- -------
FORM 4
- -------
STATEMENT OF CHANGES OF BENEFICIAL OWNERSHIP
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person
Posey, H. Wayne
801 Cherry Street, Suite 1450
Fort Worth, Texas 76102
- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
ProMedCo Management Company (PMCO)
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
-------------------------------------------------------------------------------
4. Statement for Month/Year - July 1998
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)
- --------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
1. Director
2. President, Chief Executive Officer
- --------------------------------------------------------------------------------
7. Individual or Joint/Group Filing -- Form filed by One Reporting Person
- --------------------------------------------------------------------------------
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- --------------------------------------------------------------------------------
1. Title of Security -
COMMON STOCK
COMMON STOCK
- --------------------------------------------------------------------------------
2-4 Transaction Date Transaction Securities Acquired (A)
(Month/Day/Year) Code Vol Amount Price (per share)
7/27/98 X 155,000 A $0.50
7/27/98 X 45,000 A $1.25
- --------------------------------------------------------------------------------
5-7. Amount of Securities Ownership Form: Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
End of Month. Indirect (I)
890,000 (D)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1. Title of Derivative Security -
Common Stock Options
Common Stock Warrants
- --------------------------------------------------------------------------------
2. Conversion or Exercise Price of Derivative Security --
$0.50
$1.25
- --------------------------------------------------------------------------------
3-5 Transaction Date Transaction Number of Derivative Securities
(Month/Day/Year) Code Vol Acquired(A) or Disposed(D)
7/27/98 X 155,000 (D)
7/27/98 X 45,000 (D)
- --------------------------------------------------------------------------------
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
Immed. 9/30/04
Immed. 9/30/03
- --------------------------------------------------------------------------------
7. Title and Amount of Underlying Securities
Title Amount or Number of Shares
Common Stock 155,000
Common Stock 45,000
- --------------------------------------------------------------------------------
8. Price of Derivative Security
- --------------------------------------------------------------------------------
9-11. Amount of Derivative Ownership Form: Nature of Indirect
Securities Beneficially Direct (D) or Beneficial Ownership
Owned at End of Month. Indirect (I)
0
454,863 (D)
- --------------------------------------------------------------------------------
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ H. WAYNE POSEY
H. Wayne Posey
August 10, 1998
Date
