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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Novak, Steven P. Statement Trading Symbol of Original
- - ---------------------------------------- (Month/Day/Year) software.net Corporation (SWNT) (Month/Day/Year)
(Last) (First) (Middle) 6/16/98 ----------------------------------
10 East 50th Street, 22nd Floor ---------------------------- 5. Relationship of Reporting -----------------------
- - ---------------------------------------- 3. IRS or Social Security Person to Issuer 7. Individual or Joint/
(Street) Number of Reporting (Check all applicable) Group Filing (Check
New York, NY 10022 Person (Voluntary) X Director 10% Owner applicable line)
- - -------------------------------------- ----- ----- X Form filed by
(City) (State) (Zip) ---------------------------- Officer Other ----- One Reporting
----- (give ----- (specify Person
title below) below) Form filed by
----- More than One
---------------------------------- Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 4)
(Instr. 5)
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Common Stock 20,000 D
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Common Stock 2,225,510 I *By Unterberg Affiliates
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*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. (Over)
(Print or Type Responses) (8/96)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security
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Date Expira- Amount or (D) or
Exercis- tion Title Number Indirect (I)
able Date of Shares (Instr. 5)
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Option (Right to Buy) 10/01/1996 01/01/2006 Common Stock 20,000 $0.0333 D
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Option (Right to Buy) 10/01/1997 01/01/2007 Common Stock 10,000 $0.1125 D
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Option (Right to Buy) 10/01/1998 01/01/2008 Common Stock 10,000 $0.50 D
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Explanation of Responses:
/s/ STEVEN P. NOVAK 6/15/98
*Includes 59,914 shares held by UT Capital Partners International, LDC, ------------------------------- ------------------
368,426 shares held by UT Technology Partners, LDC, 1,506,262 shares held **Signature of Reporting Person Date
by C.E. Unterberg Towbin Capital Partners I, L.P., 239,708 shares held by
Unterberg Harris Private Equity Partners, L.P. and 51,200 shares held by
Unterberg Harris Private Equity Partners, CV (collectively, the "Unterberg
Affiliates"). Mr. Novak is a Managing Director of Unterberg. Mr. Novak
disclaims beneficial ownership of all shares owned by the Unterberg
Affiliates.
**Intentional misstatements or omissions of facts constitute Federal Criminal Page 2
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). (8/96)
Note. File three copies of this form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
(Print or Type Responses)
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