International Network Capital Global Investment LTD

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WI Harper Group

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DIVX INC [ DIVX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/27/2006		C		598,935	A	⁽¹⁾	598,935	I	See Foot Note⁽⁴⁾
Common Stock	09/27/2006		C		3,102,592	A	⁽²⁾	3,701,527	I	See Foot Note⁽⁵⁾
Common Stock	09/27/2006		C		107,610	A	⁽³⁾	3,809,137	I	See Foot Note⁽⁶⁾
Common Stock	09/26/2006		M		26,244	A	$0.7252	3,835,381	I	See Foot Note⁽⁷⁾
Common Stock	09/26/2006		F		1,190	D	$16	3,834,191	I	See Foot Note⁽⁷⁾
Common Stock	09/26/2006		M		4,659	A	$4.6464	3,838,850	I	See Foot Note⁽⁸⁾
Common Stock	09/26/2006		F		1,355	D	$16	3,837,495	I	See Foot Note⁽⁹⁾
Common Stock	09/27/2006		S		864,627	D	$16	2,972,868	I	See Foot Note⁽¹⁰⁾

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Preferred Stock	⁽¹⁾	09/27/2006		C			801,976	⁽¹⁾	⁽¹⁾	Common Stock	598,935	$0	0	I	See Foot Note⁽⁴⁾
Series B Preferred Stock	⁽²⁾	09/27/2006		C			6,205,185	⁽²⁾	⁽²⁾	Common Stock	3,102,592	$0	0	I	See Foot Note⁽⁵⁾
Series C Preferred Stock	⁽³⁾	09/27/2006		C			215,221	⁽³⁾	⁽³⁾	Common Stock	107,610	$0	0	I	See Foot Note⁽⁶⁾
Common Stock Warrant	$0.7252	09/26/2006		M			26,244	⁽¹¹⁾	04/22/2009	Common Stock	26,244	$0	98,756	I	See Foot Note⁽⁷⁾
Common Stock Warrant	$4.6464	09/26/2006		M			4,659	⁽¹¹⁾	09/27/2006	Common Stock	4,659	$0	0	I	See Foot Note⁽⁸⁾

1. Name and Address of Reporting Person^*

WI Harper Group

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

International Network Capital Global Fund

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

International Network Capital Global Investment LTD

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

International Network Capital Corp

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

International Network Capital LDC

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Beijing Technology Development Fund

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Springboard-Harper Technology Fund PTE Ltd

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Springboard-Harper Investment (Cayman) Ltd

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Springboard-Harper Technology Fund (Cayman) Ltd

(Last)

(First)

(Middle)

50 CALIFORNIA STREET, SUITE 2920

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

Explanation of Responses:

1. Each one share of Series A Preferred Stock converted into 0.7469 shares of the Issuer's common stock and had no expiration date.

2. Each two shares of Series B Preferred Stock converted into one share of the Issuer's common stock and had no expiration date.

3. Each two shares of Series C Preferred Stock converted into one share of the Issuer's common stock and had no expiration date.

4. See attached Exhibit 99.1

5. See attached Exhibit 99.1

6. See attached Exhibit 99.1

7. Shares held by WI Harper Group, Inc.

8. See attached Exhibit 99.1

9. See attached Exhibit 99.1

10. See attached Exhibit 99.1

11. Immediately exercisable.

	See Signatures Included in Exhibit 99.2	09/28/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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