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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: Robert K. Ipson,
48 West 300 South, #2303N, Salt Lake City, UT 84101
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: 3/00
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): 3/01/00
3. Transaction Code: Code: S
4. Securities Acquired (A) or Disposed of (D): Amount: (D) 3,000 shares
<TABLE>
<CAPTION>
<C> <C> <C> <C>
1. Title 5. Amount of 6. Ownership Form: 7. Nature of
of Securities Direct(D)or Indirect Beneficial
Security Beneficially Owned Indirect(I) Ownership
At End of Month
-------- ------------------ --------------- -------------------
Common Stock 220,100 D N/A
Common Stock 39,200 I Shares held of record by Linda L.
Ipson, spouse of Robert K. Ipson
</TABLE>
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): N/A
4. Transaction Code: N/A
5. Number of Derivative Securities Acquired (A) or Disposed of (D):
6. Date Exercisable and Expiration Date (Month/Day/Year): exercisable 5/7/99
Expiration 3/30/2002
7. Title and Amount of Underlying Securities: Common Stock,
8. Price of Derivative Security: n/a (see explanation below)
9. Number of Derivative Securities Beneficially Owned at End of Month:
Bob Ipson Options 100,000
Warrants 160,000
Linda Ipson Warrants 30,000
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I):
(D) 100,000 Options
(D) 160,000 Warrants
(I) 30,000 Warrants
11. Nature of Indirect Beneficial Ownership:
The 30,000 Warrants are held by Linda Ipson, spouse of Robert Ipson
Explanation of Responses: The warrants listed in Table II were acquired as
units, consisting of one share and one warrant to purchase one share at an
exercise price of $1.00 per share, priced at $0.50 per unit.
Signature of Reporting Person: /S/ Robert K. Ipson
Date: 3/27/00
