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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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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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*
Imholz Joseph E.
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(Last) (First) (Middle)
3 Painted Bunting Lane
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(Street)
Savannah GA 31411
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
08/07/97
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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
The A Consulting Team, Inc. (TACX)
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5. Relationship of Reporting Person(s) to Issuer:
(Check all applicable)
X Director 10% Owner
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Officer (give Other (Specify
----- title below) ------ 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 Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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Table 1 -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 4)
(Instr. 4) Indirect (I)
(Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction
5(b)(v).
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FORM 3 (continued)
<TABLE>
<CAPTION>
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. Conversion 5. Ownership 6. Nature of
(Instr. 4) cisable and Underlying Derivative Security or Exercise Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month/Day/ Security Direct (D) (Instr. 5)
Year) or
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Date Expira- Amount (Instr. 5)
Exer- tion or
cisable Date Title Number
of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Options (1) (1) Common Stock 1,000 (1) D N/A
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</TABLE>
Explanation of Responses:
(1) Options granted on date specified in Item 2 (Date of Event Requiring
Statement) to purchase 1,000 shares of Common Stock at an exercise price
equal to the initial public offering price of $12.00. All 1,000 of
such options vest on the first anniversary date of the date of grant and
will expire on the fifth anniversary date of the date of grant.
**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 contained in this form
are not required to respond unless the form displays a currently valid OMB
Number.
/s/ Joseph E. Imholz 8/6/97
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**Signature of Reporting Person Date