X0202 5/A 2006-09-14 2007-01-03 0 0 0 0001095276 WHITNEY INFORMATION NETWORK INC RUSS 0001218340 WHITNEY RUSSELL A WHITNEY INFORMATION NETWORK, INC. 1612 E. CAPE CORAL PARKWAY CAPE CORAL FL 33904 1 1 1 0 Chief Executive Officer Common Stock 2006-09-14 5 X 0 375000 6.00 D 4991850 I By International Securities 3, LLC Common Stock Warrants (obligation to sell) 6.00 2006-09-14 5 X 0 375000 0 D 2005-12-13 2009-12-13 Common Stock 375000 312500 D Disposition resulting from the conversion of warrants issued by the Reporting Person on December 13, 2005. Reported in the Original Form 5 as 4,986,850. As of the Transaction Date, International Securities 3, LLC was owned jointly by the Reporting Person and his spouse, Ingrid Whitney. This Form 5/A amends the Form 5 filed by the Reporting Person on January 3, 2007 (the "Original Form 5"). The Original Form 5 only reported in Table I the disposition of Common Stock by the Reporting Person resulting from the conversion of warrants issued by the Reporting Person and did not include any information in Table II. /s/ Russell Whitney 2008-05-22