U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
1. Name and Address of Reporting Person*
Bien Frederic V.
c/o BigStar Entertainment, Inc.
19 Fulton Street, 5th
2. Date of Event Requiring Statement (Month/Day/Year)
6/2/00
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
BigStar Entertainment, Inc./BGST
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chief Technology Officer
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
<S> <C> <C> <C>
Common Stock(1) 50,000 (D) N/A
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Table II -- Derivative Securities Beneficially Owned (e.g., puts,
calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> | <C> |<C> | <C> | <C> | <C> | <C> | <C>
Options to purchase | 12/23/99 | 11/23/02 | Common Stock | 21,428 | $7.9375 | (D) |
Common Stock | | | | | | |
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Warrants to purchase | 2/1/00(2)| 1/1/03 | Common Stock | 175,000 | $7.9375 | (I) | (I)(3)
Common Stock | | | | | | |
| | | | | | |
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</TABLE>
/s/ Frederic V. Bien August 10, 2000
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**Signature of Reporting Person Date
Explanation of Responses:
(1) Consists of restricted shares that vest on May 15, 2001;
Prior to this date the shares may not be sold.
(2) Consists of warrants to purchase 7,300 shares that vest monthly from
February 1, 2000 through May 1, 2000, and warrants to purchase, 7,290
shares that vest monthly from June 1, 2000 through December 1, 2001.
(3) Frederic V. Bien is President and majority shareholder of Belamo Corp.,
which holds warrants for 175,000 shares.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
