The phosphoinositide PI(4,5)P2 is a key node of second messenger metabolism in lymphocytes. PI(4,5)P2-phosphorylation by PI3-kinases and PI(4,5)P2-hydrolysis by PLCγ initiate several second messenger cascades within cellular membranes and soluble compartments. These second messengers can have various functions, including the recruitment and/or activation of effector proteins by binding to specific domains within them (blue arrows and green boxes). In particular, the phosphatases SHIP1/2 or PTEN limit or down-regulate PIP3 levels and the functions of PIP3 and its effectors by hydrolyzing PIP3 into PI(3,4)P2 or PI(4,5)P2, respectively. For group 1D, PH domains such as that of Akt, PI(3,4)P2 binding sustains effector activity (Cozier et al. 2004; DiNitto and Lambright 2006; Lemmon 2008). PI(4,5)P2 recruits proteins such as RASA3/GAP1IP4BP by binding to their PH domains (Lockyer et al. 1997; Cozier et al. 2000a; Cozier et al. 2000b). Hence, both PIP2s and PIP3 can have partially overlapping functions depending on the lipid-binding protein domain involved. PLCγ hydrolyzes PI(4,5)P2 into protein C1 domain binding DAG and into IP3, which binds EF and C2 domain containing proteins and mobilizes Ca2+. IP3 3-kinases convert IP3 into IP4, which acts as a soluble PIP3 analog and controls the abilities of certain PH domains to bind to PIP3 either positively (green arrow) or negatively (red arrow). An unknown 5-phosphatase metabolizes IP4 into I(1,3,4)P3, a precursor for higher-order IPs. In vitro, SHIP1 and PTEN can dephosphorylate IP4 at the 5- or 3-positions, respectively (Erneux et al. 1998; Maehama and Dixon 1998; Pesesse et al. 1998; Caffrey et al. 2001). Whether this occurs physiologically is unknown. Finally, DAG kinases (DGKs) down-regulate DAG function by phosphorylating it into PA, itself a ligand for certain proteins. Further metabolism of all these second messengers results in the generation of many lipid and soluble metabolites. Several of these have important signaling functions (Irvine 2001; Irvine and Schell 2001; York and Hunter 2004; York 2006; Alcazar-Roman and Wente 2008; Huang et al. 2008; Jia et al. 2008b; Miller et al. 2008; Burton et al. 2009; Shears 2009; Sauer and Cooke 2010; Schell 2010). Their functions in immunocytes are unknown.