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FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
----------- Washington, D.C. 20549
[X] Check box if
no longer subject ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Exchange Act of
obligations may 1934, Section 17(a) of the Public Utility Holding Company Act of
continue. 1935 or Section 30(f) of the Investment Company Act of 1940
See instruction 1(b)
[X] Form 3 Holdings Reported
[X] Form 4 Transactions Reported
<S> <C> <C>
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| |
1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting
| | Person to Issuer
Freedman Harris | Amplidyne, Inc. (Nasdaq-AMPD) | (Check all applicable)
----------------------------------------------|--------------------------|-------------------|
(Last) (First) (Middle) | | |
| 3. IRS Identification | 4. Statement for | __ Director __ 10% Owner
| Number of Reporting | Month/Year | X Officer __ Other
| Person, if an Entity | | (give title (specify
| (Voluntary) | | below) below)
1241 Gulf of Mexico Drive | | December 31, 1999 |
----------------------------------------------| | | Vice President - Strategic Alliances
(Street) | | | -------------------------------------
| | |
| |----------------------------------------------------------
| |5. If Amendment, |7. Individual or Joint/Group Filing
| | Date of Original| (Check Applicable Line)
| | (Month/Year) |
| | | X Form Filed by one Reporting Person
| | | __ Form Filed by more than one
Longboat Key FL 34228 | | | Reporting Person
----------------------------------------------|----------------------------------------------|--------------------------------------
(City) (State) (Zip) | |
| |
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Table I -- Non-Derivative Securities, Acquired, Disposed of, or Beneficially Owned
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1. Title of Security |2. Transaction |3.Trans- | 4. Securities Acquired (A) |5. Amount of |6. Ownership | 7. Nature of
(Instr. 3) | Date | action | or Disposed (D) | Securities | Form: | Indirect
| | | | Beneficially | Direct (D) | Beneficial
| | (Instr. 8)| (Instr. 3, 4 and 5) | Owned at | or | Ownership
| (Month/ | | | End of | Indirect | (Instr. 4)
| Day/ | | | Issuer's | (I) |
| Year) | |--------------------------------| Fiscal Year | (Instr. 4) |
| | | | (A) or| Price | (Instr. 3 | |
| | | Amount | (D) | | and 4 | |
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Common Stock | 1/23/1997 (6) | 3(1) | | | | 77,100(7) | I | (2)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 12/24/1997 | G4 | 10,000 | D | - | | I | (2)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 12/31/1997 | G4 | 10,000 | D | - | | I | (2)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 2/23/1998 | P4 | 5,000 | A | $1.28 | | I | (3)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 7/14/1998 | P4 | 30,000 | A | $1.49 | | I | (2)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 9/14/1998 | P4 | 30,000 | A | $1.25 | 117,100(8) | I | (2)
| | | | | | | |
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* If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or type responses) (Over)
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FORM 5 (continued) Table I (continued) -- Non-Derivative Securities, Acquired, Disposed of, or Beneficially Owned
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1. Title of Security |2. Transaction |3.Trans- | 4. Securities Acquired (A) |5. Amount of |6. Ownership | 7. Nature of
(Instr. 3) | Date | action | or Disposed (D) | Securities | Form: | Indirect
| | Code | | Beneficially | Direct (D) | Beneficial
| | (Instr. 8)| (Instr. 3, 4 and 5) | Owned at | or | Ownership
| (Month/ | | | End of | Indirect | (instr. 4)
| Day/ | | | Issuer's | (I) |
| Year) | |--------------------------------| Fiscal Year | (Instr. 4) |
| | | | (A)or | Price | (Instr. 3 | |
| | | Amount | (D) | | and 4) | |
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Common Stock | 9/25/1998 | P4 | 10,000 | A | $1.02 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/4/1999 | P4 | 20,000 | A | $1.20 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/29/1999 | S4 | 10,000 | D | $1.69 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/29/1999 | S4 | 20,000 | D | $1.69 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/31/1999 | P4 | 24,000 | A | $1.25 | | D |
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/31/1999 | P4 | 40,000 | A | $1.12 | | I | (3)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/31/1999 | G4 | 24,000 | D | - | | D |
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/31/1999 | G4 | 40,000 | D | - | | I | (3)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 3/31/1999 | P4 | 49,000 | A | $1.12 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 4/23/1999 | P4 | 5,000 | A | $4.25 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 4/27/1999 | S4 | 5,000 | D | $3.31 | 0(8) | I | (3)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 5/25/1999 | P4 | 4,000 | A | $3.40 | | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
Common Stock | 6/25/1999 | P4 | 1,700 | A | $2.13 | 59,700(8) | I | (4)
| | | | | | | |
---------------------|---------------|------------|----------------|-------|-------|-----------------|--------------|---------------
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FORM 5 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1.Title |2.(Conver-|3.Trans- |4.Trans-|5.Number of |6.Date Exer- |7.Title and |8.Price |9.Number |10.Owner- |11.Nature
of Der-| sion or | action | action| Derivative | cisable and | Amount of | of | of | ship | of
ivative| Exercise| Date | Code | Securities | Expiration | Underlying | Deri- | deriv- | Form of | Indi-
Securi-| Price of| | (Instr.| Acquired | Date | Securities | vative | ative | Deriva- | rect
ty | Deriv- | | 8) | (A) or | (Month/Day/ | (Instrs. 3 | Secu- | Securi- | tive | Benefi-
(In- | ative | | | Disposed | Year) | and 4) | rity | ties | Secu- | cial
str.) | Security| (Month/ | | of (D) | | | (Instr.| Benefi- | rity: | Owner-
| | Day/ | | (Instrs. 3,| | | 5) | cially | Direct | ship
| | Year) | | 4, and 5) | | | | Owned | (D) or | (Instr.
| | | | |------------------|---------------| | at End | Indirect| 4)
| | | | | Date |Expira- |Title | Amount | | of | (I) |
| | | | | Exer- |tion | | or | | Year | (Instr. |
|----------|---------|--------|-------------| cisa- |Date | | Number | | | 4) |
| | | | | | ble | | | of | | (Instr. | |
| | | | | | | | | Shares | | 4) | |
| | | | (A) | (D)| | | | | | | |
---------|----------|---------|--------|-------------|--------|---------|------|--------|---------|----------|-----------|----------
Warrants | $1.75 |1/23/1997| 3(1) | 185,000| | (5) |6/30/1999|Common| 185,000| |185,000(8)| I | (2)
(right to| | | | | | | |Stock | | | | |
buy) | | | | | | | | | | | | |
---------|----------|---------|--------|-------------|--------|---------|------|--------|---------|----------|-----------|----------
Options | $1.75 |4/29/1999| P4 | 150,000| A | Immed. | |Common| 150,000| |150,000(8)| I | (3)
(right | | | | | | | |Stock | | | | |
to buy) | | | | | | | | | | | | |
---------|----------|---------|--------|-------------|--------|---------|------|--------|---------|----------|-----------|----------
| | | | | | | | | | | | |
| | | | | | | | | | | | |
---------|----------|---------|--------|-------------|--------|---------|------|--------|---------|----------|-----------|----------
| | | | | | | | | | | | |
| | | | | | | | | | | | |
---------|----------|---------|--------|-------------|--------|---------|------|--------|---------|----------|-----------|----------
| | | | | | | | | | | | |
| | | | | | | | | | | | |
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Explanation of Responses:
(1) Mr. Freedman became the Vice President - Strategic Alliances of Amplidyne, Inc. (the "Issuer") in July 1996.
He continued to serve in such capacity through December 31, 1998. January 23, 1997 was the date of the Issuer's
initial public offering.
(2) Owned of record by S.M.A.C.S. Holding Corp. ("SHC"). Mr. Freedman is the majority stockholder and an officer of SHC,
with the power to vote or direct the vote of, and dispose of or direct the disposition of all shares owned by SHC.
(3) Owned of record by Bridge Ventures, Inc. ("BVI"). Mr. Freedman is the majority stockholder and an officer of BVI,
with the power to vote or direct the vote of, and dispose of or direct the disposition of all shares owned by BVI.
(4) Owned of record by Bridge Ventures, Inc. Defined Benefit Plan ("BVIDBP"). Mr. Freedman and his wife are the trustees of
BVIDBP, with the power to vote or direct the vote of, and dispose of or direct the disposition of all shares owned
by BVIDBP.
(5) The warrants became exercisable in one-third increments (commencing June 1996) over a three-year period.
(6) Represents the date of the Issuer's initial public offering.
(7) As of January 23, 1997.
(8) As of June 30, 1999 (six months after Mr. Freedman ceased being an officer of Amplidyne, Inc).
/s/ Harris Freedman December 5, 2000
--------------------------------- ----------------
** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
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