FORM 4 U.S. Securities and Exchange Commission
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Check this box if no longer OMB APPROVAL
subject to Section 16. Form 4 or OME Number 3235-0287
Form 5 obligations may continue. Expires:April 30,1997
See Instruction 1(b). Estimated average
burden hours per
response .. 0.5
Filed pursuant to Section 16(a) of the Securitites Exchange Act
of 1934. Section 17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Eisaguirre, Lewis K.
(Last) (First) (Middle)
1640 North Gower Street
(Street)
Los Angeles, California 90028
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IndeNet, Inc. - INDE
3. IRS or Social Security Number of Reporting Perons
(Voluntary)
68-0158367
4. Statement for Month/Year
3/96
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all
applicable)
X Director 10% Owner
X Officer (give title Other (specify
below) below)
Chief Financial Officer
TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
1. Title of 2. Transaction 3. Transaction
Security Date Code
Common Stock
Personal Account 3/29/96
Common Stock 3/29/96
Venture Co.
4. Securities Acquired (A)
or Disposed of (D)
Amount (A) or (D) Price
102,000 D $6.09
50,000 D $6.19
5. Amount of Securities Beneficially Owned at End of Month
183,822
6. Ownership Form: Direct (D) or Indirect (I)
D
7. Nature of Indirect Beneficial Ownership
N/A
Table II
Derivative Securities Acquired, Disposed of, or Beneficially
Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/Day/Year)
4. Transaction Code
5. Number of Derivative Securities Acquired (A) or Disposed of
(D)
(A) (D)
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
7. Title and Amount of Underlying Securities
Title Amount or Number of Shares
8. Price of Derivative Security
9. Number of Derivative Securities Beneficially Owned at End of
Month
10. Ownership Form of Derivative Security: Direct (D) or Indirect
(I)
11. Nature of Indirect Beneficial Ownership
Explanation of Responses:
/s/ Lewis K. Eisaguirre April 9, 1996
** Signature of Reporting Date
Person
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15
U.S.C. 78ff(a).
