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FORM 3 OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
. hours per response .... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Hilal, M.D. Peter K
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(Last) (First) (Middle)
c/o Hilal Capital Management LLC
60 East 42nd Street, Suite 1946
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(Street)
New York New York 10165
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
07/19/99
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Worldtalk Communications Corporation (WTLK)
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<PAGE>
FORM 3 (continued)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director
[ ] 10% Owner
[ ] Officer (give title below)
[X] Other (Specify below)
May be deemed a member of a group owning more than 10% of Issuer's Common
Stock
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6. If Amendment, Date of Original (Month/Day/Year)
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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>
<CAPTION>
TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect
Securities Form: Beneficial
Beneficially Direct (D) Ownership
Owned or Indirect (Instr. 5)
(Instr. 4) (I) (Instr. 5)
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<S> <C> <C> <C>
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Common Stock 180,333 I (1)
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Common Stock 459,667 I (1)
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Common Stock 1,194,667 I (1)
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Common Stock 1,282,000 I (1)
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Common Stock 100,000 I (3)
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</TABLE>
* If the Form is filed by more than one Reporting Person,
SEE instruction 5(b)(v).
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1473 (7-96)
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Date Exercisable and 3. Title and Amount
(Instr. 4) Expiration Date of Securities
(Month/Day/Year) Underlying
----------------------- Derivative
Date Expiration Security
Exercisable Date (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
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Warrants Anytime 07/07/2006 Common 87,667
Stock
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Warrants Anytime 07/07/2006 Common 223,833
Stock
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Warrants Anytime 07/07/2006 Common 597,333
Stock
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Warrants Anytime 07/07/2006 Common 624,500
Stock
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Warrants Anytime 07/07/2006 Common 50,000
Stock
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4. Conversion or 5. Ownership Form of 6. Nature of Indirect
Exercise Price Derivative Security: Beneficial Ownership
of Derivative Direct (D) or (Instr. 5)
Security Indirect (I) (Instr. 5)
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<C> <C> <C>
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$7.00 I (2)
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$7.00 I (2)
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$7.00 I (2)
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$7.00 I (2)
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$7.00 I (3)
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<PAGE>
FORM 3 (continued)
Explanation of Responses:
(1) The shares of Common Stock to which this note relates are held directly
by Hilal Capital, LP ("HCLP") (180,333 shares), Hilal Capital QP, LP ("HCQP")
(459,667 shares), Hilal Capital Associates LLC ("HCA") (1,194,667 shares), or
are held indirectly through Hilal Capital Management LLC ("HCM") (1,282,000
shares) on behalf of two accounts managed by it. The undersigned is the
managing member of the general partner of HCQP and HCLP; is the managing
member of HCA; and is the managing member of HCM. In accordance with
Instruction 5(b)(iv), the entire number of shares of Common Stock held by (or
deemed held by or through) HCLP, HCQP, HCA and HCM is reported herein. The
undersigned disclaims any beneficial ownership of any of such securities to
which this Form relates for purposes of Section 16 of the Securities Exchange
Act of 1934, as amended, except as to such securities representing the
undersigned's pro rata partnership (or membership) interest in, and interests
in the profits of, HCQP, HCLP, HCA and HCM.
(2) The warrants to which this note relates are held directly by HCLP
(87,667 warrants), HCQP (223,833 warrants), HCA (597,333 warrants), or are
held indirectly through HCM (624,500 warrants) on behalf of two accounts
managed by it. In accordance with Instruction 5(b)(iv), the entire amount of
the issuer's warrants held by HCLP, HCQP, HCA and HCM is reported herein. The
undersigned disclaims any beneficial ownership of any of the Issuer's warrants
to which this Form relates for purposes of Section 16 of the Securities
Exchange Act of 1934, as amended, except as to warrants representing the
undersigned's pro rata partnership (or membership) interest in, and interests
in the profits of, HCQP, HCLP, HCA and HCM.
(3) The shares of Common Stock and warrants to which this note relates are
held directly by the undersigned's brother, Philip Hilal. This filing shall
not be deemed an admission that Dr. Hilal is, for purposes of Section 16 or
otherwise, the beneficial owner of any securities owned by Philip Hilal.
/s/Peter K. Hilal
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Peter K. Hilal, M.D.
Date: July 29, 1999
**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 is insufficient, SEE Instruction 6 for procedure.
</TABLE>
