------------------------------
OMB APPROVAL
------------------------------
OMB Number: 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
------------------------------
UNITED STATES 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
(Ptint or Type Responses)
===============================================================================
1. Name and Address of Reporting Person*
Donahue Michael J.
- -------------------------------------------------------------------------------
(Last) (First) (Middle)
395 Hudson Street, 6th Floor
- -------------------------------------------------------------------------------
(Street)
New York NY 10014
- -------------------------------------------------------------------------------
(City) (State) (Zip)
===============================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
08/16/99
===============================================================================
3. I.R.S. Identification Number of Reporting Person, if any entity (Voluntary)
===============================================================================
4. Issuer Name and Ticker or Trading Symbol
InterWorld Corporation/INTW
===============================================================================
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chariman of the Board of Directos
--------------------------------------------------------------------
===============================================================================
6. If Amendment, Date of Original (Month/Day/Year)
8/9/99 (1)
===============================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
===============================================================================
Table I - Non-Derivative Securities Beneficially Owned
===============================================================================
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership
(Instr. 4) Indirect (I) (Instr.5)
(Instr. 5)
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 4,792,767 D
- -----------------------------------------------------------------------------------------------------------------------------------
Common Stock 20,000 I By Spouse
- -----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
</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)
<PAGE>
FORM 3 (continued)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, call, warrants, options, convertible securities)
===============================================================================
<TABLE>
- -----------------------------------------------------------------------------------------------------------------------------------
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) Title 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 Shares Security (Instr.5) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
(1) This amendment is being filed to correct an unintentional miscalculation
in the total number of shares owned by Mr. Donahue.
/s/ Michael J. Donahue January 31, 2000
------------------------------------------ --------------------
** 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).
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, See Instruction 6 for procedure.
