INSWEB CORP
SC 13G, 2000-02-14
BUSINESS SERVICES, NEC
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                                (Amendment No.      )
                                              ------

                               InsWeb Corporation
- - --------------------------------------------------------------------------------
                                (Name of Issuer)

                                     Common
- - --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    45809K103
                               -------------------
                                 (CUSIP Number)


- - --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate box to designate the rule pursuant to
which this Schedule is filed:

                  / / Rule 13d-1(b)

                  /X/  Rule 13d-1(c)

                  / /  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 ("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).


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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 2 OF 9 PAGES
- - -------------------                                            -----------------

- - --------------------------------------------------------------------------------
     1        NAMES OF REPORTING PERSONS.  I.R.S. IDENTIFICATION NO. OF ABOVE
              PERSON (ENTITIES ONLY)

                       Hussein A. Enan

- - --------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
              (a)/ /
              (b)/ /
- - --------------------------------------------------------------------------------
     3        SEC USE ONLY


- - --------------------------------------------------------------------------------
     4        CITIZENSHIP OR PLACE OF ORGANIZATION

              Canada
- - --------------------------------------------------------------------------------
                                5      SOLE VOTING POWER
                                              4,769,353
        NUMBER OF               ------------------------------------------------
          SHARES                6      SHARED VOTING POWER
       BENEFICIALLY                           300,000
         OWNED BY               ------------------------------------------------
         BY EACH                7      SOLE DISPOSITIVE POWER
        REPORTING                             4,769,353
          PERSON                ------------------------------------------------
           WITH                 8      SHARED DISPOSITIVE POWER
                                              300,000
- - --------------------------------------------------------------------------------
     9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                       5,069,353
- - --------------------------------------------------------------------------------
     10       CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
              / /

- - --------------------------------------------------------------------------------
     11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                       14.59%
- - --------------------------------------------------------------------------------
     12       TYPE OF REPORTING PERSON *
                       IN
- - --------------------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!


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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 3 OF 9 PAGES
- - -------------------                                            -----------------


Item 1(a)         NAME OF ISSUER:

                  InsWeb Corporation

Item 1(b)         ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  901 Marshall Street
                  Redwood City, CA  94063

Item 2(a)         NAME OF PERSON FILING:

                  Hussein A. Enan

Item 2(b)         ADDRESS OF PERSON FILING:

                  901 Marshall Street
                  Redwood City, CA  94063

Item 2(c)         CITIZENSHIP:

                  Canada

Item 2(d)         TITLE OF CLASS OF SECURITIES:

                  Common Stock, $0.001 par value

Item 2(e)         CUSIP NUMBER:

                  45809K103

Item 3 If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person is filing is a:

         (a)      / /      Broker or dealer registered under section 15 of the
                           Act (15 U.S.C. 78o).

         (b)      / /      Bank as defined in section 3(a)(6) of the Act (15
                           U.S.C. 78c).

         (c)      / /      Insurance company as defined in section 3(a)(19) of
                           the Act (15 U.S.C. 78c).

         (d)      / /      Investment company registered under section 8 of the
                           Investment Company Act of 1940 (15 U.S.C. 80a-8).

         (e)      / /      An investment adviser in accordance with Section
                           240.13d-1(b)(1)(ii)(E);

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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 4 OF 9 PAGES
- - -------------------                                            -----------------


         (f)      / /      An employee benefit plan or endowment fund in
                           accordance with Section 240.13d-1(b)(1)(ii)(F);

         (g)      / /      A parent holding company or control person in
                           accordance with Section 240.13d-1(b)(1)(ii)(G);

         (h)      / /      A savings associations as defined in Section 3(b) of
                           the Federal Deposit Insurance Act (12 U.S.C. 1813);

         (i)      / /      A church plan that is excluded from the definition of
                           an investment company under section 3(c)(14) of the
                           Investment Company Act of 1940 (15 U.S.C. 80a-3);

         (j)      / /      Group, in accordance with Section
                           240.13d-1(b)(1)(ii)(J).

Item 4            OWNERSHIP:
         Provide the following information regarding the aggregate number and
percentage of the class and securities of the issuer identified in Item I.

         (a)      Amount "beneficially" owned within the meaning of rule 13d-3:

                  5,069,353

         (b)      Percent of class:

                  14.59% (based on 34,742,760 shares outstanding at 12/31/99)

         (c)      Number of shares as to which such person has:

                    (i)    sole power to vote or direct the vote:  4,769,353

                    (ii)   shared power to vote or direct the vote:  300,000

                    (iii)  sole power to dispose or to direct the disposition
                           of: 4,769,353

                    (iv)   shared power to dispose or to direct disposition of:
                           300,000

Item 5            OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

                  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 AS
                  ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
                  COMPANY

<PAGE>

- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 5 OF 9 PAGES
- - -------------------                                            -----------------

                  Not Applicable.

Item 8            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

                  Not Applicable.

Item 9            NOTICE OF DISSOLUTION OF GROUP

                  Not Applicable.

Item 10           CERTIFICATIONS.

                  (a)      The following certification shall be included if the
                           statement is filed pursuant to Section 240.13d-1(b):

                           By signing below I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  acquired and are held in the ordinary course of business and
                  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.

                  (b)      The following certification shall be included if the
                           statement is filed pursuant to Section 240.13d-1(c):

                           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.

                  NOTE: Schedules filed in paper format shall include a signed
                  original and five copies of the schedule, including all
                  exhibits. See Section 240.13D-7 for other parties for whom
                  copies are to be sent.

                  ATTENTION:  INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
                              CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18
                              U.S.C. 1001).


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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 6 OF 9 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.

Date:  February 14, 2000

/s/                                        /s/
- - ----------------------------------         ----------------------------------
Hussein A. Enan, Trustee                   Danielle S. Enan, Trustee
The Hussein A. Enan Annuity Trust          The Danielle S. Enan Annuity Trust
dated 11/19/99                             dated 11/19/99


/s/
- - ----------------------------------
Hussein A. Enan


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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 7 OF 9 PAGES
- - -------------------                                            -----------------



                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT REFERENCE   DESCRIPTION
<S>                 <C>
      A             Agreement to Jointly File Schedule13G
</TABLE>

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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 8 OF 9 PAGES
- - -------------------                                            -----------------


                                    EXHIBIT A

                     Agreement to Jointly File Schedule13(G)


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- - -------------------                                            -----------------
CUSIP NO. 45809K103                  13G                       PAGE 9 OF 9 PAGES
- - -------------------                                            -----------------


                     AGREEMENT TO JOINTLY FILE SCHEDULE 13G




         AGREEMENT dated as of February 14, 2000 by and among The Hussein A.
Enan Annuity Trust dated 11/19/99, The Danielle S. Enan Annuity Trust dated
11/19/99 (collectively "The Trusts") and Hussein A.
Enan.

         WHEREAS, pursuant to paragraph (k) of Rule 13d-1 promulgated under
Subsection 13(d)(1) of the Securities Exchange Act of 1934, as amended (the
"1934 Act"), the parties hereto have decided to satisfy their filing obligations
under the 1934 Act by a single joint filing:

         NOW, THEREFORE, the undersigned hereby agree as follows:

         1. The Schedule 13G with respect to InsWeb Corporation, to which this
is attached as Exhibit A, is filed on behalf of The Trusts and Husssein A. Enan.

         2. Each of The Trusts and Husssein A. Enan is responsible for the
completeness and accuracy of the information concerning such person contained
therein.

         IN WITNESS WHEREOF, the undersigned hereunto set their hands as of the
date first above written.

Date:  February 14, 2000


/s/
- - -------------------------------------
Hussein A. Enan, Trustee
The Hussein A. Enan Annuity Trust
dated 11/19/99



/s/
- - -------------------------------------
Hussein A. Enan




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