:----------: :----------------------------:
: FORM 4 : : OMB APPROVAL :
:----------: :----------------------------:
:OMB NUMBER 3235-0287 :
:EXPIRES: SEPTEMBER 30, 1998 :
:ESTIMATED AVERAGE BURDEN :
:HOURS PER RESPONSE..... 0.5 :
:----------------------------:
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
Feld Bradley A.
-----------------------------------------------------------------------------
(Last) (First) (Middle)
c/o SOFTBANK Technology Ventures
333 West San Carlos Street, Suite 1225
-----------------------------------------------------------------------------
(Street)
San Jose CA 95110
-----------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Issuer Name and Ticker or Trading Symbol
MessageMedia, Inc., formerly known as First Virtual Holdings Incorporated
("FVHI")
-----------------------------------------------------------------------------
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
-----------------------------------------------------------------------------
================================================================================
4. Statement for Month/Year
12/98
-----------------------------------------------------------------------------
================================================================================
5. If Amendment, Date of Original (Month/Year)
6/98
-----------------------------------------------------------------------------
================================================================================
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director ____ 10% Owner
_____ Officer (give title below) ____ Other (Specify below)
-----------------------------------------------------------------------------
================================================================================
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 I-NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
1.Title of Security 2.Trans- 3.Trans- 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of
(Instr. 3) action action or Disposed of (D) Securities Bene- Form: Direct Indirect
Date Code (Instr. 3, 4 and 5) ficially Owned (D) or Beneficial
(Month/ (Instr. 8) ------------------------ at End of Indirect (I) Ownership
Day/ ------------ Amount (A) or Price Month (Instr. (Instr. 4) (Instr. 4)
Year) Code V (D) 3 and 4)
- ------------------- --------- ------------ ------------------------ ------------------ -------------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock (1) 12/9/98 J (1) A (1) 451,189 D
- ------------------------------------------------------------------------------------------------------------------------------------
<FN>
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
</FN>
</TABLE>
Page 1 of 2
<PAGE>
FORM 4 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security (Instr. 3)
---------------------------------------------------------------------------
================================================================================
2. Conversion or Exercise Price of Derivative Security
---------------------------------------------------------------------------
================================================================================
3. Transaction Date (Month/Date/Year)
---------------------------------------------------------------------------
================================================================================
4. Transaction Code (Instr. 8)
Code V
------------------ ------------
================================================================================
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) (D)
------------------ ------------
================================================================================
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
------------------------ ------------------------
================================================================================
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
------------------ --------------------------
================================================================================
8. Price of Derivative Security (Instr. 5)
---------------------------------------------------------------------------
================================================================================
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
---------------------------------------------------------------------------
================================================================================
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
---------------------------------------------------------------------------
================================================================================
11. Nature of Indirect Beneficial Ownership (Instr. 4)
---------------------------------------------------------------------------
================================================================================
Explanation of Responses:
(1) Pursuant to the Agreement and Plan of Reorganization, dated as of August
20, 1998, by and among the Company, Epub Holdings, Inc., Email Publishing,
Inc. ("Epub") and certain stockholders of Epub, including Bradley A. Feld,
Bradley A. Feld received 451,189 shares of Common Stock in exchange for his
225,726 shares of Epub capital stock on December 9, 1998.
Bradley A. Feld
/s/ Bradley A. Feld 1/11/99
--------------------------------------- ---------------
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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number
SEC 1474 (7/96)
Page 2 of 2
