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UNITED STATES 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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Berlingeri Mark
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(Last) (First) (Middle)
395 Hudson Street, 6th Floor
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(Street)
New York NY 10014
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
02/29/00
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3. I.R.S. Identification Number of Reporting Person, if any entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
InterWorld Corporation/INTW
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Sr. Vice President Worldwide Services
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6. If Amendment, Date of Original (Month/Day/Year)
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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>
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership
(Instr. 4) Indirect (I) (Instr. 5)
(Instr. 5)
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<S> <C> <C> <C>
Common Stock 135 (1) D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one reporting person, see Instruction
5(b)(v)
<PAGE>
FORM 3 (continued)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, call, warrants, options, convertible securities)
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<TABLE>
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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) Title 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 Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Sr. VP
Common Stock Worldwide 75,000
Options 01/05/99 10/05/08 Services (2) $10.00 D
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Sr. VP
Common Stock Worldwide 50,000
Options 06/01/00 06/01/09 Services (3) $15.00 D
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</TABLE>
Explanation of Responses:
(1) The Common Stock was acquired under the Corporation's Employee Stock
Purchase Plan, whereby participants may purchase shares at a discount
price.
(2) The Stock Options are exercisable on a staggered basis from date of grant
with 5,000 shares vested per quarter in the first year and 1/60th vested on
each monthly anniversary date thereafter.
(3) The Stock Options are exercisable on a staggered basis from date of grant
with 20% vested on the first anniversary date and 5% vested at the end of
each completed quarter thereafter.
/s/ Mark Berlingeri March 10, 2000
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** Signature of Reporting Person Date
** 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 is insufficient, See Instruction 6 for procedure.
