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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
Swain William
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(Last) (First) (Middle)
c/o GraphOn Corporation
225 Cochran Circle
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(Street)
Morgan Hill, CA 95037
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(City) (State) (Zip)
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2. Date of Event Requiring Statement
(Month/Day/Year)
3/22/00
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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
GraphOn Corporation, GOJO
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
Director 10% Owner
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X Officer (give Other (specify
----- title below) ----- below)
Chief Executive Officer
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6. If Amendment, Date of Original
(Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Box)
[X] Form filed by One Reporting Person
[_] Form filed by More than One Reporting Person
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Table 1 - Non-Derivative Securities Beneficially Owned
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1. Title of Security
(Instr. 4)
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Common Stock
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2. Amount of Securites Beneficially Owned
(Instr. 4)
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5,000
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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D
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Reminder. Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If this form is filed by more than one reporting person, see Instruction
5(b)(v).
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.
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FORM 3 (continued) 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 Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Date Expira- Amount (D) or
Exer- sion Title or Indirect
cisable Date Number (I)
of (Instr. 5)
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
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Employee Stock Option
(Right to Buy) (1) 2/15/10 Common Stock 125,000 $15.62 D
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Employee Stock Option
(Right to Buy) (2) 2/15/10 Common Stock 10,000 $15.62 D
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Explanation of Responses:
(1) Option to purchase 125,000 shares of Common Stock under the GraphOn Corporation 1998 Stock Option/Stock Issuance Plan (the
"Plan"). The option is immediately exercisable, subject to repurchase of the option shares by the Company at the exercise price
prior to full vesting. The repurchase right lapses, and the optionee vests, as follows: (i) 3.04% of the option shares upon
completion of four (4) months of service measured from February 15, 2000 and (ii) the balance shall vest at 3.03% of the total
option shares per month upon optionee's completion of each additional month of service with the Company over the thirty-two (32)
month period thereafter.
(2) Option to purchase 10,000 shares of Common Stock under the Plan. The Option is immediately exercisable, subject to repurchase of
the option shares by the Company at the exercise price prior to full vesting over Mr. Swain's period of service with the Company.
The repurchase right lapses, and the optionee vests on the earlier to occur of (i) February 15, 2006 or (ii) upon the attainment of
certain milestones, as determined by the Compensation Committee.
** Intentional misstatements or omissions of facts /s/ William Swain April 3, 2000
constitute Federal Criminal Violations. ---------------------------------- --------------------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note: File three copies of this Form, one of which
must be manually signed. If space 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.
Page 2
SEC 1473 (7-97)
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