FORM 5 U.S. Securities and Exchange Commission
Washington, D.C. 20549
ANNUAL 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
____ Form 3 Holdings Reported response .. 1.0
X_ Form 4 Transaction Reported
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(f) of the Investment Company Act of 1940.
1. Name and Address of Reporting Person
Kunkel William
(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 Persons
(Voluntary)
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
Officer (give title Other (specify
below) below)
TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security (Instr. 3)
2. Transaction Date
3. Transaction Code
4. Securities Acquired
A) or Disposed
of (D)
5. Amount of Securities
Beneficially Owned at
End of Issuer's Fiscal
Year (Instr. 3 and 4)
6. Ownership Form:
Direct (D) or
Indirect (I)
7. Nature of Indirect Beneficial Ownership
TABLE II
DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Title of
Security Security
Plan
Option
2. Conversion
or Exer-
cise Price
of Deriva-
tive Security $1.38
3. Trans-
action
Date
(Month/
Day/Year) 03/21/95
4. Trans-
action
Code
(Instr.8) A
5. Number of
Derivative
Securities
Acquired (A)
or Disposed
of (D)
(Instr. 3,
4, and 5)
34,385 (A)
6. Date Exer-
cisable and
Expiration
Date (Month/
Day/Year)
Date Exer-
cisable: 09/21/95
Expiration
Date: 12/31/2000
7. Title and
Amount of
Underlying
Securities
(Instr. 3
and 4)
Title: Common
Amount/No.
of Shares: 34,385
8. Price of
Derivative
Security
(Instr. 5)
9. Number of
Derivative
Securities
Beneficially
Owned at
End of Year
(Instr. 4) 34,385
10. Ownership
of Derivative
Security:
Direct (D)
or Indirect
(I) (Instr. 4) D
11. Nature of
Indirect
Beneficial
Ownership
(Instr. 4)
Explanation of Responses:
/s/ William Kunkel May 15, 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).
Note: File three copies of this Form, one of which must be
manually signed. If space provided is insufficient,
see Instruction 6 for procedure.
