FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
|_| Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
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
(Print or Type Responses)
<TABLE>
<S> <C> <C>
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of
Reporting Person(s) to Issuer
AremisSoft Corporation (Check all applicable)
Kyprianou Dr. Lycourgos K. ("AREM") X Director X 10% Owner
X Officer Other
(give title below) (specify below)
Chairman of the Board and Chief
Executive Officer
- - ----------------------------------------- ---------------- -------------------------- --------------------------------------
(Last) (First) (Middle) 3. Statement for 4. If Amendment, Date of
Month/Year Original (Month/Year)
October 1999 n/a
c/o AremisSoft Corporation, Goldsworth ------------- ---------------------
House, Denton Way
- - ---------------------------------------
(Street) 6. Individual or Joint/Group Filing
(Check Applicable Line)
xx Form filed by one Reporting Person
Form filed by More than One
Woking, Surrey GU2131G United Kindom Reporting Person
- - --------------------------------------
(City) (State) (Zip)
</TABLE>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
5. Amount of
4. Securities Securities 6. Ownership 7. Nature of
Acquired (A) or Beneficially Form: Direct Indirect
3. Transaction Disposed of (D) Owned at End (D) or Beneficial
1. Title of Security 2. Transaction Date Code(Instr.8.) (Instr. 3, 4 and 5) of Month Indirect (I Ownership
(Instr. 3) (Mo./Day/Yr.) Code V Amount (A)or(D) Price (Instr.3,4,5) (Instr. 4) (Instr. 4)
- - -------------------- ------------------- -------- ------- ------- -------- ----- -------------- ----------- ----------
Common Stock October 8, 1999 S V 1,200,000 (D) $11.00 3,493,630 (D) n/a
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6,533,630 (I) Pursuant to a
Stock Purchase
Agreement and
Voting Agreement
entered into by
and between LK
Global (Holdings)
NV and Info-quest
SA
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</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 4(b)(v).
<PAGE>2
FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.Date 9.Number 10.Owner-
5.Number Exercisable 7.Title and of Deriv- ship Form
of Derivitive and Expira- Amount of itive of Deriv-
Securities tion Date Underlying Securities itive
4.Trans- Aquired (A) (Mo./Day/Yr.) Securities 8.Price Benefi- Security
1.Title 2.Conversion 3.Trans- action or Disposed ------------- (Instr.3 and 4) of Deri- cially Direct 11.Nature
of or Exercise action Code of (D) Date ---------------- vitive owned at (D) or of Bene-
Derivitive Price of Date (Instr. 8) (Instr. 3,4,5) Exer- Expira- Amount or Security End of Indirect ficial
Security Derivitive (Mo./Day/ ---------- -------------- cis- tion Number of (Instr. Month (I) Ownership
(Instr.3) Security Yr.) Code V A D able Date Title Shares 5) (Instr.4) (Instr. 4) (Instr.4)
- - ---------- ------------ --------- ----- ---- ----- ------- ----- ------- ------ --------- -------- --------- ---------- ---------
Option to $10.875 (2) 09/01/ Common 300,000 700,000
Purchase 2004 Stock (2)
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</TABLE>
Explanation of Responses:
(1) LK Global (Holdings) NV is a corporation organized in the Netherlands. Dr.
Kyprianou is the sole director and shareholder of LK Global (Holdings) NV.
(2) The term of this option shall be five (5) years beginning September 1,
1999, one-half vesting upon execution of the Nonqualified Stock Option
Agreement and the remaining one-half on September 1, 2000. As of this
filing, no options have been exercised.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. /s/ See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ DR. LYCOURGOS K. KYPRIANOU November 10, 1999
- - ----------------------------------------- --------------------
Dr. Lycourgos K. Kyprianou Date
*Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
