<PAGE>
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:
William Reddersen
C/0 TeraGlobal Communications Corp.
9171 Towne Centre Drive, Suite 600
San Diego, CA, 92122
2. Date of Event Requiring Statement: (Month/Day/Year): 9/19/00
3. IRS Identification Number of Reporting Person, if an Entity
(Voluntary):
4. Issuer Name and Ticker or Trading Symbol: TeraGlobal Communications
Corp (TGCC)
5. Relationship of Reporting Person to Issuer (Check all applicable):
X Director 10% Owner
-------- -----
X Officer (give title below) Other (Specify below)
-------- -----
INTERIM CHIEF EXECUTIVE 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
-------
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<TABLE>
<CAPTION>
---------------------------------------------- ------------------------------ -------------------- --------------------------------
1. Title of Security (Instr. 4) 2. Amount of 3. Ownership 4. Name of Indirect
Securities Beneficially Form: Direct (D) Beneficial Ownership (Instr. 5)
Owned (Instr. 4) or Indirect (I)
(Instr. 5)
---------------------------------------------- ------------------------------ -------------------- --------------------------------
<S> <C> <C> <C>
---------------------------------------------- ------------------------------ -------------------- --------------------------------
---------------------------------------------- ------------------------------ -------------------- --------------------------------
---------------------------------------------- ------------------------------ -------------------- --------------------------------
</TABLE>
<PAGE>
FORM 3 (continued)
TABLE II: DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of
Security (Instr. 4) and Expiration Date Securities Underlying or Exercise Form of Indirect
(Month/Day/Year) Derivative Security (Instr. 4) Price of Derivative Beneficial
Derivative Security: Ownership
Security Direct (D) or (Instr. 5)
Indirect (I)
(Instr. 5)
-----------------------------------------------------------------------------------------------------------------------------------
Date Expiration Title Amount or
Exercisable Date Number of
Shares
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Options to Purchase 9/19/00 9/19/10 Common Stock 18,750 $2.50 D
-----------------------------------------------------------------------------------------------------------------------------------
Options to Purchase 9/19/01 9/19/10 Common Stock 18,750 $2.50 D
-----------------------------------------------------------------------------------------------------------------------------------
Options to Purchase 9/19/02 9/19/10 Common Stock 18,750 $2.50 D
-----------------------------------------------------------------------------------------------------------------------------------
Options to Purchase 9/19/03 9/19/10 Common Stock 18,750 $2.50 D
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ William Reddersen 9/22/00
---------------------------------- --------------
Signature of Reporting Person Date
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).
2