UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Dameris, Peter T.
4400 Post Oak Parkway
Suite 1100
Houston, TX 77027
2. Issuer Name and Ticker or Trading Symbol
Metamor Worldwide, Inc.
MMWW
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June 15, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chief Executive Officer & Secretary
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |06/15/|D |V|48,650 |D |(1) |-0- |D | |
|00 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$19.5000|04/19|D |V|45,000 |D |(2) |04/19|Common Stock|45,000 |(2) |-0- |D | |
(right to buy) | |/96 | | | | | |/06 | | | | | | |
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Employee Stock Option |$28.8330|05/28|D |V|45,000 |D |(3) |05/28|Common Stock|45,000 |(3) |-0- |D | |
(right to buy) | |/96 | | | | | |/06 | | | | | | |
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Employee Stock Option |$21.3750|01/28|D |V|20,000 |D |(4) |01/28|Common Stock|20,000 |(4) |-0- |D | |
(right to buy) | |/98 | | | | | |/08 | | | | | | |
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Employee Stock Option |$25.3125|01/07|D |V|30,000 |D |(5) |01/07|Common Stock|30,000 |(5) |-0- |D | |
(right to buy) | |/99 | | | | | |/99 | | | | | | |
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Employee Stock Option |$25.3125|01/07|D |V|30,000 |D |(6) |01/07|Common Stock|30,000 |(6) |-0- |D | |
(right to buy) | |/99 | | | | | |/99 | | | | | | |
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Employee Stock Option |$15.9700|03/04|D |V|15,000 |D |(7) |03/04|Common Stock|15,000 |(7) |-0- |D | |
(right to buy) | |/99 | | | | | |/00 | | | | | | |
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Employee Stock Option |$20.5625|06/22|D |V|50,000 |D |(8) |06/22|Common Stock|50,000 |(8) |-0- |D | |
(right to buy) | |/99 | | | | | |/09 | | | | | | |
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Employee Stock Option |$14.1875|09/08|D |V|150,000 |D |(9) |09/08|Common Stock|150,000|(9) |-0- |D | |
(right to buy) | |/99 | | | | | |/09 | | | | | | |
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Employee Stock Option |$14.1875|09/08|D |V|150,000 |D |(10) |09/08|Common Stock|150,000|(10) |-0- |D | |
(right to buy) | |/99 | | | | | |/09 | | | | | | |
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Explanation of Responses:
(1) Disposed of pursuant to merger agreement between issuer and PSINet
Incorporated in exchange for 43,785
shares of PSINet Common Stock having a market value of $30.13 per share on the
effective date of the merger.
(2) This option which provided for vesting in five equal annual installments
beginning April 19, 1997, was
assumed by PSINet in the merger and replaced with an option to purchase 40,500
shares of PSINet common stock
for $21.667 per share. The option is fully
vested.
(3) This option which provided for vesting in five equal annual installments
beginning May 28, 1997, was
assumed by PSINet in the merger and replaced with an option to purchase 40,500
shares of PSINet common stock
for $32.037 per share. The option is fully
vested.
(4) This option which provided for vesting in five equal annual installments
beginning January 28, 1999, was
assumed by PSINet in the merger and replaced with an option to purchase 18,000
shares of PSINet common stock
for $23.75 per share. Vesting is monthly in the amount of 1/60 per month
through the first four years of the option
period. At the end of the fourth year, the remaining 12/60 will automatically
accelerate and fully vest.
(5) This option which provided for vesting in five equal annual installments
beginning January 7, 2000, was
assumed by PSINet in the merger and replaced with an option to purchase 27,000
shares of PSINet common stock
for $28.125 per share. Vesting is monthly in the amount of 1/60 per month
through the first four years of the
option period. At the end of the fourth year, the remaining 12/60 will
automatically accelerate and fully vest.
(6) This option which is fully vested was assumed by PSINet in the merger and
replaced with an option to
purchase 27,000 shares of PSINet common stock for $28.125 per share.
(7) This option which provided for vesting in five equal annual installments
beginning March 4, 2000, was
assumed by PSINet in the merger and replaced with an option to purchase 13,500
shares of PSINet common stock
for $17.744 per share. Vesting is monthly in the amount of 1/60 per month
through the first four years of the
option period. At the end of the fourth year, the remaining 12/60 will
automatically accelerate and fully vest.
(8) This option which provided for vesting in five equal annual installments
beginning June 22, 2000, was
assumed by PSINet in the merger and replaced with an option to purchase 45,000
shares of PSINet common stock
for $22.847 per share. Vesting is monthly in the amount of 1/60 per month
through the first four years of the
option period. At the end of the fourth year, the remaining 12/60 will
automatically accelerate and fully vest.
(9) This option which provided for vesting in five equal annual installments
beginning September 8, 2000, was
assumed by PSINet in the merger and replaced with an option to purchase 135,000
shares of PSINet common
stock for $15.764 per share. Vesting is monthly in the amount of 1/60 per
month through the first four years of
the option period. At the end of the fourth year, the remaining 12/60 will
automatically accelerate and fully vest.
(10) This option which is fully vested was assumed by PSINet in the merger
and replaced with an option to
purchase 135,000 shares of PSINet common stock for $15.764 per
share.
SIGNATURE OF REPORTING PERSON
Peter T. Dameris
DATE
July 10, 2000
