================================================================================
F O R M 4
================================================================================
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
================================================================================
1. Name and Address of Reporting Person
Bolduc Glenn D.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
VIALOG Corporation
35 New England Business Center, Suite 160
- --------------------------------------------------------------------------------
(Street)
Andover MA 01810
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Issuer Name and Ticker of Trading Symbol
VIALOG Corporation "VLOG"
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Statement for Month/Year
February 1999
================================================================================
5. If Amendment, Date of Original (Month/Year)
================================================================================
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director
[ ] 10% Owner
[X] Officer (give title below)
[ ] Other (specify below)
CEO and President
================================================================================
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
================================================================================
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENFICIALLY OWNED
====================================================================================================================================
1. Title of Security (Instr. 3) 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A)
(Month/Day/Year) (Instr. 8) or Disposed of (D)
(Instr. 3, 4 and 5)
------------------- ------------------- --------------------------
(A) or
Code V Amount (D) Price
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Common Stock 2/10/99 P V 8,000 A (1)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENFICIALLY OWNED -- Continued
====================================================================================================================================
1. Title of Security (Instr. 3) 5. Amount of Securities 6. Ownership Form: 7. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership
(Instr. 4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 30,000 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 30,000 I By wife as
custodian
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
* Represents the vesting of Management Recognition Plan Award
and the change in form of ownership from indirect to direct.
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTION, CONVERTIBLE SECURITIES)
====================================================================================================================================
1. Title of Derivative Security 2. Conversion 3. Transaction Date 4. Transaction Code 5. Number of Derivative
(Instr. 3) Or Exercise (Month/Day/Year) (Instr. 8) Securities Acquired (A)
Price of or Disposed of (D)
Derivative (Instr. 3, 4, and 5)
Security
------------- ------------------- -------------------- ---------------------------
Code V (A) (D)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Stock Option $.028
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option $2.00
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option $8.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTION, CONVERTIBLE SECURITIES) -- Continued
====================================================================================================================================
1. Title of Derivative Security 6. Date 7. Title and 8. Price of
(Instr. 3) Exercisable Amount of Derivavtive
and Underlying Security
Expiration Securities (Instr. 5)
Date (Month/ (Instr. 3
Day/Year) and 4)
-------------------- ---------------------------- --------------
Date Expira- Amount or
Exer- tion Number
cisable Date Title of Shares
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Stock Option 4/6/98 10/31/06 Common Stock 160,000
- ------------------------------------------------------------------------------------------------------------
Stock Option (1) 10/14/07 Common Stock 75,000
- ------------------------------------------------------------------------------------------------------------
Stock Option (2) 10/29/08 Common Stock 40,000
- ------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTION, CONVERTIBLE SECURITIES) -- Continued
====================================================================================================================================
1. Title of Derivative Security 9. Number of Derivative 10. Ownership Form of 11. Nature of Indirect
(Instr. 3) Security (Instr. 5) Derivative Security: Beneficial
Direct (D) or Ownership
Indirect (I) (Instr. 4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Stock Option 194,587 D
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option 194,587 D
- ------------------------------------------------------------------------------------------------------------------------------------
Stock Option 194,587 D
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) As of the reporting date, this option is exercisable as to 31,250 shares.
This option will vest as to an additional 6,250 shares on the last day of each
calendar quarter until fully vested.
(2) As of the reporting date, this option is exercisable as to 3,337 shares.
This option will vest as to an additional 3,333 shares on the last day of each
calendar quarter until fully vested.
/s/Glenn D. Bolduc 2/19/99
----------------------------- ---------
Signature of Reporting Person Date