Filed Pursuant to Rule 424(b)(3)
File Nos. 333-06199 and 333-34019
SUPPLEMENT NO. 3 DATED SEPTEMBER 21, 2000
TO PROSPECTUS DATED JUNE 18, 1996 AND
PROSPECTUS SUPPLEMENT NO. 1 DATED DECEMBER 10, 1997
AND PROSPECTUS SUPPLEMENT NO. 2 DATED JUNE 23, 1998
This Prospectus Supplement supplements information contained in that
certain Reoffer Prospectus of Gum Tech International, Inc. (the "Company") dated
June 18, 1996 (the "Prospectus") relating to the potential sale from time to
time of up to 2,000,000 shares of the Company's Common Stock issuable upon
exercise of stock options authorized under the Gum Tech International, Inc.
Stock Option Plan (the "Plan"). This Prospectus Supplement is not complete
without, and may not be delivered or utilized except in connection with the
Prospectus, including any amendments or supplements thereto. Capitalized terms
used herein but not defined have the meanings assigned to such terms in the
Prospectus.
The following tables replace Tables and I and II in the Prospectus set
forth under the caption "Selling Stockholders." The new tables reflect sales
made by the Selling Stockholders named in the Prospectus, omits those people
that are no longer officers, directors or principal stockholders of the Company,
and adds those people that became officers, directors and principal stockholder
of the Company subsequent to the filing of the Prospectus. Table I lists the
names of officers, directors and principal stockholders that may be Selling
Stockholders from time to time in the future, along with the number of share
issuable to them upon exercise of options. The total number of shares held by
each such individual and the percent of all outstanding shares represented by
such ownership are set forth in Table II below. The number of shares which may
be sold by such individuals from time to time will be updated in supplements to
this Prospectus, which will be filed with the Securities and Exchange Commission
in accordance with the Rule 424(b) under the Securities Act of 1933, as amended.
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TABLE I
Name of Selling Total Number of Exercise
Stockholder Options Issued Price
----------- -------------- -----
William D. Boone 20,000 6.88
William D. Boone 50,000 5.625
William D. Boone 10,000 12.5625
William D. Boone 5,000 13.3125
William J. Hemelt 29,000 5.5
William J. Hemelt 24,000 11.75
William J. Hemelt 9,000 13.3125
Gary S. Kehoe 70,000 11.75
Gary S. Kehoe 10,000 12.5625
Gary S. Kehoe 9,000 13.3125
W. Brown Russell, III 20,000 6.88
W. Brown Russell, III 40,000 5.625
W. Brown Russell, III 50,000 11.75
W. Brown Russell, III 10,000 12.5625
W. Brown Russell, III 9,000 13.3125
William A. Yuan 10,000 5.81
William A. Yuan 10,000 12.5625
William A. Yuan 5,000 13.3125
William A. Yuan 5,000 13.3125
TABLE II
Name of Selling Percent of Common
Stockholder and Address Number of Shares Stock Owned
----------------------- ---------------- -----------
William D. Boone (1) 85,200 0.9%
William J. Hemelt (2) 86,000 0.9%
Gary S. Kehoe (3) 247,600 2.7%
W. Brown Russell, III (4) 142,500 1.6%
William A. Yuan (5) 30,071 0.3%
----------
(1) Includes options to purchase 20,000 shares at $6.88 until February 2001;
50,000 shares at $5.625 until March 2001; 10,000 shares at $12.5625 until
October 2002; and 5,000 shares at $13.3125 until July 2004.
(2) Includes options to purchase 29,000 shares at $5.50 until June 2001; 24,000
shares at $11.75 until August 2004; and 9,000 shares at $13.3125 until July
2003.
(3) Includes options to purchase 70,000 shares at $11.75 until August 2002;
10,000 shares at $12.5625 until October 2002; and 9,000 shares at $13.3125
until July 2003.
(4) Includes options to purchase 20,000 shares at $6.88 until February 2001;
40,000 shares at $5.625 until March 2001; 50,000 shares at $11.75 until
August 2002; 10,000 shares at $12.5625 until October 2002; and 9,000 shares
at $13.3125 until July 2003.
(5) Includes options to purchase 10,000 shares at $5.81 until February 2001,
10,000 shares at $12.5625 until October 2002; 5,000 shares at $13.3125
until July 2002; and 5,000 shares until July 2004.
The address of each Selling Stockholder is the same as the Company's
address. All shares listed above for sale represent shares issued or issuable
upon exercise of options under the Plan. As of September 20, 2000, 1,397,750
shares have been issued upon exercise of options granted under the Plan, and
575,500 are issuable upon exercise of options granted under the Plan.
The date of this Prospectus Supplement is September 21, 2000.
