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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
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1. Name and Address of Reporting Person*
Visconti Gerald J., Jr.
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(Last) (First) (Middle)
222 Clematis Street, Suite 207
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(Street)
West Palm Beach FL 33401
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
10/27/98
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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
Sforza Enterprises Inc. (SFZAU)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ X ] Other (specify below)
President
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6. If Amendment, Date of Original (Month/Year)
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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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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
Common Stock 51,961 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 3
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock Options
(right to buy)1 11/01/99 11/01/08 Common Stock 20,000 $ 4.4375 D
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Common Stock Options
(right to buy)2 (3) 11/01/08 Common Stock 30,000 $ 2.50 D
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</TABLE>
Explanation of Responses:
See attached addendum
/s/Gerald J. Visconti, Jr. December 1, 1999
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Gerald J. Visconti, Jr.
** 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.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of 3
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<PAGE>
GERALD J. VISCONTI, JR.
ADDENDUM TO FORM 3
(1) The reported securities were granted to the Reporting Person as incentive
stock options in accordance with his Employment Agreement dated October 27,
1998, and pursuant to the Company's Equity Incentive Plan.
(2) The reported securities were granted to the Reporting Person as
non-qualified stock options in accordance with his Employment Agreement dated
October 27, 1998, and pursuant to the Option to Purchase Common Stock of Sforza
Enterprises, Inc.
(3) The Reporting Person, according to the terms of the Employment Agreement
excuted on October 27, 1998, may exercise one-half (15,000) of the options
commencing October 27, 1999, and may exercise the remaining (15,000) options
commencing October 27, 2000.
