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 * RONNING JOEL A   2. Issuer Name and Ticker or Trading Symbol DIGITAL RIVER INC /DE [DRIV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO (Last) (First) (Middle) C/O DIGITAL RIVER, INC., 9625 W. 76TH STREET 3. Date of Earliest Transaction (Month/Day/Year) 08/04/2005 (Street) EDEN PRAIRIE, MN 55344 4. If Amendment, Date Original Filed(Month/Day/Year) 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 08/04/2005   M   32,786 A $ 5.125 973,589 D   Common Stock 08/04/2005   S   8,000 D $ 38.5 965,589 D   Common Stock 08/04/2005   S   597 D $ 38.5002 964,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5016 963,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5042 962,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.51 961,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5138 960,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.53 959,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5336 958,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.537 957,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5412 956,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5449 955,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5466 954,992 D   Common Stock 08/04/2005   S   2,000 D $ 38.55 952,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.556 951,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5681 950,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5799 949,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.5812 948,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.739 947,992 D   Common Stock 08/04/2005   S   1,000 D $ 38.801 946,992 D   Common Stock 08/04/2005   S   2,000 D $ 38.81 944,992 D   Common Stock 08/04/2005   S   2,500 D $ 39.0057 942,492 D   Common Stock 08/04/2005   S   1,689 D $ 39.0119 940,803 D

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

Stock Options (Right to Buy)

$ 5.125

08/04/2005

M

32,786

(1)

02/21/2011

Common Stock

32,786

$ 0

6,330

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RONNING JOEL A C/O DIGITAL RIVER, INC. 9625 W. 76TH STREET EDEN PRAIRIE, MN 55344	X		CEO

Signatures

/s/ Michael J. Sullivan, attorney-in-fact for Joel A. Ronning		08/05/2005
**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).
(1)	The shares underlying the options vested quarterly over four years, beginning 2/21/01.

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