<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: 2/00
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):
(i) 2/12/00
(ii) 2/12/00
3. Transaction Code:
(i) P
(ii) G
4. Securities Acquired (A) or Disposed of (D):
(i) (A) 100,000 shares
(ii) (D) 29,000 shares
5. Amount of Securities Beneficially Owned at End of Month: 218,000
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: Warrant
2. Conversion or Exercise Price of Derivative Security: $1.00
3. Transaction Date (Month/Day/Year): 2/12/00
4. Transaction Code: P
5. Number of Derivative Securities Acquired (A) or Disposed of (D): A 100,000
6. Date Exercisable and Expiration Date (Month/Day/Year): exercisable 2/12/00
Expiration 12/1/2001
7. Title and Amount of Underlying Securities: Common Stock, 100,000
8. Price of Derivative Security: n/a (see explanation below)
9. Number of Derivative Securities Beneficially Owned at End of Month: 100,000
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I): D
11. Nature of Indirect Beneficial Ownership: n/a
Explanation of Responses: The 100,000 shares listed in Table I and the 100,000
warrants listed in Table II were acquired as units, consisting of one share
and one warrant to purchase one share, priced at $1.00 per unit.
Signature of Reporting Person: /S/Shorland G. Hunsaker
Date: 3/1/00
