<TABLE>
<CAPTION>
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------
FORM 3 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
<S> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person 2. Date of Event Re- 4. Issuer Name and Ticker or Trading Symbol
quiring Statement
(Month/Day/Year)
onlinetradinginc.com corp. 01/19/00 Omega Research, Inc. - ("OMGA")
- ------------------------------------------------------------------------------------------------------------------------------------
(Last) (First) (Middle) 3. IRS or Social 5. Relationship of Reporting Person(s) 6. If Amendment, Date of
Security Number of to Issuer (Check all applicable) Original (Month/Day/
2700 N. Military Trail, Suite 200 Reporting Person Year)
- ----------------------------------------- (Voluntary) ------------------------
(Street) Director X 10% Owner 7. Individual or Joint/
--- --- Group Filing (Check
Officer (give X Other (specify Applicable Line)
--- title below) --- below) X Form filed by One
Boca Raton FL 33431 --- Reporting Person
- ----------------------------------------- Holder of stock option to purchase Form filed by More
(City) (State) (Zip) more than 10% ownership of Issuer (1) --- than One Reporting
Person
- ------------------------------------------------------------------------------------------------------------------------------------
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I) (Instr. 5)
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
- ------------------------------------------------ ------------------------------------- --------------------- -----------------------
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 (3-99)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 3 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of
(Instr. 4) cisable and Underlying Derivative Security sion or ship Indirect
Expiration (Instr. 4) Exercise Form of Beneficial
Date Price of Deriv- Ownership
(Month/Day/Year) Deri- ative (Instr. 5)
----------------------------------------------------------- vative Security:
Date Expira- Amount Security Direct
Exer- tion Title or (D) or
cisable Date Number Indirect
of (I)
Shares (Instr. 5)
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
Stock Option (Right to buy) (1) (2) Common Stock 4,892,573 $6.4422 D
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
- --------------------------------- --------- ------------- ------------------------- --------- ------------ ------------ ------------
Explanation of Responses:
(1) Pursuant to the terms of that certain Omega Stock Option Agreement (the "Stock Option Agreement") dated January 19, 2000 between
the reporting person and the Issuer and subject to certain conditions, the stock option may be exercised in whole or in part prior
to its termination by the reporting person after the occurrence of (i) a fraud or willful or intentional breach or failure to
perform by the Issuer under that certain Agreement and Plan of Merger and Reorganization (the "Merger Agreement") dated January 19,
2000 among the Issuer, the reporting person and others, resulting in a termination of the Merger Agreement or (ii) a Takeover
Proposal or Trigger Event (as such terms are defined in the Merger Agreement) occurring with respect to the Issuer combined with
termination of the Merger Agreement by the Issuer. As of the date hereof, the reporting person disclaims any beneficial ownership of
the shares of the Issuer's common stock which are purchasable by the reporting person upon the exercise of the stock option, as the
stock option is exercisable only in the limited circumstances set forth in the Omega Stock Option Agreement, none of which has
occurred as of the date hereof.
(2) The stock option expires upon the earlier of the Effective Time (as defined in the Merger Agreement), the termination of the
Merger Agreement (other than a termination triggering the reporting person's right to exercise the stock option) or 180 days
following the termination of the Merger Agreement triggering the reporting person's right to exercise the stock option.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
onlinetradinginc.com corp,
/s/ E. Steven zum Tobel January 28, 2000
------------------------------ ----------------
Name: E. Steven zum Tobel Date
Title: President
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 procedures.
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 control number.
</TABLE>
