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 *
BV Capital GP II, LLC
  2. Issuer Name and Ticker or Trading Symbol
Angie's List, Inc. [ANGI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Former 10% owner
(Last)
(First)
(Middle)
C/O BV CAPITAL, 600 MONTGOMERY STREET, 43RD FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
11/22/2011
(Street)

SAN FRANCISCO, CA 94111
4. If Amendment, Date 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
(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 11/22/2011   C   853,792 A (1) 3,002,872 I By BV Capital GMBH & Co Beteiligungs KG No. 1 (2)
Common Stock 11/22/2011   S   300,288 D $ 12.09 (3) 2,702,584 I By BV Capital GMBH & Co Beteiligungs KG No. 1 (2)
Common Stock 11/22/2011   C   650,760 A (1) 2,288,800 I By BV Capital Fund II, L.P. (4)
Common Stock 11/22/2011   S   228,880 D $ 12.09 (3) 2,059,920 I By BV Capital Fund II, L.P. (4)
Common Stock 11/22/2011   C   128,536 A (1) 452,072 I By BV Capital Fund II - A, L.P. (5)
Common Stock 11/22/2011   S   45,208 D $ 12.09 (3) 406,864 I By BV Capital Fund II - A, L.P. (5)

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
Series A Convertible Preferred Stock (1) 11/22/2011   C     106,724   (1)   (1) Common Stock 853,792 (1) 0 I By BV Capital GMBH & Co Beteiligungs KG No. 1 (2)
Series A Convertible Preferred Stock (1) 11/22/2011   C     81,345   (1)   (1) Common Stock 650,760 (1) 0 I By BV Capital Fund II, L.P. (4)
Series A Convertible Preferred Stock (1) 11/22/2011   C     16,067   (1)   (1) Common Stock 128,536 (1) 0 I By BV Capital Fund II - A, L.P. (5)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BV Capital GP II, LLC
C/O BV CAPITAL
600 MONTGOMERY STREET, 43RD FLOOR
SAN FRANCISCO, CA 94111
      Former 10% owner
BV Capital Gmbh & Co Beteiligungs KG No. 1
C/O BV CAPITAL
600 MONTGOMERY STREET, 43RD FLOOR
SAN FRANCISCO, CA 94111
      Former 10% owner
BV Capital Fund II, L.P.
C/O BV CAPITAL
600 MONTGOMERY STREET, 43RD FLOOR
SAN FRANCISCO, CA 94111
      Former 10% owner
BV Capital Fund II-A, L.P.
C/O BV CAPITAL
600 MONTGOMERY STREET, 43RD FLOOR
SAN FRANCISCO, CA 94111
      Former 10% owner

Signatures

 BV CAPITAL GMBH & CO BETEILIGUNGS KG NO. 1, By: BV Capital Management, LLC, Its: Managing Limited Partner, By: /s/ Mathias Schilling, Managing Member   11/18/2011
**Signature of Reporting Person Date

 BV Capital Management, LLC, By: /s/ Mathias Schilling, Managing Member   11/18/2011
**Signature of Reporting Person Date

 BV CAPITAL FUND II, L.P. , By: BV Capital GP II, LLC, Its: General Partner, By: /s/ Mathias Schilling, Managing Member   11/18/2011
**Signature of Reporting Person Date

 BV CAPITAL FUND II-A, L.P., By: BV Capital GP II, LLC, Its: General Partner, By: /s/ Mathias Schilling, Managing Member   11/18/2011
**Signature of Reporting Person Date

 BV Capital GP II, LLC, /s/ Mathias Schilling, Managing Member   11/18/2011
**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) Each share of Series A Preferred Stock automatically converted on an 8-for-1 basis into this number of shares of Common Stock upon the closing of the Issuer's initial public offering of Common Stock and had no expiration date.
(2) The securities are owned by BV Capital GMBH & Co Beteiligungs KG No. 1 ("BV KG"). BV Capital Management, LLC ("BV Management") serves as the Managing Limited Partner of BV KG. As such, BV Management possesses sole voting and investment control over the shares owned by BV KG and may be deemed to have indirect beneficial ownership of the shares held by BV KG. BV Management, which is under common control with BV GP II (defined in footnote 4), owns no securities of the Issuer directly. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
(3) The reporting entity was a selling stockholder under the Registration Statement on Form S-1 of the Issuer. This price represents the initial public offering price of $13.00 less the underwriters' discount.
(4) The securities are owned by BV Capital Fund II, L.P. ("BV II"). BV Capital GP II, LLC ("BV GP II") serves as the General Partner of BV II. As such, BV GP II possesses sole voting and investment control over the shares owned by BV II and may be deemed to have indirect beneficial ownership of the shares held by BV II. BV GP II owns no securities of the Issuer directly. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
(5) The securities are owned by BV Capital Fund II - A, L.P. ("BV II-A"). BV GP II serves as the General Partner of BV II-A. As such, BV GP II possesses sole voting and investment control over the shares owned by BV II-A and may be deemed to have indirect beneficial ownership of the shares held by BV II-A. BV GP II owns no securities of the Issuer directly. Each Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.

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