FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
FORM 4 Washington, D.C. 20549
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
Instruction 1(b).
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)
<TABLE>
<S> <C> <C> <C> <C>
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1. Name and Address of Reporting Person*/ 2. Issuer Name and / 5. Relationship of Reporting
/ Ticker or Trading Symbol / Person(s) to Issuer
/ / (Check all applicable)
/ / -x- Director --- 10% Owner
(Last) (First) (Middle) / AREMISSOFT CORPORATION / --- Officer --- Other
ELLIS, GEORGE H. / ("AREM") / (give title below) (specify below)
/ /
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/ 3. Statement 4. If Amendment, Date / 6. Individual or Joint/Group Filing
/ for Month/Year of Original(Month/Year) / (Check Applicable Line)
/ / x Form filed by one Reporting Person
/ 05/2000 / --- Form filed by More than One
/ / Reporting Person
----------------------------------------/ /
8401 North Central Expressway, #840 LB2 / /
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(Street) / /
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/ /
Dallas, TX 75225 / /
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(City) (State) (Zip) / /
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</TABLE>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
5. Amount of
4. Securities Securities 6. Ownership 7. Nature of
Acquired (A) or Beneficially Form: Direct Indirect
3. Transaction Disposed of (D) Owned at End (D) or Beneficial
1. Title of Security 2. Transaction Date Code(Instr.8.) (Instr. 3, 4 and 5) of Month Indirect (I Ownership
(Instr. 3) (Mo./Day/Yr.) Code V Amount (A)or(D) Price (Instr.3,4,5) (Instr. 4) (Instr. 4)
-------------------- ------------------- -------- ------- ------- -------- ------- -------------- ------------ -------------
Common Stock 05/04/2000 M 20,000 A $ 5.00 20,000 D N/A
Common Stock 05/05/2000 S 600 D $27.0625 19,400 D N/A
Common Stock 05/05/2000 S 1,100 D $27.00 18,300 D N/A
Common Stock 05/08/2000 S 1,000 D $25.875 17,300 D N/A
Common Stock 05/09/2000 S 7,300 D $25.375 10,000 D N/A
Common Stock 05/09/2000 S 1,000 D $24.875 9,000 D N/A
Common Stock 05/11/2000 S 200 D $25.4375 8,800 D N/A
Common Stock 05/11/2000 S 2,000 D $25.375 6,800 D N/A
Common Stock 05/11/2000 S 2,000 D $25.25 4,800 D N/A
Common Stock 05/11/2000 S 2,600 D $25.125 2,200 D N/A
Common Stock 05/11/2000 S 2,100 D $25.00 100 D N/A
Common Stock 05/11/2000 S 100 D $24.875 0 D N/A
-------------------- ------------------- -------- ------- ------- -------- ------- -------------- ------------ -------------
</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 4(b)(v).
<PAGE>2
FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6.Date 9.Number 10.Owner-
5.Number Exercisable 7.Title and of Deriv- ship Form
of Derivitive and Expira- Amount of itive of Deriv-
Securities tion Date Underlying Securities itive
4.Trans- Aquired (A) (Mo./Day/Yr.) Securities 8.Price Benefi- Security
1.Title 2.Conversion 3.Trans- action or Disposed ------------- (Instr.3 and 4) of Deri- cially Direct 11.Nature
of or Exercise action Code of (D) Date ---------------- vitive owned at (D) or of Bene-
Derivitive Price of Date (Instr. 8) (Instr. 3,4,5) Exer- Expira- Amount or Security End of Indirect ficial
Security Derivitive (Mo./Day/ ---------- -------------- cis- tion Number of (Instr. Month (I) Ownership
(Instr.3) Security Yr.) Code V A D able Date Title Shares 5) (Instr.4) (Instr. 4)(Instr.4)
---------- ------------ --------- ----- ---- ----- ------- ------- ------- ----- --------- -------- --------- ---------- --------
Common $5.00 05/04/00 M 20,000 4/22/99 4/22/04 Common 20,000 0 D N/A
Stock 4/22/00 Stock
---------- ------------ --------- ----- ---- ----- ------- ------- ------- ----- --------- -------- --------- ---------- --------
</TABLE>
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/s/ GEORGE H. ELLIS 06/08/2000
-------------------------------- ----------
George H. Ellis Date
**Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.