XNAS:NTSP Insider Activity 4 Filing - 8/7/2012

Effective Date 8/7/2012

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 *
LAMONT ANN H
  2. Issuer Name and Ticker or Trading Symbol
NetSpend Holdings, Inc. [NTSP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O OAK INVESTMENT PARTNERS, 901 MAIN AVENUE, SUITE 600
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2012
(Street)

NORWALK, CT 06851
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 08/07/2012   J(1)   11,042,089(5) D (1) 11,042,089(7) I(2)(5) See Notes (2), (5) and (7)
Common Stock 08/07/2012   J(3)   177,265(6) D (3) 177,266(8) I(4)(6) See Notes (4), (6) and (8)

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
LAMONT ANN H
C/O OAK INVESTMENT PARTNERS
901 MAIN AVENUE, SUITE 600
NORWALK, CT 06851
  X   X    
OAK INVESTMENT PARTNERS X LTD PARTNERSHIP
901 MAIN AVENUE
SUITE 600
NORWALK, CT 06851
    X    
OAK X AFFILIATES FUND LP
901 MAIN AVENUE
SUITE 600
NORWALK, CT 06851
    X    

Signatures

 /s/ Ann H. Lamont   08/08/2012
** Signature of Reporting Person Date

 /s/ Ann H. Lamont, Managing Member of Oak Associates X, LLC, general partner of Oak Investment Partners X, Limited Partnership   08/08/2012
** Signature of Reporting Person Date

 /s/ Ann H. Lamont, Managing Member of Oak X Affiliates, LLC, general partner of Oak X Affiliates Fund, Limited Partnership   08/08/2012
** Signature of Reporting Person Date

 /s/ Ann H. Lamont, Managing Member of Oak Associates X, LLC   08/08/2012
** Signature of Reporting Person Date

 /s/ Ann H. Lamont, Managing Member of Oak X Affiliates, LLC   08/08/2012
** 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) On August 7, 2012, Oak Investment Partners X, L.P. ("Oak X, L.P.") made an in-kind distribution, without any additional consideration, of Common Stock to the limited and general partners of Oak X, L.P. In turn, the general partner made an in-kind distribution of the shares it received to its members.
(2) Represents shares directly owned by Oak X, L.P. Oak Associates X, LLC, as the general partner of Oak X, L.P. may be deemed to beneficially own these shares.
(3) On August 7, 2012, Oak X Affiliates Fund, L.P. ("Oak X Affiliates, L.P.") made an in-kind distribution, without any additional consideration, of Common Stock to the limited and general partners of Oak X Affiliates, L.P. In turn, the general partner made an in-kind distribution of the shares it received to its members.
(4) Represents shares directly owned by Oak X Affiliates, L.P. Oak X Affiliates, LLC, as the general partner of Oak X Affiliates, L.P. may be deemed to beneficially own these shares.
(5) 17,631 shares of the 11,042,089 shares distributed as described in Footnote 1 were distributed to Ann H. Lamont, a director of NetSpend Holdings. This merely reflects a change in beneficial ownership of such shares distributed to Ms. Lamont from indirect to direct. No other Reporting Person has any pecuniary interest in such shares distributed to Ms. Lamont.
(6) 407 shares of the 177,265 shares distributed as described in Footnote 3 were distributed to Ms. Lamont, a director of NetSpend Holdings. This merely reflects a change in beneficial ownership of such shares distributed to Ms. Lamont from indirect to direct. No other Reporting Person has any pecuniary interest in such shares distributed to Ms. Lamont.
(7) Does not reflect the shares distributed to Ms. Lamont as described in Footnote 5 which are reported herein as directly beneficially owned by Ms. Lamont.
(8) Does not reflect the shares distributed to Ms. Lamont as described in Footnote 6 which are reported herein as directly beneficially owned by Ms. Lamont.
 
Remarks:
Remarks:

Ann H. Lamont is a Director of Netspend Holdings.  Mrs. Lamont is a Managing Member of Oak Associates X, L.L.C., the General Partner of Oak X, L.P.; and a Managing Member of Oak X Affiliates, L.L.C., the General Partner of Oak X Affiliates, L.P.

This Form 4 is being filed by Ann H. Lamont and Oak X, L.P., a Delaware limited partnership, Oak X Affiliates, L.P., a Delaware limited partnership, Oak Associates X, LLC, a Delaware limited liabiliity company ("Oak Associates") and Oak X Affiliates, LLC, a Delaware limited liability company ("Oak Affiliates") and together with Ann H. Lamont, Oak X, L.P., Oak X Affiliates, L.P., Oak Associates and Oak Affiliates, the "Reporting Persons"). Each Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of any securities (except to the extent of such Reporting Person's pecuniary interest in such securities) other than any securities reported herein as being dirctly owned by such Reporting Person, and this report shall not be deemed an admission that such reporting Person is the beneficial owner of any such securities for purposes of Section 16 or for any other purpose.

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XNAS:NTSP Insider Activity 4 Filling

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XNAS:NTSP Insider Activity 4 Filing - 8/7/2012
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