Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MIHAYLO STEVEN G
   2. Issuer Name and Ticker or Trading Symbol
IMERGENT INC [IIG] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
P.O BOX 19790		 3. Date of Earliest Transaction (Month/Day/Year)
09/28/2007
(Street)

RENO, NV 89511		 4. If Amendment, Date Original Filed(Month/Day/Year)
10/04/2007		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 09/28/2007   P   21,300 A $ 22.5 1,117,000 I Via Trust
Common Stock 10/01/2007   P   53,000 A $ 23.4 1,170,000 I Via Trust
Common Stock 10/02/2007   P   80,000 A $ 23.45 1,250,000 I Via Trust
Common Stock 10/02/2007   P   50,000 A $ 23.49 1,300,000 I Via Trust
Common Stock 10/02/2007   P   100,000 A $ 23.5 1,400,000 I Via Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Put Option (obligation to buy) $ 22.5 09/28/2007   S     600 09/28/2007 10/20/2007 Common Stock 600 $ 0.95 600 I Via Trust
Put Option (obligation to buy) $ 25 09/28/2007   S     5,000 09/28/2007 10/20/2007 Common Stock 5,000 $ 2.65 5,000 I Via Trust
Put Option (obligation to buy) $ 25 10/01/2007   S     10,000 10/01/2007 10/20/2007 Common Stock 10,000 $ 1.95 10,000 I Via Trust
Put Option (obligation to buy) $ 22.5 10/02/2007   S     5,000 10/02/2007 11/17/2007 Common Stock 5,000 $ 1.35 5,000 I Via Trust
Put Option (obligation to buy) $ 22.5 10/02/2007   S     80,700 10/02/2007 11/17/2007 Common Stock 80,700 $ 1.3 80,700 I Via Trust
Put Option (obligation to buy) $ 22.5 10/02/2007   S     14,300 10/02/2007 11/17/2007 Common Stock 14,300 $ 1.25 14,300 I Via Trust
Put Option (obligation to buy) $ 22.5 10/03/2007   S     10,000 10/03/2007 11/17/2007 Common Stock 10,000 $ 1.3 10,000 I Via Trust
Put Option (obligation to buy) $ 22.5 10/03/2007   S     20,000 10/03/2007 11/17/2007 Common Stock 20,000 $ 1.25 20,000 I Via Trust
Put Option (obligation to buy) $ 22.5 10/03/2007   S     25,500 10/03/2007 11/17/2007 Common Stock 25,500 $ 1.2 25,500 I Via Trust
Put Option (obligation to buy) $ 22.5 10/03/2007   S     4,500 10/03/2007 11/17/2007 Common Stock 4,500 $ 1.15 4,500 I Via Trust
Put Option (obligation to buy) $ 22.5 10/03/2007   S     19,900 10/03/2007 11/17/2007 Common Stock 19,900 $ 1.1 19,900 I Via Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MIHAYLO STEVEN G
P.O BOX 19790
RENO, NV 89511		     X    

Signatures

 /s/ Steven G. Mihaylo   10/18/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
 
Remarks:
This Amended Form 4 is being filed to restate the Form 4 originally filed on 10/04/2007.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.