FORM 3 U.S. Securities and Exchange Commission OMB Approval
Washington, D.C. 20549 OMB Number 3235-0104
Expires: December 31, 2000
Estimated ave.burden
hours per response......0.5
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
SECURITIES Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934,
Section17(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 2. Date of Event Requiring 3. IRS or Soc.Sec.No.
of Reporting Person Statement (Month/Day/Yr) of Reporting Person
(Voluntary)
Grady, Patrick E. 11/30/2000
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(Last) (First) (Middle)
13723 Pebblebrook Drive
------------------------ 4. Issuer Name and Ticker or Trading
(Street) Symbol
Inspire Insurance Solutions, Inc.
Houston TX 77079 (NSPR)
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(City) (State) (ZIP)
5. Relationship of Reporting Person 6. If Amendment, Date of Original
to Issuer (Check all applicable)
Director 10% Owner ---------------------------------
------- ------- (Month/Day/Year)
X Officer Other
------- -------
(give title below)(specify below) 7. Individual or Joint/Group Filing
(Check Applicable Line)
Chief Financial Officer X
------------------------------------ --- Form filed by one Reporting
Person
--- Form filed by more than one
Reporting Person*
<TABLE>
<CAPTION>
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Table I - Non-Derivative Securities Beneficially Owned
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<S> <C> <C> <C>
1. Title of Security 2. Amount of 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Securities Direct (D) or Beneficial
Beneficially Indirect (I) Ownership
Owned (Instr. 4) (Instr. 5) (Instr. 5)
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<FN>
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
* If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v)
</FN>
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 3 (continued)
Page 2
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Table II - Derivative Securities Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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<S> <C> <C>
1. Title of 2. Date Exercisable and 3. Title and Amount of Securities
Derivative Expiration Date Underlying Derivative Security
Security (Month/Day/Year) (Instr. 4)
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Date Expiration Amount or Number
Exercisable Date Title of Shares
Stock Options (Right to Buy) 11/14/01 (1) 11/14/10 Common Stock 150,000
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4. Conversion or Exercise 5. Ownership Form of 6. Nature of Indirect Beneficial
Price of Derivative Derivative Security: Ownership
Security Direct (D) or Indirect (I) (Instr. 5)
(Instr. 4) (Instr. 5)
$0.6562/Share D
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</TABLE>
Explanation of Responses:
(1) Stock Options vest 25 percent after one year, then balance of Stock Options
vest ratably over period of two years on a monthly basis.
<TABLE>
<CAPTION>
<S> <C> <C>
/s/ Patrick E. Grady 12/07/2000
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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).
</TABLE>
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