XNYS:ACTV Insider Activity 4 Filing - 5/16/2012

Effective Date 5/16/2012

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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRAYSON BRUNS H
  2. Issuer Name and Ticker or Trading Symbol
ACTIVE NETWORK INC [ACTV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
ABS VENTURES, 950 WINTER STREET, SUITE 2600
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2012
(Street)

WALTHAM, MA 02451
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Common Stock               72,996 I ABS Ventures IT, L.P.(1)
Common Stock               1,570,939 I ABS Ventures IX, L.P.(2)
Common Stock 05/16/2012   J(3)   500,000 D $ 0 1,500,000 I ABS Ventures VI, L.L.C.(4)
Common Stock 05/16/2012   J(3)   104,000 A $ 0 104,000 I Calvert Capital IV, L.L.C.(4)
Common Stock 05/16/2012   J(5)   104,000 D $ 0 0 I Calvert Capital IV, L.L.C.(4)
Common Stock 05/16/2012   J(6)   3,774 D $ 0 0 I ABS Investors L.L.C.(7)
Common Stock 05/16/2012   J(8)   36,696 A $ 0 70,271 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRAYSON BRUNS H
ABS VENTURES
950 WINTER STREET, SUITE 2600
WALTHAM, MA 02451
  X      

Signatures

 Bruns Grayson   05/17/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Mr. Grayson is the president of Calvert Capital Management Company, the sole member of Calvert Capital VI LLC which is the general partner of ABS Ventures IT, L.P. and has voting and dispositive power with respect to these shares. Mr. Grayson disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(2) Mr. Grayson is the managing member of Calvert Capital V LLC, which is the general partner of ABS Ventures IX, L.P, and has voting and dispository power with respect to these shares. Mr. Grayson disclaims beneficial ownership except to the extent of his pecuniary interests therein.
(3) Pro rata distribution of 500,000 shares from ABS Ventures VI, L.L.C. to its members. 104,000 of these shares were distributed to Calvert Capital IV, LLC, of which Mr. Grayson is the managing member.
(4) Mr. Grayson is the managing member of Calvert Capital IV L.L.C., the general partner of ABS Ventures VI, L.P. which is the sole member of ABS Ventures VI, L.L.C., and has voting and dispositive power with respect to these shares. Mr. Grayson disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(5) Pro rata distribution of 104,000 shares from Calvert Capital IV, L.L.C. to its members. 32,922 of these shares were distributed to Mr. Grayson.
(6) Distribution of 3,774 shares from ABS Investors, L.L.C. to Mr. Grayson.
(7) Mr. Grayson is the managing member of ABS Investors L.L.C. and has voting and dispositive power with respect to these shares. Mr. Grayson disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(8) Includes (1) pro rata distribution of 104,000 shares from Calvert Capital IV, L.L.C. to its members, of which 32,922 shares were distributed to Mr. Grayson, and (2) the distribution of 3,774 shares from ABS Investors, L.L.C. to Mr. Grayson.

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XNYS:ACTV Insider Activity 4 Filling

XNYS:ACTV Stock - Get Insider Activity SEC Filing of XNYS:ACTV stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

Content Partners
XNYS:ACTV Insider Activity 4 Filing - 5/16/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

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