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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Chaffee Todd C
  2. Issuer Name and Ticker or Trading Symbol
HOMEAWAY INC [AWAY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
3000 SAND HILL ROAD, BUILDING 2, SUITE 250
3. Date of Earliest Transaction (Month/Day/Year)
07/05/2011
(Street)

MENLO PARK, CA 94025
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 07/05/2011   C   303,971 A (1) 303,971 I By Institutional Venture Partners XII, L.P. (2)
Common Stock 07/05/2011   C   2,754,939 A (3) 3,058,910 I By Institutional Venture Partners XII, L.P. (2)
Series A Redeemable Preferred Stock 07/05/2011   J(4)   60,290 D (4) 0 I By Institutional Venture Partners XII, L.P. (2)
Series B Redeemable Preferred Stock 07/05/2011   J(5)   3,849 D (5) 0 I By Institutional Venture Partners XII, L.P. (2)
Common Stock 07/05/2011   C   483,000 A (1) 483,000 I By Institutional Venture Partners XI GmbH & Co Beteiligungs KG (6)
Common Stock 07/05/2011   C   3,017,000 A (1) 3,017,000 I By Institutional Venture Partners XI, L.P. (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 C Convertible Preferred Stock (1) 07/05/2011   C     303,971   (1)   (1) Common Stock 303,971 $ 0 0 I By Institutional Venture Partners XII, L.P. (2)
Series D Convertible Preferred Stock (1) 07/05/2011   C     2,754,939   (3)   (3) Common Stock 2,754,939 $ 0 0 I By Institutional Venture Partners XII, L.P. (2)
Series C Convertible Preferred Stock (1) 07/05/2011   C     483,000   (1)   (1) Common Stock 483,000 $ 0 0 I By Institutional Venture Partners XI GmbH & Co Beteiligungs KG (6)
Series C Convertible Preferred Stock (1) 07/05/2011   C     3,017,000   (1)   (1) Common Stock 3,017,000 $ 0 0 I By Institutional Venture Partners XI, L.P. (7)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Chaffee Todd C
3000 SAND HILL ROAD
BUILDING 2, SUITE 250
MENLO PARK, CA 94025
  X      

Signatures

 /s/ Melissa Frug?? (as Attorney-in-Fact)   07/05/2011
**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) The Series C Convertible Preferred Stock, which was previously convertible at any time and had no expiration date, converted into HomeAway, Inc. common stock on a one-for-one basis.
(2) The shares are owned by Institutional Venture Partners XII, L.P. ("IVP XII"). Institutional Venture Management XII, LLC ("IVM XII") serves as the sole General Partner of IVP XII, and has sole voting and investment control over the shares owned by IVP XII, and may be deemed to beneficially own the shares held by IVP XII. IVM XII owns no securities of the Issuer directly. The Reporting Person is a Managing Director of IVM XII. As such, the Reporting Person shares voting and dispositive power over the shares held by IVP XII and may be deemed to have indirect beneficial ownership of the shares held by IVP XII. The Reporting Person disclaims beneficial ownership of the shares held by IVP XII as reported herein, except to the extent of his pecuniary interest therein.
(3) The Series D Convertible Preferred Stock, which was previously convertible at any time and had no expiration date, converted into HomeAway, Inc. common stock on a one-for-one basis.
(4) The reported securities were mandatorily redeemable by HomeAway, Inc. upon the closing of its initial public offering and were accordingly redeemed by HomeAway, Inc. at a price equal to $1.40 per share plus an additional amount equal to the accumulated dividends on such shares for aggregate proceeds of $127,778.37.
(5) The reported securities were mandatorily redeemable by HomeAway, Inc. upon the closing of its initial public offering and were accordingly redeemed by HomeAway, Inc. at a price equal to $2.00 per share plus an additional amount equal to the accumulated dividends on such shares for aggregate proceeds of $10,846.38.
(6) The shares are owned by Institutional Venture Partners XI GmbH & Co. Beteiligungs KG ("IVP XI KG"), which is under common control with Institutional Venture Partners XI, L.P. ("IVP XI"). Institutional Venture Management XI, LLC ("IVM XI") serves as the sole managing limited partner of IVP XI KG, and has sole voting and investment control over the shares owned by IVP XI KG, and may be deemed to beneficially own shares held by IVP XI KG. IVM XI owns no securities of the Issuer directly. The Reporting Person is a Managing Director of IVM XI. As such, the Reporting Person shares voting and dispositive power over the shares held by IVP XI KG and may be deemed to have indirect beneficial ownership of the shares held by IVP XI KG. The Reporting Person disclaims beneficial ownership of the shares held by IVP XI KG as reported herein, except to the extent of his pecuniary interest therein.
(7) The shares are owned by IVP XI. IVM XI serves as the sole General Partner of IVP XI, and has sole voting and investment control over the shares owned by IVP XI, and may be deemed to beneficially own shares held by IVP XI. The Reporting Person is a Managing Director of IVM XI. As such, the Reporting Person shares voting and dispositive power over the shares held by IVP XI and may be deemed to have indirect beneficial ownership of the shares held by IVP XI. The Reporting Person disclaims beneficial ownership of the shares held by IVP XI as reported herein, except to the extent of his pecuniary interest therein.

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.