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Howe Kevin C, et al. – ‘SC 13G’ on 12/31/08 re: Ibsg International Inc

On:  Wednesday, 12/31/08, at 5:27pm ET   ·   Accession #:  950134-8-22984   ·   File #:  5-84396

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/31/08  Howe Kevin C                      SC 13G                 2:103K Ibsg International Inc            RR Donnelley
          Mercury Fund VIII, Ltd.
          Mercury Management, L.L.C.
          Mercury Ventures II, Ltd.

Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                   HTML     71K 
 2: EX-99.A     Ex-A                                                HTML     15K

SC 13G   —   Statement of Beneficial Ownership

This is an HTML Document rendered as filed.  [ Alternative Formats ]

  sc13g  
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
IBSG INTERNATIONAL, INC.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
449236207
(CUSIP Number)
December 20, 2008
(Date of Event Which Requires Filing of this Statement)
     Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1(b)
þ Rule 13d-1(c)
o Rule 13d-1(d)
     *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 the disclosures provided in a prior cover page.
     The information required in 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, as amended (“Act”), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
 
 

 

 

                     
CUSIP No.
  
449236207 
   Page  
2 
   of   
10 

 

           
1   NAME OF REPORTING PERSON
I. R. S. Identification No. of Above Person (entities only)

Mercury Fund VIII, Ltd.  I.R.S. Identification No. 26-1440289
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   808,000(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   808,000(1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  808,000(1)
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.48%(2)
     
12   TYPE OF REPORTING PERSON*
   
  PN
(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, Ltd. (“Mercury Ventures II”), which is the General Partner of Mercury Fund VIII, Ltd. (“Mercury VIII”).
(2) Assumes a total of 12,476,538 shares of common stock (the “Common Stock”) outstanding based on IBSG International, Inc.’s (“IBSG”) Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.

 

                     
CUSIP No.
  
449236207 
   Page  
3 
   of   
10 

 

           
1   I. R. S. Identification No. of Above Person (entities only)

Mercury Ventures II, Ltd. I.R.S. Identification No. 20-4736567
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   808,000(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   808,000(1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  808,000(1)
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.48%(2)
     
12   TYPE OF REPORTING PERSON*
   
  PN
(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VIII.
(2) Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.

 

                     
CUSIP No.
  
449236207 
   Page  
4 
   of   
10 

 

           
1   NAME OF REPORTING PERSON
I. R. S. Identification No. of Above Person (entities only)

Mercury Management, L.L.C.  I.R.S. Identification No. 75-2796232
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   808,000(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   808,000(1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  808,000(1)
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.48%(2)
     
12   TYPE OF REPORTING PERSON*
   
  OO
(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VIII.
(2) Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.

 

                     
CUSIP No.
  
449236207 
   Page  
5 
   of   
10 

 

           
1   NAME OF REPORTING PERSON
I. R. S. Identification No. of Above Person (entities only)

Kevin C. Howe
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   808,000(1)
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   -0-
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   808,000(1)
       
WITH 8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  808,000(1)
     
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  6.48%(2)
     
12   TYPE OF REPORTING PERSON*
   
  IN
(1) Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VIII.
(2) Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.
*SEE INSTRUCTIONS BEFORE FILLING OUT!

 

     
CUSIP No. 449236207   Page 6 of 10
Introduction
     Pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, Mercury Fund VIII, Ltd. (“Mercury VIII”), Mercury Ventures II, Ltd. (“Mercury Ventures II”), Mercury Management, L.L.C. (“Mercury Management”) and Kevin C. Howe (“Mr. Howe”) are making this joint filing on Schedule 13G.
Item 1(a).   Name of Issuer:
IBSG International, Inc., a Florida corporation
Item 1(b).   Address of Issuer’s Principal Executive Offices:
1132 Celebration Blvd., Celebration, Florida 34747
Item 2(a).   Name of Person Filing:
Mercury Fund VIII, Ltd.
Mercury Ventures II, Ltd.
Mercury Management, L.L.C.
Kevin C. Howe
Item 2(b).   Address of Principal Business Office or, if None, Residence:
The principal business office of Mercury VIII, Mercury Ventures II, Mercury Management and Mr. Howe is 501 Park Lake Drive, McKinney, Texas 75070.
Item 2(c).   Citizenship:
Mercury VIII’s place of organization is Texas
Mercury Ventures II’s place of organization is Texas
Mercury Management’s place of organization is Texas
Mr. Howe is a citizen of the United States
Item 2(d).   Title of Class of Securities:
Common stock, $0.001 par value per share (the “Common Stock”)
Item 2(e).   CUSIP Number:
449236207
Item 3.   If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
Not Applicable.

 

 

     
CUSIP No. 449236207   Page 7 of 10
Item 4.   Ownership:
Mercury VIII
         
(a) Amount beneficially owned:
     808,000 (1)
(b) Percent of class:
     6.48 %(2)
(c) Number of shares as to which the person has:
        
(i) Sole power to vote or direct the vote
     808,000 (1)
(ii) Shared power to vote or direct the vote
     -0-  
(iii) Sole power to dispose or to direct the disposition of
     808,000 (1)
(iv) Shared power to dispose or to direct the disposition of
     -0-  
 
(1)   Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VIII.
 
(2)   Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.
Mercury Ventures II
         
(a) Amount beneficially owned:
     808,000 (1)
(b) Percent of class:
     6.48 %(2)
(c) Number of shares as to which the person has:
        
(i) Sole power to vote or direct the vote
     808,000 (1)
(ii) Shared power to vote or direct the vote
     -0-  
(iii) Sole power to dispose or to direct the disposition of
     808,000 (1)
(iv) Shared power to dispose or to direct the disposition of
     -0-  
 
(1)   Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VIII.
 
(2)   Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.
Mercury Management
         
(a) Amount beneficially owned:
     808,000 (1)
(b) Percent of class:
     6.48 %(2)
(c) Number of shares as to which the person has:
        

 

 

     
CUSIP No. 449236207   Page 8 of 10
         
(i) Sole power to vote or direct the vote
     808,000 (1)
(ii) Shared power to vote or direct the vote
     -0-  
(iii) Sole power to dispose or to direct the disposition of
     808,000 (1)
(iv) Shared power to dispose or to direct the disposition of
     -0-  
 
(1)   Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VIII.
 
(2)   Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.
Mr. Howe
         
(a) Amount beneficially owned:
     808,000 (1)
(b) Percent of class:
     6.48 %(2)
(c) Number of shares as to which the person has:
        
(i) Sole power to vote or direct the vote
     808,000 (1)
(ii) Shared power to vote or direct the vote
     -0-  
(iii) Sole power to dispose or to direct the disposition of
     808,000 (1)
(iv) Shared power to dispose or to direct the disposition of
     -0-  
 
(1)   Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VIII.
 
(2)   Assumes a total of 12,476,538 shares of Common Stock outstanding based on IBSG’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 filed on November 14, 2008.
Item 5.   Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ]
Not Applicable.
Item 6.   Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
Not Applicable

 

 

     
CUSIP No. 449236207   Page 9 of 10
Item 8.   Identification and Classification of Members of the Group:
The following lists each member of the group filing this Schedule 13G pursuant to Rule 13d-1(c):
Mercury Fund VIII, Ltd.
Mercury Ventures II, Ltd.
Mercury Management, L.L.C.
Kevin C. Howe
Item 9.   Notice of Dissolution of Group:
Not Applicable
Item 10.   Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
[Remainder of Page Intentionally Left Blank]

 

 

     
CUSIP No. 449236207   Page 10 of 10
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.
             
December 31, 2008   MERCURY FUND VIII, LTD.
 
            
    By:   MERCURY VENTURES II, LTD.
        General Partner
 
            
    By:   MERCURY MANAGEMENT, L.L.C.
        General Partner
 
            
 
      By:   /s/ Kevin C. Howe
 
           
 
      Name:   Kevin C. Howe
 
      Title:   Manager
 
            
December 31, 2008   MERCURY VENTURES II, LTD.
 
            
    By:   MERCURY MANAGEMENT, L.L.C.
        General Partner
 
            
    By:   /s/ Kevin C. Howe
         
    Name:   Kevin C. Howe
    Title:   Manager
 
            
December 31, 2008   MERCURY MANAGEMENT, L.L.C.
 
            
    By:   /s/ Kevin C. Howe
         
        Name: Kevin C. Howe
        Title: Manager
 
            
December 31, 2008       /s/ Kevin C. Howe
         
        Name: Kevin C. Howe

 

 

EXHIBIT A
JOINT FILING AGREEMENT

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G’ Filing    Date    Other Filings
Filed on:12/31/088-K
12/20/08
11/14/0810-Q
9/30/0810-Q
 List all Filings 
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