U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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 box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
BALDWIN, III L. THOMAS
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(Last) (First) (Middle)
141 WEST JACKSON BOULEVARD, SUITE #2850
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(Street)
CHICAGO IL 60606
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(City) (State) (Zip)
NHANCEMENT TECHNOLOGIES, INC. (NHAN)
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2. Issuer Name and Ticker or Trading Symbol
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
NOVEMBER, 2000
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4. Statement for Month/Year
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<PAGE>
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director * [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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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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*As of December 5, 2000.
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK, $.01 par value 11/1/00 P 17,100 A $24.76
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COMMON STOCK, $.01 par value 11/2/00 P 3,000 A $24.19
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COMMON STOCK, $.01 par value 11/6/00 P 24,990 A $20.62 2,597,075 (1) D
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586,490 (1) I
By: Rosenthal Collins Group, L.L.C.
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(1) Rosenthal Collins Equities, L.L.C. transferred 574,083 shares on 11/24/2000
to Rosenthal Collins Group, L.L.C. Rosenthal Collins Group, L.L.C.
transferred 200,000 shares on 11/6/2000 to this reporting person's
securities account at Penson Financial Services, an unaffiliated
broker/dealer; and transferred 700,000 shares on 11/22/2000 to this
reporting person's securities account at J.P. Morgan Securities, Inc.
Penson Financial Services transferred 623,990 shares on 11/22/2000 from
this reporting person's account at such firm to his securities account at
J.P. Morgan Securities, Inc. First Security Van Kasper, Inc., an
unaffiliated broker/dealer, transferred 700,000 shares on 11/22/2000 to
this reporting person's securities account at J.P. Morgan Securities, Inc.
Indirect beneficial ownership of the shares held by Rosenthal Collins
Group, L.L.C. remains in this reporting person. (Print or Type Responses)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Series B Common
Preferred Stock (1) 10/31/00 P 35,000 (2) Stock 259,259 $100 35,000 D
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Common Stock Common
Warrants (3) $6 9/8/00 J 300,000 9/8/00 7/31/01 Stock 300,000 Services 300,000 D
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</TABLE>
Explanation of Responses:
(1) Conversion price is the lesser of (i) $13.50 per share or (ii) 90% of the
average closing bid prices for the 10 trading days immediately preceding
the date of conversion; provided, that such converstion price shall not be
less than $10.00.
(2) Immediately convertible at the election of the holder.
(3) Previously reported on Form 4 for September 2000 and inadvertently omitted
from Form 4 for October, 2000.
/s/ L. Thomas Baldwin III 12/11/00
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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.
