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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 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*
BenTov Shmuel
(Last) (First) (Middle)
c/o The A Consulting Team, Inc.
200 Park Avenue South
(Street)
New York New York 10003
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
The A Consulting Team, Inc. (TACX)
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
4. Statement for Month/Year
12/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/X/ Director /X/ 10% Owner
/X/ Officer (give title below) / / Other (specify below)
Chairman of the Board, Predident & Chief Executive Officer
7. Individual or Joint/Group Reporting (Check Applicable Line)
/X/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
5. Amount
of Secu-
rities
4. Securities Acquired (A) Bene- 6. Ownership
2. Trans- 3. Trans- or Disposed of (D) ficially Form:
action action (Instr. 3, 4 and 5) Owned Direct 7. Nature of
Date Code ----------------------------- at End (D) or Indirect
(Month/ (Instr. 8) (A) of Month Indirect Beneficial
1. Title of Security Day/ ------------- Amount or Price (Instr. (I) Ownership
(Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
----------------------------- ---------- ------ ----- ------------ --- ---------- ----------- ------------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/14/00 P 300 A(1) $2.44
Common Stock 12/14/00 P 300 A(1) $2.44
Common Stock 12/15/00 P 4,700 A(2) $2.55
Common Stock 12/15/00 P 4,700 A(2) $2.55
Common Stock 12/28/00 G 5,500 D(3) (3)
Common Stock 12/28/00 G 5,500 D(3) (3)
Common Stock 3,485,000(4) D/I (4)
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<TABLE>
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Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
2. Conver- 5. Number of Deriv- 6. Date Exercisable
sion or 3. Trans- ative Securities and Expiration Date
Exercise action 4. Transac- Acquired (A) or (Month/Day/Year)
Price of Date tion Code Disposed of (D) ----------------------
Deriv- (Month/ (Instr. 8) (Instr. 3, 4, and 5) Date
1. Title of Derivative Security ative Day/ ------------- -------------------------- Exercis- Expiration
(Instr. 3) Security Year) Code V (A) (D) able Date
---------------------------------------- ----------- ---------- ------ ----- ------------ ------------ ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12/1/00-
Option (Right to purchase)(5) $3.8750 12/1/03 12/1/04
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9. Number of 10. Ownership
Derivative Form of
Securities Derivative
7. Title and Amount of Underlying Benefi- Security:
Securities (Instr. 3 and 4) cially Direct 11. Nature of
---------------------------------------- 8. Price of Owned at (D) or Indirect
Amount or Derivative End of Indirect Beneficial
1. Title of Derivative Title Number of Security Month (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
--------------------------- --------------------------- ----------- ------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
Option (Right to purchase)(5) Common Stock 30,000 30,000 D N/A
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Explanation of Responses:
1. On December 14, 2000, Mr. BenTov's two minor children, Jonathan BenTov and
Yaneev BenTov, each purchased 300 shares of common stock; Mr. BenTov indirectly
beneficially owns such shares as the custodian of such minor children.
2. On December 15, 2000, Mr. BenTov's two minor children, Jonathan BenTov and
Yaneev BenTov, each purchased 4,700 shares of common stock; Mr. BenTov
indirectly beneficially owns such shares as the custodian of such minor
children.
3. On December 28, 2000, Mr. BenTov transferred as bona fide gifts 5,500 shares
of common stock to each of his two minor children, Jonathan BenTov and Yaneev
BenTov; Mr. BenTov indirectly beneficially owns such shares as the custodian of
such minor children.
4. Includes 66,000 shares of common stock indirectly beneficially owned by Mr.
BenTov as custodian of Jonathan BenTov and Yaneev BenTov, his two minor children
and Ronit BenTov, his wife.
5. Option granted December 1, 1999 to purchase 30,000 shares of common stock at
an exercise price equal to the closing price of $3,875 on December 1, 1999. The
option vests at the rate of 25% per year and expires on the fifth anniversary of
the date of issuance, or December 1, 2004.
/s/ Shmuel BenTov January 9, 2001
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Shmuel BenTov Date
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
