-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gij001b97q70sUfpz7DvYBgG2dp4qMuHmVUlY7ibsz/U98nT9lMeMRhDzg8XWl9A Qb5mfaoCANZ5zJVNXZ+FqA== 0000891836-00-000273.txt : 20000407 0000891836-00-000273.hdr.sgml : 20000407 ACCESSION NUMBER: 0000891836-00-000273 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000406 GROUP MEMBERS: MASAYOSHI SON GROUP MEMBERS: RONALD D. FISHER GROUP MEMBERS: SOFTBANK AMERICA INC. GROUP MEMBERS: SOFTBANK CORP GROUP MEMBERS: SOFTBANK FINANCE CORPORATION GROUP MEMBERS: SOFTBANK HOLDINGS INC. GROUP MEMBERS: SOFTBANK VENTURES, INC. GROUP MEMBERS: SOFTVEN NO. 2 INVESTMENT ENTERPRISE PARTNERSHIP GROUP MEMBERS: YOSHITAKA KITAO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INSWEB CORP CENTRAL INDEX KEY: 0001077370 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 943220479 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-58393 FILM NUMBER: 594605 BUSINESS ADDRESS: STREET 1: 2 CIRCLE STAR WAY CITY: SAN CARLOS STATE: CA ZIP: 94070-6200 BUSINESS PHONE: 6507014000 MAIL ADDRESS: STREET 1: 2 CIRCLE STAR WAY CITY: SAN CARLOS STATE: CA ZIP: 94070-6200 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOFTBANK CORP CENTRAL INDEX KEY: 0001065521 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 24-1 NIHONBASHI-HAKOZAKI-CHO CITY: CHUO-KU TOKYO 103 BUSINESS PHONE: 01181356428376 MAIL ADDRESS: STREET 1: 24-1, NIHONBASHI-HAKOZAKI-CHO CITY: CHUO-KU TOKYO 103 STATE: MO SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ________)* INSWEB CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 45809K1034 - -------------------------------------------------------------------------------- (CUSIP Number) RONALD FISHER STEPHEN A. GRANT, ESQ. SOFTBANK INC. SULLIVAN & CROMWELL 1188 CENTRE STREET 125 BROAD STREET NEWTON CENTER, MA 02159 NEW YORK, NY 10004 (617) 928-9300 (212) 558-4000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 23, 1999 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If a filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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). (continued on following pages) - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 2 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK Ventures Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 3 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTVEN No. 2 Investment Enterprise Partnership - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 4 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK America Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 5 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK Finance Corporation - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 6 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK Holdings Inc. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC, CO - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 7 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS SOFTBANK Corp. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC, CO - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 8 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Ronald D. Fisher - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 66,790 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 66,790 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,137,400 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.36% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 9 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Yoshitaka Kitao - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 2,500 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 2,500 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,073,110 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.17% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- - -------------------- ----------------------- CUSIP NO. 45809K1034 13D PAGE 10 OF 20 PAGES - -------------------- ----------------------- - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Masayoshi Son - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Japan - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- 8. SHARED VOTING POWER BENEFICIALLY 9,070,610 OWNED BY -------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10. SHARED DISPOSITIVE POWER 9,070,610 PERSON WITH - ------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,070,610 - ------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.16% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- Cusip No. 45809K1034 Page 11 of 20 Pages Item 1. Security and Issuer. This statement on Schedule 13D (the "Statement") relates to the common stock, par value $0.001 per share, of InsWeb Corporation (the "Common Stock"). The principal executive offices of the Issuer are located at 901 Marshall Street, Redwood City, California 94063. Item 2. Identity and Background. This Statement is being filed jointly by SOFTBANK Ventures, Inc. ("SVI"), SOFTVEN No. 2 Investment Enterprise Partnership ("SOFTVEN No. 2"), SOFTBANK America Inc. ("SB America"), SOFTBANK Finance Corporation ("SB Finance"), SOFTBANK Holdings Inc. ("SBH"), SOFTBANK Corp. ("SOFTBANK"), Ronald D. Fisher, Yoshitaka Kitao and Masayoshi Son. SVI is a Japanese corporation with a principal business of investments. SOFTVEN No. 2 is a Japanese partnership with a principal business of investments. SB Finance is a Japanese corporation with a principal business of investments. The business address of SVI, SOFTVEN No. 2 and SB Finance is 3-23 Kanda Nishikicho, Chiyoda-ku, Tokyo 101-0054, Japan. SB America and SBH are both Delaware corporations with a principal business of serving as holding companies for the operations and investments of SOFTBANK. The business address of SB America and SBH is 300 Delaware Avenue, Suite 900, Wilmington, DE 19801. SOFTBANK is a Japanese corporation. The principal business of SOFTBANK is the provision of information and distribution services and infrastructure for the digital information industry, the distribution of computer software and network products and the publication of Japanese computer technology magazines. The business address of SOFTBANK is 24-1 Nihonbashi-Hakozakicho, Chuo-Ku, Tokyo 103- 8501, Japan. Mr. Fisher is a United States citizen. His principal occupation is vice chairman of SBH and his business address is c/o SOFTBANK Inc., 1188 Centre Street, Newton Centre, MA 02159. Mr. Kitao is a Japanese citizen. His principal occupation is executive vice president and chief executive officer in the corporate strategy department of SOFTBANK and his business address is c/o SOFTBANK Finance Corporation, 3-23 Kanda-Nishikicho, Chiyoda-ku, Tokyo 101-0054. Mr Son is a Japanese citizen. His principal occupation is president and chief executive officer of SOFTBANK and his business address is c/o SOFTBANK Corp., 24-1 Nihonbashi-Hakozakicho, Chuo-Ku, Tokyo 103-8501, Japan. None of the Reporting Persons, nor, to their best knowledge and belief, any of their respective executive officers or directors, has during the last five years been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or Cusip No. 45809K1034 Page 12 of 20 Pages has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Because of certain business relationships among the Reporting Persons, they are filing as if they constitute a group solely for informational purposes. By signing this statement, each Reporting Person agrees that this Statement is filed on its or his behalf. The filing of this statement is not an admission by any Reporting Person that such Reporting Person and any other Reporting Person or Reporting Persons constitute a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule 13d-5 thereunder. Each Reporting Person disclaims beneficial ownership of, or pecuniary interest in, any shares of Common Stock owned by any other Reporting Person, except to the extent that beneficial ownership or pecuniary interest is expressly reported herein. Item 3. Source and Amount of Funds or Other Consideration. SB Ventures used available working capital in the amount of $7,000,041.75 to make the purchases of 42,978 shares of Series D Preferred Stock referred to in Item 5. SOFTVEN No. 2 used available working capital in the amount of $23,000,067.37 to make the purchases of 141,213 shares of Series D Preferred Stock referred to in Item 5. SB Finance used available working capital in the amount of $17,736,352.80 to make the purchases of the 94,142 shares of Series D Preferred Stock referred to in Item 5. SB America used available working capital in the amount of $35,000,010.00 to make the purchase of 185,775 shares of Series E Preferred Stock, and $35,000,000.00 to make the purchase of 1,764,710 shares of Common Stock and 9,304 shares of Series B Preferred Stock, and $10,751,422.80 to make the purchases of 570,670 shares of Common Stock referred to in Item 5. Mr. Fisher borrowed $807,482.40 from SOFTBANK to make the purchase of 42,860 shares of Common Stock referred to in Item 5. No other borrowed funds or other consideration were used for such purchases. Item 4. Purpose of the Transaction. The securities purchased by the Reporting Persons were purchased solely for investment. Other than as described herein, at the present time none of the Reporting Persons has any plans or proposals which relate to or would result in (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company, (b) an extraordinary corporate transaction, such as a merger, reorganization or Cusip No. 45809K1034 Page 13 of 20 Pages liquidation, involving the Company or any of its subsidiaries, (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries, (d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board, (e) any material change in the present capitalization or dividend policy of the Company, (f) any other material change in the Company's business or corporate structure, (g) changes in the Company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person, (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act or (j) any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. In December of 1998, SVI purchased an aggregate of 42,978 shares of Series D Preferred Stock of the Company ("Series D Preferred Stock") for aggregate consideration of $7,000,041.75 in a private placement by the Company. As a result of subsequent stock splits and conversion of the shares into Common Stock of the Company, these shares were changed into 644,670 shares of Common Stock currently held by SB Ventures. In February of 1999, SOFTVEN No. 2 purchased an aggregate of 141,213 shares of Series D Preferred Stock of the Company for aggregate consideration of $23,000,067.37 in a private placement by the Company. In June of 1999, SOFTVEN No. 2 sold 94,142 shares of the Series D Preferred Stock held by it to SB Finance for $17,736,352.80, leaving SOFTVEN No. 2 with 47,071 shares of Series D Preferred Stock. As a result of subsequent stock splits and conversion of the shares into Common Stock of the Company, these shares were changed into 706,065 and 1,412,130 shares of Common Stock, respectively, currently held by SOFTVEN No. 2 and SB Finance. In March and April of 1999, SB America purchased an aggregate of 185,775 shares of Series E Preferred Stock of the Company ("Series E Preferred Stock") for aggregate consideration of $35,000,010.00 in a private placement by the Company. In May of 1999, SB America purchased an aggregate of 1,764,710 shares of Common Stock and 9,304 shares of Series B Preferred Stock ("Series B Preferred Stock") for aggregate consideration of $35,000,000.00 in private placements by the Company, and an additional 570,670 shares of Common Stock for an aggregate of $10,751,422.80 from several shareholders of the Company. As a result of stock splits, conversion of shares of Series B Preferred Stock and Series E Preferred Stock into shares of Common Stock and the sale by SB America of Cusip No. 45809K1034 Page 14 of 20 Pages 121,509 shares of Common Stock to certain of its employees, SB America's current holdings are comprised of 6,307,745 shares of Common Stock. Included in the 121,509 shares of Common Stock sold by SB America to its employees were 64,290 shares (before a stock split, 42,860 shares) sold to Mr. Fisher for $807,482.40. SVI and SB Finance are wholly-owned subsidiaries of SOFTBANK. Accordingly, SOFTBANK may be regarded as a beneficial owner of securities owned by SVI and SB Finance. The managing partner of SOFTVEN No. 2 is SoftVenture Capital, Inc., a Japanese corporation, which is wholly-owned by SOFTBANK. Accordingly, SOFTBANK may be regarded as a beneficial owner of securities owned by SOFTVEN No. 2. SBH owns all the outstanding stock of SB America. Accordingly, SBH may be regarded as a beneficial owner of securities owned by SB America. SBH is in turn a wholly-owned subsidiary of SOFTBANK. Accordingly, securities beneficially owned by SBH may be deemed beneficially owned by SOFTBANK. Mr. Fisher is vice chairman of SBH and may be deemed to have voting or investment control with respect to shares beneficially owned by SBH. Accordingly, securities beneficially owned by SBH may be deemed beneficially owned by Mr. Fisher. Mr. Kitao is executive vice president and chief executive officer in the corporate strategy department of SOFTBANK and may be deemed to have voting or investment control with respect to shares beneficially owned by SOFTBANK. Accordingly, securities beneficially owned by SOFTBANK may be deemed beneficially owned by Mr. Kitao. Mr. Son is the President and Chief Executive Officer of SOFTBANK and owns an approximately 38.27% interest in SOFTBANK. Accordingly, securities beneficially owned by SOFTBANK may be deemed beneficially owned by Mr. Son. As of the date of filing of this Statement, SVI, SOFTVEN No. 2, SB America, SB Finance, SBH, SOFTBANK, Mr. Fisher, Mr. Kitao and Mr. Son may be deemed beneficial owners of a total of 9,070,610 shares of Common Stock, representing approximately 26.16% of the Common Stock outstanding and consisting of 644,670 shares of Common Stock directly owned by SVI, 706,065 shares of Common Stock directly owned by SOFTVEN No.2, 6,307,745 shares of Common Stock directly owned by SB America, 1,412,130 shares of Common Stock directly owned by SB Finance. Mr. Fisher also directly owns 66,790 shares of Common Stock; therefore, he may be deemed beneficial owner of a total of 9,137,400 shares, or 26.36% of the Common Stock outstanding. Mr. Kitao also directly owns 2,500 shares of common stock; therefore, he may be deemed beneficial owner of a total of 9,073,110 shares, or 26.17% of the Common Stock outstanding. None of the Reporting Persons, nor, to their best knowledge and belief, any of their respective executive officers or directors, has effected any transaction in the Common Stock during the past 60 days. Cusip No. 45809K1034 Page 15 of 20 Pages Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. See Items 2 and 5 above for information about certain relationships among the reporting parties. Item 7. Material to be filed as Exhibits. Exhibit 1 Agreement of Joint Filing, dated as of February 14, 2000, by and among SOFTBANK Ventures, Inc., SOFTVEN No. 2 Investment Enterprise Partnership, SOFTBANK Finance Corporation, SOFTBANK America Inc., SOFTBANK Holdings Inc., SOFTBANK Corp. and Mr. Masayoshi Son. Exhibit 2 Power of Attorney, dated February 17, 1998, whereby Mr. Masayoshi Son and SOFTBANK Corp. grant Stephen A. Grant a limited power of attorney (incorporated by reference to Exhibit 24 to the Statement on Schedule 13G filed by SOFTBANK, Mr. Son and SOFTBANK Ventures, Inc. on February 17, 1998 with respect to Concentric Network Corporation). Cusip No. 45809K1034 Page 16 of 20 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: April 6, 2000 SOFTBANK VENTURES, INC. By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao Title: President & CEO SOFTVEN NO. 2 INVESTMENT ENTERPRISE PARTNERSHIP By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao Title: President & CEO SOFTBANK FINANCE CORPORATION By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao Title: President & CEO SOFTBANK AMERICA INC. By: /s/ Ronald D. Fisher --------------------------------- Name: Ronald D. Fisher Title: Vice Chairman SOFTBANK HOLDINGS INC. By: /s/ Stephen A. Grant --------------------------------- Name: Stephen A. Grant Title: Secretary Cusip No. 45809K1034 Page 17 of 20 Pages SOFTBANK CORPORATION By: /s/ Stephen A. Grant --------------------------------- Name: Stephen A. Grant Title: Attorney-in-Fact RONALD D. FISHER By: /s/ Ronald D. Fisher --------------------------------- Name: Ronald D. Fisher YOSHITAKA KITAO By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao MASAYOSHI SON By: /s/ Stephen A. Grant --------------------------------- Name: Stephen A. Grant Title: Attorney-in-Fact EXHIBIT INDEX Exhibit 1 Agreement of Joint Filing, dated as of February 14, 2000, by and among SOFTBANK Ventures, Inc., SOFTVEN No. 2 Investment Enterprise Partnership, SOFTBANK Finance Corporation, SOFTBANK America Inc., SOFTBANK Holdings Inc., SOFTBANK Corp. and Mr. Masayoshi Son. Exhibit 2 Power of Attorney, dated February 17, 1998, whereby Mr. Masayoshi Son and SOFTBANK Corp. grant Stephen A. Grant a limited power of attorney (incorporated by reference to Exhibit 24 to the Statement on Schedule 13G filed by SOFTBANK, Mr. Son and SOFTBANK Ventures, Inc. on February 17, 1998 with respect to Concentric Network Corporation). EX-99.1 2 EXHIBIT 1: AGREEMENT OF JOINT FILING EXHIBIT 1 AGREEMENT OF JOINT FILING In accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a Statement on Schedule 13D, and any amendments thereto, with respect to the Common Stock, par value $0.001 per share, of InsWeb Corporation, Inc. and that this agreement be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same agreement. IN WITNESS WHEREOF, each of the undersigned hereby executes this Agreement as of February 14, 2000. SOFTBANK VENTURES, INC. By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao Title: President & CEO SOFTVEN NO. 2 INVESTMENT ENTERPRISE PARTNERSHIP By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao Title: President & CEO SOFTBANK FINANCE CORPORATION By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao Title: President & CEO SOFTBANK AMERICA INC. By: /s/ Ronald D. Fisher --------------------------------- Name: Ronald D. Fisher Title: Vice Chairman Cusip No. 45809K1034 Page 20 of 20 Pages SOFTBANK HOLDINGS INC. By: /s/ Stephen A. Grant --------------------------------- Name: Stephen A. Grant Title: Secretary SOFTBANK CORPORATION By: /s/ Stephen A. Grant --------------------------------- Name: Stephen A. Grant Title: Attorney-in-Fact RONALD D. FISHER By: /s/ Ronald D. Fisher --------------------------------- Name: Ronald D. Fisher YOSHITAKA KITAO By: /s/ Yoshitaka Kitao --------------------------------- Name: Yoshitaka Kitao MASAYOSHI SON By: /s/ Stephen A. Grant --------------------------------- Name: Stephen A. Grant Title: Attorney-in-Fact -----END PRIVACY-ENHANCED MESSAGE-----