April 23, 2007
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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 9 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. John H. Lewis
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) [X]
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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 6. Shared Voting Power 219,495
owned -------------------------------------------------------------
by Each 7. Sole Dispositive Power 0
Reporting -------------------------------------------------------------
Person With: 8. Shared Dispositive Power 219,495
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
219,495
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.0%
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12. Type of Reporting Person (See Instructions)
IN
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Page 2 of 9 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. Osmium Partners, LLC
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
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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 6. Shared Voting Power 219,495
owned -------------------------------------------------------------
by Each 7. Sole Dispositive Power 0
Reporting -------------------------------------------------------------
Person With: 8. Shared Dispositive Power 219,495
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
219,495
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.0%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
OO
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Page 3 of 9 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. Osmium Capital, LP
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares Bene- -------------------------------------------------------------
ficially 6. Shared Voting Power 94,083
owned -------------------------------------------------------------
by Each 7. Sole Dispositive Power 0
Reporting -------------------------------------------------------------
Person With: 8. Shared Dispositive Power 94,083
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
94,083
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.2%
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12. Type of Reporting Person (See Instructions)
PN
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Page 4 of 9 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. Osmium Capital II, LP
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares Bene- -------------------------------------------------------------
ficially 6. Shared Voting Power 94,083
owned -------------------------------------------------------------
by Each 7. Sole Dispositive Power 0
Reporting -------------------------------------------------------------
Person With: 8. Shared Dispositive Power 94,083
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
94,083
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.2%
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12. Type of Reporting Person (See Instructions)
PN
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Page 5 of 9 pages
CUSIP No. 45809K202
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1. Names of Reporting Persons. Osmium Spartan, LP
I.R.S. Identification Nos. of above persons (entities only).
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares Bene- -------------------------------------------------------------
ficially 6. Shared Voting Power 31,329
owned -------------------------------------------------------------
by Each 7. Sole Dispositive Power 0
Reporting -------------------------------------------------------------
Person With: 8. Shared Dispositive Power 31,329
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
31,329
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.7%
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12. Type of Reporting Person (See Instructions)
PN
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Page 6 of 9 pages
Item 1.
(a) The name of the issuer is InsWeb Corporation. (the "Issuer").
(b) The principal executive office of the Issuer is located at 11290
Pyrites Way, Suite 200, Gold River, California 95670.
Item 2.
(a) This statement (this "Statement") is being filed by John H. Lewis, the
controlling member of Osmium Partners, LLC, a Delaware limited
liability company ("Osmium Partners"), which serves as the general
partner of Osmium Capital, LP, a Delaware limited partnership (the
"Fund"), Osmium Capital II, LP, a Delaware limited partnership ("Fund
II"), and Osmium Spartan, LP, a Delaware limited partnership ("Fund
III") (all of the foregoing, collectively, the "Filers"). The Fund,
Fund II and Fund III are private investment vehicles formed for the
purpose of investing and trading in a wide variety of securities and
financial instruments. The Fund, Fund II and Fund III directly own the
common shares reported in this Statement. Mr. Lewis and Osmium Partners
may be deemed to share with the Fund, Fund II and Fund III (and not
with any third party) voting and dispositive power with respect to such
shares. 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 388 Market Street, Suite
920, San Francisco, California 94111.
(c) For citizenship information see item 4 of the cover sheet of each
Filer.
(d) This Statement relates to the Common Stock 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.
See Items 5-9 and 11 on the cover page for each Filer, and Item 2. The
percentage ownership of each Filer is based on 4,375,930 shares of Common Stock
outstanding as of April, 23 2007, as obtained from the Issuer.
Page 7 of 9 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 [ ].
Not applicable.
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 8 of 9 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: June 4, 2007
/s/ JOHN H. LEWIS
-------------------------
John H. Lewis
Osmium Partners, LLC
By: /s/ JOHN H. LEWIS
------------------------------
John H. Lewis, Managing Member
Osmium Capital, LP
By: Osmium Partners, LLC,
General Partner
By: /s/ JOHN H. LEWIS
------------------------------
John H. Lewis, Managing Member
Osmium Capital II, LP
By: Osmium Partners, LLC,
General Partner
By: /s/ JOHN H. LEWIS
------------------------------
John H. Lewis, Managing Member
Osmium Spartan, LP
By: Osmium Partners, LLC,
General Partner
By: /s/ JOHN H. LEWIS
------------------------------
John H. Lewis, Managing Member
Page 9 of 9 pages
EXHIBIT INDEX
Exhibit No. Document
----------- ---------------------------------------------------------
1 Joint Filing Agreement, dated June 4, 2007, among John H.
Lewis, Osmium Partners, LLC, Osmium Capital, LP, Osmium
Capital II, LP and Osmium Spartan, LP to file this joint
statement on Schedule 13G
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a statement on Schedule 13G (including amendments thereto) with
respect to the Common Stock, par value $0.001 per share, of InsWeb Corporation,
and further agree that this Joint Filing Agreement be included as an Exhibit to
such joint filing. In evidence thereof, the undersigned hereby execute this
Agreement.
Dated: June 4, 2007
/s/ JOHN H. LEWIS
-----------------------------------------
John H. Lewis
Osmium Partners, LLC
By: /s/ JOHN H. LEWIS
-------------------------------------
John H. Lewis, Managing Member
Osmium Capital, LP
By: Osmium Partners, LLC,
General Partner
By: /s/ JOHN H. LEWIS
-------------------------------------
John H. Lewis, Managing Member
Osmium Capital II, LP
By: Osmium Partners, LLC,
General Partner
By: /s/ JOHN H. LEWIS
-------------------------------------
John H. Lewis, Managing Member
Osmium Spartan, LP
By: Osmium Partners, LLC,
General Partner
By: /s/ JOHN H. LEWIS
-------------------------------------
John H. Lewis, Managing Member