UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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 Instructions 1(b).
1. Name and Address of Reporting Person
Faeder, David
2 Ridgedale Avenue
Suite 350
Cedar Knolls, NJ 07927
2. Issuer Name and Ticker or Trading Symbol
IBS Interactive, Inc.
IBSX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
07/31/2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, par value $.0| | | | | | |10,000 |D | |
1 per share | | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options (Right t|$8.125 | | | | | |(1) |06/25|Common Stock|10,000 | |10,000 |D | |
o Buy) (1) | | | | | | | |/08 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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Stock Options (Right t|$20.00 | | | | | |(2) |06/16|Common Stock|10,000 | |10,000 |D | |
o Buy) | | | | | | | |/09 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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Stock Options (Right t|$6.07 |07/06|A | |3,000 |A |(3) |07/05|Common Stock|3,000 |(4) |3,000 |D | |
o Buy) | |/00 | | | | | |/10 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Granted pursuant to the Company's 1998 Stock Option Plan. The options
vested in full and become exercisable on June 25, 1999, the first
anniversary of the date of
grant.
(2) Options to purchase shares of Common Stock pursuant to the 1999 Stock
Option Plan vested and became exercisable on May 10, 2000 as to
one-half of these options, and the remainder will vest and become exercisable
on May 10, 2001.
(3) Options to purchase shares of Common Stock will vest and become
exercisable as to one-third of these options on each successive anniversary
date after July 6,
2000.
(4) The options were awarded pursuant to approval by the issuer's board of
directors.
SIGNATURE OF REPORTING PERSON
/s/ David Faeder
DATE
August 10 , 2000
