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
Reed, Margaret G.
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)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Senior Vice President, General Counsel & 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|4,515 |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|27,000 |D |(2) |04/19|Common Stock|27,000 |(2) |-0- |D | |
(right to buy) | |/96 | | | | | |/06 | | | | | | |
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Employee Stock Option |$28.8333|05/28|D |V|3,000 |D |(3) |05/28|Common Stock|3,000 |(3) |-0- |D | |
(right to buy) | |/96 | | | | | |/06 | | | | | | |
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Employee Stock Option |$21.3750|01/28|D |V|5,000 |D |(4) |01/28|Common Stock|5,000 |(4) |-0- |D | |
(right to buy) | |/98 | | | | | |/08 | | | | | | |
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Employee Stock Option |$15.9700|03/04|D |V|15,000 |D |(5) |03/04|Common Stock|15,000 |(5) |-0- |D | |
(right to buy) | |/99 | | | | | |/09 | | | | | | |
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Employee Stock Option |$20.5625|06/22|D |V|42,500 |D |(6) |06/22|Common Stock|42,500 |(6) |-0- |D | |
(right to buy) | |/99 | | | | | |/09 | | | | | | |
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Employee Stock Option |$18.1250|03/13|D |V|9,000 |D |(7) |03/13|Common Stock|9,000 |(7) |-0- |D | |
(right to buy) | |/00 | | | | | |/10 | | | | | | |
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Explanation of Responses:
(1) Disposed of pursuant to merger agreememt between Issuer and PSINet Inc. in
exchange for 4,063 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 three equal annual installments
was assumed by PSINet in the merger and replaced with an option to
purchase 24,300 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 2,700 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 4,500 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 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.
(6) 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 38,250 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.
(7) This option which provided for vesting in three equal annual installments
beginning March 13, 2001, was assumed by PSINet in the merger and
replaced with an option to purchase 8,100 shares of PSINet comon stock for
$20.139 per share. Vesting is monthly in the amount of 1/36 per month.
SIGNATURE OF REPORTING PERSON
Margaret G. Reed
DATE
July 10, 2000
