SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HARMAN FREDERIC W (Last) (First) (Middle) C/O OAK INVESTMENT PARTNERS ONE GORHAM ISLAND (Street) WESTPORT CT 06880 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol INTERNAP NETWORK SERVICES CORP [ IIP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 09/08/2006
	4. If Amendment, Date of 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

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	09/08/2006	09/08/2006	M(1)		291,730	A	$11.955	1,880,988	I	See Note(4)
Common Stock	09/08/2006	09/08/2006	M(3)		4,683	A	$11.955	30,196	I	See Note(2)
Common Stock	09/08/2006	09/08/2006	F(1)		231,822	D	$11.955	1,649,166	I	See Note(4)
Common Stock	09/08/2006	09/08/2006	F(3)		3,721	D	$11.955	26,475	I	See Note(2)
Common Stock								627,802	I	See Note(5)
Common Stock								16,032	I	See Note(6)

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 Securities Underlying Derivative Security (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: 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
Common Warrants	$11.955	09/08/2006	09/08/2006	M(1)			291,730	09/14/2001	09/13/2006	Common Stock	291,730	$0	0	I	See Note(2)
Common Warrants	$11.955	09/08/2006	09/08/2006	M(3)			4,683	09/14/2001	09/13/2006	Common Stock	4,683	$0	0	I	See Note(4)

Explanation of Responses:

1. On September 8, 2006, Oak X, L.P. exercised Common Warrants to purchase 291,730 shares shares of Common Stock utilizing the cashless excercise feature of the Warrant resulting in the issuer retaining 231,822 shares of Common Stock for the excercise price of $11.955 and issuing 59,908 shares to Oak X, L.P.

2. Represents shares directly owned by Oak X Affiliates Fund, Limited Partnership ("Oak X Affiliates, L.P.").

3. On September 8, 2006, Oak X Affiliates, L.P. exercised Common Warrant to purchase 4,683 shares shares of Common Stock utilizing the cashless excercise feature of the Warrant resulting in the issuer retaining 3,721 shares of Common Stock for the excercise price of $11.955 and issuing 962 shares to Oak X Affiliates, L.P.

4. Represents shares directly owned by Oak Investment Partners X, Limited Partnership ("Oak X, L.P.").

5. Represents shares directly owned by Oak Investment Partners VIII, Limited Partnership ("Oak VIII, L.P.").

6. Represents shares directly owned by Oak VIII Affiliates Fund, Limited Partnership ("Oak VIII Affiliates, L.P.").

Remarks:

Remarks All share numbers reflect a 1 for 10 reverse stock split of the issuer's Common Stock effective on 7/10/2006. Fredric W. Harman is a Director of Internap Network Services Corporation. Mr. Harman is a Managing Member of Oak Associates X, L.L.C., the General Partner of Oak X, L.P.; a Managing Member of Oak X Affiliates, L.L.C., the General Partner of Oak X Affiliates, L.P.; a Managing Member of Oak Associates VIII, L.L.C., the General Partner of Oak VIII, L.P.; and a Managing Member of Oak VIII Affiliates, L.L.C., the General Partner of Oak VIII Affiliates, L.P. Each Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership 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 directly 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.

	Fredric W. Harman	09/12/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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