FORM 3
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 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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Chaimowitz Ron
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(Last) (First) (Middle)
The Auctionchannel, Inc.
1230 Avenue of the Americas, Suite 765
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(Street)
New York NY 10020
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(City) (State) (Zip)
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2. Date of Event Requiring Statement
November 4, 1999
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(Month/Day/Year)
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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
Brilliant Digital Entertainment, Inc. (AMEX: "BDE")
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Chief Executive Officer of The Auctionchannel, Inc.
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6. If Amendment, Date of Original
(Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check Applicable Line)
[X] Form Filed by One Reporting Person
[ ] Form Filed by More than one Reporting Person
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<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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2. 3.
Amount of Ownership
Securities Form: Direct 4.
1. Beneficially (D) or Nature of Indirect
Title of Security Owned Indirect (I) Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
Common Stock 5,000 D
Common Stock 2,000 I By joint account with daughter
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</TABLE>
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 5(b)(v). SEC 1473(7-96)
<PAGE>
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G.,
PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
2. 3.
Date Title and Amount
Exercisable and of Securities Underlying
Expiration Date Derivative Security 4. 5.
(month/day/year) (Instr. 4) Conversion Ownership Form
Title of ---------------- -------------------------- or Exercise of Derivative 6.
Derivative Date Expira- Amount or Price of Security; Direct Nature of Indirect
Security Exer- tion Number of Derivative (D) or Indirect Beneficial Ownership
(Instr. 3) cisable Date Title Shares Security (I)(Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option Common
(right to buy) (1) 10/26/09 Stock 250,000 $3.00 D
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</TABLE>
Explanation of Responses:
(1) The option vests and becomes exercisable as follows: 62,500 shares
vest on each of January 1, 2001, 2002, 2003 and 2004.
/S/ RONALD CHAIMOWITZ 11/8/99
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**Signature of Reporting Person 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.
Page 2
SEC 1473 (7-96)
