Sec Form 4 Filing - VON FURSTENBERG DIANE @ IAC/INTERACTIVECORP - 2008-09-30

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
VON FURSTENBERG DIANE
2. Issuer Name and Ticker or Trading Symbol
IAC/INTERACTIVECORP [ IACI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
440 WEST 14TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2008
(Street)
NEW YORK, NY10014
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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, par value $0.001 09/30/2008 A 325 A $ 17.3 18,505 ( 1 ) D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Restricted Stock Units ( 2 ) $ 0 06/20/2007 06/20/2009 Common Stock, par value $0.001 2,865 2,865 D
Restricted Stock Units ( 2 ) $ 0 06/13/2008 06/13/2010 Common Stock, par value $0.001 5,730 5,730 D
Restricted Stock Units ( 2 ) $ 0 08/01/2009 08/01/2011 Common Stock, par value $0.001 8,594 8,594 D
Options to Purchase Common Stock ( 3 ) $ 17.56 08/20/2008 03/31/2009 Common Stock, par value $0.001 2,499 2,499 D
Options to Purchase Common Stock ( 3 ) $ 18.51 08/20/2008 10/01/2009 Common Stock, par value $0.001 2,499 2,499 D
Options to Purchase Common Stock ( 3 ) $ 21.48 08/20/2008 04/04/2010 Common Stock, par value $0.001 1,249 1,249 D
Options to Purchase Common Stock ( 3 ) $ 24.99 08/20/2008 05/02/2011 Common Stock, par value $0.001 1,249 1,249 D
Options to Purchase Common Stock ( 3 ) $ 24.42 08/20/2008 05/30/2011 Common Stock, par value $0.001 1,249 1,249 D
Options to Purchase Common Stock ( 3 ) $ 23.56 08/20/2008 06/12/2012 Common Stock, par value $0.001 2,499 2,499 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VON FURSTENBERG DIANE
440 WEST 14TH STREET
NEW YORK, NY10014
X
Signatures
Joanne Hawkins as Attorney-in-Fact for Diane Von Furstenberg 10/02/2008
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes (i) 325 share units accrued under the Non-Employee Director Deferred Compensation Plan as of September 30, 2008, plus (ii) 5,802 share units previously accrued under the Non-Employee Director Deferred Compensation Plan prior to September 30, 2008, which number reflects adjustments made to such units (in the same manner as those made to restricted stock units (see footnote 2 below)) to reflect the one-for-two reverse stock split (the "Reverse Stock Split") effected in connection with, and immediately following, the spin-off by IAC of HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc. on August 20, 2008 (the "Spin-Off"), plus (iii) 12,378 shares of IAC common stock held by the reporting person, which number reflects adjustments to give effect to the Reverse Stock Split effected in connection with, and immediately following, the Spin-Off.
( 2 )Reflects previously granted restricted stock units with adjustments (to maintain pre- and post-Spin-Off values) to the number of shares of IAC common stock underlying such restricted stock units, to reflect the Spin-Off and Reverse Stock Split. These previously granted restricted stock units have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-off and Reverse Stock Split.
( 3 )In connection with the Spin-Off, stock options granted prior to December 31, 2007 were converted into options to purchase common stock of each of IAC, HSN, Inc., Interval Leisure Group, Inc., Ticketmaster and Tree.com, Inc., with adjustments (to maintain pre- and post-Spin-Off values) to the number of shares of common stock underlying each option and the per share exercise price to reflect the Spin-Off and Reverse Stock Split. These previously granted stock options have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-off and Reverse Stock Split. Reflects IAC stock options, as adjusted on the basis described immediately above.

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