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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Q3ucJiHEr2mJWH37IMMaQSR1ta0jYrf3/Boou8TFWBWBRkPYw7tJxLPLKR8oJ09Y
 QIwXrM0yP8w0ABrKa6kmyQ==

<SEC-DOCUMENT>0001181431-03-024441.txt : 20030926
<SEC-HEADER>0001181431-03-024441.hdr.sgml : 20030926
<ACCEPTANCE-DATETIME>20030926101228
ACCESSION NUMBER:		0001181431-03-024441
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030908
FILED AS OF DATE:		20030926

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BUCKLEY WALTER W III
		CENTRAL INDEX KEY:			0001184528

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16249
		FILM NUMBER:		03911238

	BUSINESS ADDRESS:	
		STREET 1:		435 DEVON PARK DRIVE BLDG 600
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		6109890111

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNET CAPITAL GROUP INC
		CENTRAL INDEX KEY:			0001085621
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				232996071
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		600 SAFEGUARD BUILDING
		STREET 2:		435 DEVON PARK DRIVE
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087
		BUSINESS PHONE:		6109890111

	MAIL ADDRESS:	
		STREET 1:		600 SAFEGUARD BUILDING
		STREET 2:		435 DEVON PARK DRIVE
		CITY:			WAYNE
		STATE:			PA
		ZIP:			19087
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd19103.xml
<DESCRIPTION>BUCKLEY FORM 4 090803
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-09-08</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001085621</issuerCik>
        <issuerName>INTERNET CAPITAL GROUP INC</issuerName>
        <issuerTradingSymbol>ICGE</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001184528</rptOwnerCik>
            <rptOwnerName>BUCKLEY WALTER W III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>435 DEVON PARK DRIVE, BUILDING 600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WAYNE</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19087</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock, par value $.001 per share</value></securityTitle><transactionDate><value>2003-09-08</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1"/></transactionCoding><transactionAmounts><transactionShares><value>542326</value></transactionShares><transactionPricePerShare><value>.4827</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>5544910</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownership
Nature></nonDerivativeTransaction><nonDerivativeHolding><securityTitle><value>Common Stock, par value $.001 per share</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>850000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>held by spouse</value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock, par value $.001 per share</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>250000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>held by trust for benefit of Mr. Buckley's relative</value></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Common Stock, par value $.
001 per share</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>250000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>held by trust the benefit of Mr. Buckley's relative</value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><footnotes><footnote id="F1">This open market sale of 542,326 shares was a majority of the remaining portion of the approximately 875,000 shares of ICG stock mentioned in ICG's June 23, 2003 press release.  As noted in the press release, these shares were the remaining held by a third party lender to secure a personal loan for the Reporting Person.  After foreclosing on the loan, the secured creditor gained sole legal authority over these shares.</footnote></footnotes><ownerSignature><signatureName>Walter W. Buckley, III</signatureName><signatureDate>2003-09-24</signatureDate></ownerSign
ature></ownershipDocument>



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