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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION</b></font><br>
<font size="2" face="serif"><b>Washington, D.C.  20549</b></font></p>
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<p align="center"><font size="2" face="serif"><b>FORM 8-K</b></font></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT</b></font><br>
<font size="2" face="serif"><b>PURSUANT TO SECTION 13 or 15(d) OF</b></font><br>
<font size="2" face="serif"><b>THE SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<hr align="center" size="1" noshade width="18%">
<p align="center"><font size="2" face="serif"><b>Date of Report:  December 22, 2006</b></font></p>
<p align="center"><b><font face="serif" size="5">MIVA, Inc.</font></b><br>
<font size="2" face="serif"><b>(Exact Name of Registrant as specified in its charter)</b></font></p>
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<tr align="center" valign="top" bgcolor="#ffffff">
<td width="33%"><font size="2" face="serif">Delaware</font></td>
<td width="38%"><font size="2" face="serif">0-30428</font></td>
<td width="33%"><font size="2" face="serif">88-0348835</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td width="33%"><font size="2" face="serif"><b>(State or other</b></font></td>
<td><font size="2" face="serif"><b>(Commission File No.)</b></font></td>
<td width="33%"><font size="2" face="serif"><b>(IRS Employer</b></font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td width="33%"><font size="2" face="serif"><b>jurisdiction of</b></font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
<td width="33%"><font size="2" face="serif"><b>Identification Number)</b></font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td width="33%"><font size="2" face="serif"><b>incorporation or</b></font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
<td width="33%"><font size="2" face="serif">&nbsp;</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td width="33%"><font size="2" face="serif"><b>organization)</b></font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
<td width="33%"><font size="2" face="serif">&nbsp;</font></td>
</tr>
</table>
<p align="center"><font size="2" face="serif">5220 Summerlin Commons Boulevard</font><br>
<font size="2" face="serif">Fort Myers, Florida  33907</font><br>
<font size="2" face="serif">(239) 561-7229</font><br>
<font size="2" face="serif"><b> (Address, including zip code, and telephone number</b></font><br>
<font size="2" face="serif"><b>including area code of Registrant&#146;s</b></font><br>
<font size="2" face="serif"><b>principal executive offices)</b></font></p>
<p align="center"><font size="2" face="serif">Not Applicable</font><br>
<font size="2" face="serif"><b>(Former name or former address, if changed since last report)</b></font></p>
<p align="left"><font size="2" face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>
<p align="left"><font size="2" face="serif">[&nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p align="left"><font size="2" face="serif">[&nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p align="left"><font size="2" face="serif">[&nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
<p align="left"><font size="2" face="serif">[&nbsp;&nbsp;] &nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

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<p align="left"><font size="2" face="serif"><b>Item 5.02. &nbsp;&nbsp;&nbsp;Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December 22, 2006, the Compensation Committee of the Board of Directors of MIVA, Inc. (the &#147;Company&#148;) adopted the MIVA, Inc. 2007 Long Term Incentive Compensation Program.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The program provides for grants of restricted stock units (&#147;RSUs&#148;) under the Company&#146;s 2006 Stock Award and Incentive Plan to certain employees, including executive officers, of the Company.  Under the program, 80% of the total grant to a participant will be service-based RSUs and 20% will be performance-based RSUs.  Each RSU represents the right to receive one share of the Company&#146;s common stock upon satisfaction of the vesting conditions.  Up to 1,900,000 shares of the Company&#146;s common stock are initially reserved for issuance and may be granted under the program.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service-based
    RSUs will vest at the rate of 25% per year beginning one year from the date
    of grant. Except as provided below, vesting of service-based RSUs is contingent
    upon continued employment with the Company and, unless vested, service-based
    RSUs will terminate upon separation of employment from the Company for any
    reason. Service-based RSUs will immediately and fully vest in the event of
    a change in control of the Company as defined in the 2006 Stock Award and
    Incentive Plan. </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
    certain participants who have employment agreements with the Company, subject
    to the terms of the specific employment agreements, if the person is terminated
    without cause or the person resigns from the Company for good reason, any
    unvested service-based RSUs generally will immediately and fully vest upon
termination of employment. If a participant&#146;s employment with the Company
is
terminated due to death, any unvested service-based RSUs will
not become
vested due to such death.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance-based
    RSUs will vest 25% on the day following the tenth consecutive trading day
    on which the Company&#146;s stock price closes at or above each of $6.00
    per share, $8.00 per share, $10.00 per share, and $12.00 per
    share, respectively. Except as provided below, vesting of performance-based
    RSUs is contingent upon continued
    employment with the Company and, unless vested, performance-based RSUs will
    terminate upon separation of employment from the Company for any reason. </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
    certain participants who have employment agreements with the Company, subject
    to the terms of the specific employment agreements, if the person is terminated
    without cause or the person resigns from the Company for good reason, any
    unvested performance-based RSUs generally will vest according to the following
    formula
    (as rounded to the nearest whole number):
    the number of RSUs that results from the product of the number of unvested
    performance-based RSUs immediately prior to the date of the applicable event
    multiplied by a fraction, the numerator of which is the lowest per share
    closing price of the
Company&#146;s common stock during the ten consecutive trading days immediately
preceding the date of the applicable event less $3.00, and the denominator of
which is $9.00. In addition, if a participant&#146;s employment terminates due
to death or if there is a change in control of the Company, any unvested performance-based
RSUs will vest according to the above formula. However,
if
the
lowest
closing
price
of
the
Company&#146;s
common stock during the ten consecutive trading days immediately preceding the
date
of the applicable event is less than or equal to $3.00 per share, then no unvested
performance-based RSUs will become vested due to such event.  </font></p>
<p align="center"><font face="serif" size="2">2</font></p>
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<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January 2, 2007, Peter Corrao, the Company&#146;s Chief Executive Officer, and Sebastian Bishop, the Company&#146;s President and Chief Marketing Officer, will receive 380,000 RSUs and 198,791 RSUs, respectively, under the program.</font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01.   Financial Statements and Exhibits.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>(d)</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Exhibits</b></font></p>
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  <td width="9%" align="center"><font size="2" face="serif"><i>Exhibit No.</i></font></td>
  <td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Description</i></font></td>
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  <td align="center">&nbsp;</td>
  <td align="left">&nbsp;</td>
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<td width="6%"><font size="2" face="serif">&nbsp;</font></td>
<td width="9%" align="center"><font size="2" face="serif">10.1+</font></td>
<td align="left">
<font size="2" face="serif"> Form of Service Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.2 to the Company&#146;s Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).</font></td>
</tr>
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<td width="6%"><font size="2" face="serif">&nbsp;</font></td>
<td width="9%" align="center"><font size="2" face="serif">10.2+</font></td>
<td align="left">
<font size="2" face="serif"> Form of Performance Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.3 to the Company&#146;s Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).</font></td>
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</table>
<p align="left"><font size="2" face="serif">+    Management compensatory contract or plan.</font></p>
<p align="center"><font face="serif" size="2">3</font></p>
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<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
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  <tr valign="bottom">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">MIVA,
    Inc.</font></td>
  </tr>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
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    <td><font size="2" face="serif">Date: December 29, 2006</font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">By:<u> /s/
    Peter Corrao&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
  </tr>
  <tr valign="bottom">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peter
    Corrao</font></td>
  </tr>
  <tr valign="bottom">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
    Executive Officer</font></td>
  </tr>
</table>
<p align="center"><font size="2" face="serif">4</font></p>
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<a name="p5"></a>
<p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><font size="2" face="serif"><b>EXHIBIT INDEX</b></font></p>
<table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top">
  <td width="6%">&nbsp;</td>
  <td width="9%" align="center"><font size="2" face="serif"><i>Exhibit No.</i></font></td>
  <td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i>Description</i></font></td>
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  <td>&nbsp;</td>
  <td align="center">&nbsp;</td>
  <td align="left">&nbsp;</td>
</tr>
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<td width="6%"><font size="2" face="serif">&nbsp;</font></td>
<td width="9%" align="center"><font size="2" face="serif">10.1+</font></td>
<td align="left">
<font size="2" face="serif"> Form of Service Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.2 to the Company&#146;s Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).</font></td>
</tr>
<tr valign="top">
<td width="6%"><font size="2" face="serif">&nbsp;</font></td>
<td width="9%" align="center"><font size="2" face="serif">10.2+</font></td>
<td align="left">
<font size="2" face="serif"> Form of Performance Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.3 to the Company&#146;s Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).</font></td>
</tr>
</table>
<p align="left"><font size="2" face="serif">+    Management compensatory contract or plan.</font></p>
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Prepared and filed by St Ives Financial
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report:  December 22, 2006
MIVA, Inc.
(Exact Name of Registrant as specified in its charter)
Delaware
0-30428
88-0348835
(State or other
(Commission File No.)
(IRS Employer
jurisdiction of
Identification Number)
incorporation or
organization)
5220 Summerlin Commons Boulevard
Fort Myers, Florida  33907
(239) 561-7229
(Address, including zip code, and telephone number
including area code of Registrant's
principal executive offices)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[  ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On December 22, 2006, the Compensation Committee of the Board of Directors of MIVA, Inc. (the "Company") adopted the MIVA, Inc. 2007 Long Term Incentive Compensation Program.
The program provides for grants of restricted stock units ("RSUs") under the Company's 2006 Stock Award and Incentive Plan to certain employees, including executive officers, of the Company.  Under the program, 80% of the total grant to a participant will be service-based RSUs and 20% will be performance-based RSUs.  Each RSU represents the right to receive one share of the Company's common stock upon satisfaction of the vesting conditions.  Up to 1,900,000 shares of the Company's common stock are initially reserved for issuance and may be granted under the program.
Service-based
    RSUs will vest at the rate of 25% per year beginning one year from the date
    of grant. Except as provided below, vesting of service-based RSUs is contingent
    upon continued employment with the Company and, unless vested, service-based
    RSUs will terminate upon separation of employment from the Company for any
    reason. Service-based RSUs will immediately and fully vest in the event of
    a change in control of the Company as defined in the 2006 Stock Award and
    Incentive Plan.
For
    certain participants who have employment agreements with the Company, subject
    to the terms of the specific employment agreements, if the person is terminated
    without cause or the person resigns from the Company for good reason, any
    unvested service-based RSUs generally will immediately and fully vest upon
termination of employment. If a participant's employment with the Company
is
terminated due to death, any unvested service-based RSUs will
not become
vested due to such death.
Performance-based
    RSUs will vest 25% on the day following the tenth consecutive trading day
    on which the Company's stock price closes at or above each of $6.00
    per share, $8.00 per share, $10.00 per share, and $12.00 per
    share, respectively. Except as provided below, vesting of performance-based
    RSUs is contingent upon continued
    employment with the Company and, unless vested, performance-based RSUs will
    terminate upon separation of employment from the Company for any reason.
For
    certain participants who have employment agreements with the Company, subject
    to the terms of the specific employment agreements, if the person is terminated
    without cause or the person resigns from the Company for good reason, any
    unvested performance-based RSUs generally will vest according to the following
    formula
    (as rounded to the nearest whole number):
    the number of RSUs that results from the product of the number of unvested
    performance-based RSUs immediately prior to the date of the applicable event
    multiplied by a fraction, the numerator of which is the lowest per share
    closing price of the
Company's common stock during the ten consecutive trading days immediately
preceding the date of the applicable event less $3.00, and the denominator of
which is $9.00. In addition, if a participant's employment terminates due
to death or if there is a change in control of the Company, any unvested performance-based
RSUs will vest according to the above formula. However,
if
the
lowest
closing
price
of
the
Company's
common stock during the ten consecutive trading days immediately preceding the
date
of the applicable event is less than or equal to $3.00 per share, then no unvested
performance-based RSUs will become vested due to such event.
2
On January 2, 2007, Peter Corrao, the Company's Chief Executive Officer, and Sebastian Bishop, the Company's President and Chief Marketing Officer, will receive 380,000 RSUs and 198,791 RSUs, respectively, under the program.
Item 9.01.   Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
10.1+
Form of Service Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.2 to the Company's Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).
10.2+
Form of Performance Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.3 to the Company's Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).
+    Management compensatory contract or plan.
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MIVA,
    Inc.
Date: December 29, 2006
By:
/s/
    Peter Corrao
Peter
    Corrao
Chief
    Executive Officer
4
Back to Contents
EXHIBIT INDEX
Exhibit No.
Description
10.1+
Form of Service Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.2 to the Company's Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).
10.2+
Form of Performance Based RSU Agreement for 2006 Stock Award and Incentive Plan (previously filed as Exhibit 10.3 to the Company's Form 10-Q/A for the quarterly period ended September 30, 2006 and incorporated herein by reference).
+    Management compensatory contract or plan.