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<PAGE> 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name and Address of Reporting Person:
Shorland G. Hunsaker, 2751 East Rubidoux Road, Salt Lake City, UT 84093
2. Issuer Name and Ticker or Trading Symbol:
NATEX CORPORATION (NATX)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year: 11/99
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
(X) Director (X) Officer, give title below ( ) 10% Owner ( ) Other
Title:
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 ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security: Common Stock
2. Transaction Date (Month/Day/Year):
(i) 10/1/99
(ii) 10/1/99
(iii) 11/23/99
3. Transaction Code:
(i) P
(ii) G
(iii) P
4. Securities Acquired (A) or Disposed of (D):
(i) (A) 70,000 shares
(ii) (D) 28,000 shares
(iii) (A) 3,000 shares
5. Amount of Securities Beneficially Owned at End of Month: 147,000
6. Ownership Form: Direct (D) or Indirect (I): D
7. Nature of Indirect Beneficial Ownership: n/a
TABLE II
DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED
1. Title of Derivative Security: Warrants
2. Conversion or Exercise Price of Derivative Security: $1.00
3. Transaction Date (Month/Day/Year): 10/1/99
4. Transaction Code: X
5. Number of Derivative Securities Acquired (A) or Disposed of (D): D 70,000
6. Date Exercisable and Expiration Date (Month/Day/Year): n/a
7. Title and Amount of Underlying Securities: Common Stock, 70,000
8. Price of Derivative Security: n/a
9. Number of Derivative Securities Beneficially Owned at End of Month: none
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I): n/a
11. Nature of Indirect Beneficial Ownership: n/a
Explanation of Responses:
Signature of Reporting Person: /S/Shorland G. Hunsaker
Date: 11/30/99
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