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F O R M 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities 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
Bisbano, Patti R.
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(Last) (First) (Middle)
Communications Development Corporation
3o Main Street, Suite 400
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(Street)
Danbury CT 06810
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
February 4, 1999
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker of Trading Symbol
Vialog Corporation VLOG
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5. Relationship of Reporting Person to Issuer (check all applicable)
[ x ] Director*
[ ] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group filing (Check Appropriate Line)
[x] Form filed by One Reporting Person
[ ] Form filed by More Than One Reporting Person
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<TABLE>
<CAPTION>
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TABLE I -- NON-DERIVATIVE SECURITIES BENFICIALLY OWNED
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1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership From: 4. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership
(Instr 5.) (Instr. 5)
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<S> <C> <C> <C>
Common Stock 52,174 D
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</TABLE>
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<TABLE>
<CAPTION>
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TABLE II -- DERIVATIVE SECURITIES BENFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Date 3. Title and 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) Exercisable Amount of Or Exercise Form of Indirect
and Securities Price of Derivative Beneficial
Expiration Underlying Derivative Security: Ownership
Date (Month/ Derivative Security Direct (Instr. 5)
Day/Year) Security (D) or
(Instr. 4) Indirect (I)
(Instr. 5)
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Date Expira- Amount or
Exer- tion Number
cisable Date Title of Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option (1) 11/12/00 Common Stock 62,500 $5.75 D
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Stock Option 05/22/98 05/22/08 Common Stock 6,250 $7.00 D
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Stock Option (2) 01/15/09 Common Stock 6,200 (3) D
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Stock Option (4) 01/15/09 Common Stock 250 IPO Price I Held by
daughter (5)
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Explanation of Responses:
(1) As of the reporting date, this option is exercisable as to 26,044 shares.
This option vests as to an additional 5,208 shares on the last day of each
calendar quarter until fully vested.
(2) This option vests as to 513 shares on 7/1/99 and as to an additional 517
shares on the first day of each calendar quarter until fully vested.
(3) The price per share for this option is the IPO price.
(4) These options vest as to 82 shares on 1/15/00 and as to an additional 21
shares on the last day of each calendar quarter thereafter until fully
vested.
(5) The reporting person's daughter is an employee of a subsidiary of the
Issuer and was granted employee options under the Issuer's 1995 Stock Plan.
/s/Patti R. Bisbano 2/4/99
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Signature of Reporting Person Date
