<PAGE> 1
----------- U.S. SECURITIES AND EXCHANGE COMMISSION Page 1 of 5
FORM 3 WASHINGTON, D.C. 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
<TABLE>
<S> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person | 2. Date of Event Requiring | 4. Issuer Name and Ticker or Trading Symbol
| Statement |
| (Month/Day/Year) | DRKOOP.COM, INC. (NASDAQ NATIONAL MARKET: KOOP)
| |----------------------------------------------------------
COMVEST VENTURE PARTNERS LP | AUGUST 22, 2000 | 5. Relationship of Reporting Person to Issuer
-------------------------------------------------------------------------| (Check all applicable)
(Last) (First) (Middle) | 3. IRS or Social |
| Security Number | _______Director ___X___ 10% Owner
830 THIRD AVENUE | of Reporting |
----------------------------------------| Person (Voluntary) | _______ Officer (give _______ Other (specify
(Street) | | title below) below)
NEW YORK, NEW YORK 10022 | |
--------------------------------------- | | ________________________
(City) (State) (Zip) | |---------------------------------------------------------
| | 6. If Amendment, Date of
| | Original (Month/Day/Year)
| |
| |---------------------------------------------------------
| | 7. Individual or Joint/Group Filing
| (Check applicable box)
| | _ Form filed by One
| | Reporting Person
| 13-4124841 | X Form filed by More than
| | - One Reporting Person
------------------------------------------------------------------------------------------------------------------------------------
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security | 2. Amount of Securities | 3. Ownership | 4. Nature of Indirect Beneficial
(Instr. 4) | Beneficially Owned | Form: Direct | Ownership (Instr. 5)
| (Instr. 4) | (D) or Indirect |
| | (I) (Instr. 5) |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
--------------------------------------|------------------------------|-------------------------|------------------------------------
| | |
------------------------------------------------------------------------------------------------------------------------------------
</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.
(Over)
(Print or Type Response)
<PAGE> 2
Page 2 of 5
FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G.,
PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<S> <C> <C> <C> <C> <C>
====================================================================================================================================
1. Title of Derivative Security | 2. Date Exer- |3. Title and Amount of |4. Conver- | 5. Owner- | 6. Nature of
(Instr. 4) | cisable and | Securities Underlying | sion or | ship | Indirect
| Expiration | Derivative Security | Exercise| Form of | Beneficial
| Date | (Instr. 4) | Price of| Deriv- | Ownership
| (Month/Day/ | | Deri- | ative | (Instr. 5)
| Year) | | vative | Security:|
|----------------------------------------------| Security| Direct |
|Date |Expira- | Title |Amount| | (D) or |
|Exer- |tion | |or | | Indirect |
|cisable |Date | |Number| | (I) |
| | | |of | | (Instr. 5) |
| | | |Shares| | |
------------------------------------------------------------------------------------------------------------------------------------
Warrants to purchase | | | | | | |
Common Stock | 11/01/00 |11/01/05|Common Stock | 14,785,715 |$0.35| D(1) |
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
Series D 8% Convertible | | | | | | |
Preferred Stock | n/a |n/a |Common Stock | 4,285,714 |$0.35| D(1) |
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
Warrants to purchase | | | | | | |
Common Stock | 08/29/00 |08/29/05|Common Stock | 3,416,957 |$0.35| I |(2)
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
Series D 8% Convertible | | | | | | |
Preferred Stock | n/a |n/a |Common Stock | 714,286 |$0.35| I |(3)
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
Warrants to purchase | | | | | | |
Common Stock | 08/29/00 |08/29/05|Common Stock | 1,346,935 |$0.35| I |(3)
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
Warrants to purchase | | | | | | |
Common Stock | 08/29/00 |08/29/05|Common Stock | 71,429 |$0.35| I |(3)
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
Series D 8% Convertible | | | | | | |
Preferred Stock | n/a |n/a |Common Stock | 5,714,286 |$0.35| I |(4)
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
| | | | | | |
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
| | | | | | |
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
| | | | | | |
---------------------------------|----------|--------|-------------------|-------------|-----|-------------|------------------------
| | | | | | |
====================================================================================================================================
</TABLE>
Explanation of Responses:
See attached footnotes.
COMVEST VENTURE PARTNERS LP
By: ComVest Management LLC, its general partner
<TABLE>
<S> <C> <C>
**Intentional misstatements or omissions of /s/ Michael S. Falk August 31, 2000
facts constitute Federal Criminal Violations. --------------------------------- -----------------------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) **Signature of Reporting Person Date
Michael S. Falk
Manager
</TABLE>
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See instruction 6 for procedure.
<PAGE> 3
FOOTNOTES Page 3 of 5
(1) These shares and warrants are owned directly by ComVest Venture Partners LP
("ComVest"). The general partner of ComVest is ComVest Management LLC, which is
wholly-owned by Commonwealth Associates Management Corp. ("CAMC"). Michael S.
Falk ("Falk") and Robert Priddy ("Priddy") are directors and shareholders of
CAMC. Falk and Priddy disclaim beneficial ownership of the shares and warrants
held by ComVest other than that portion which corresponds with their respective
partnership interests in ComVest.
(2) These warrants are owned directly by Commonwealth Associates L.P.
("Commonwealth"). Michael S. Falk ("Falk") and Robert Priddy ("Priddy") are
directors and shareholders of CAMC, the general partner of Commonwealth, and
are limited partners of Commonwealth. Falk is the Chairman and principal
stockholder of CAMC, and the principal limited partner of Commonwealth. Falk
and Priddy disclaim beneficial ownership of the shares and warrants held by
Commonwealth other than that portion which corresponds with their respective
equity ownership in Commonwealth.
(3) These shares and warrants are owned directly by Falk.
(4) These shares are owned directly by RMC Capital, LLC ("RMC"). Priddy is a
manager and the principal of RMC and disclaims beneficial ownership of the
securities held by RMC other than that portion which corresponds with his
membership interest therein.
<PAGE> 4
JOINT FILER INFORMATION AND AUTHORIZATION
Name: ComVest Management LLC
830 Third Avenue
New York, New York 10022
Designated Filer: ComVest Venture Partners LP
Issuer & Ticker Symbol: drkoop.com, Inc. (KOOP)
Statement Date: August 22, 2000
Signature: By: /s/ Michael S. Falk
--------------------------------------------------
Michael S. Falk, Manager
Name: Michael S. Falk
830 Third Avenue
New York, New York 10022
Designated Filer: ComVest Venture Partners LP
Issuer & Ticker Symbol: drkoop.com, Inc. (KOOP)
Statement Date: August 22, 2000
Signature: /s/ Michael S. Falk
-----------------------------------------------------
Michael S. Falk
Name: RMC Capital, LLC
1640 Powers Ferry, Suite 125
Marietta, Georgia 30067
Designated Filer: ComVest Venture Partners LP
Issuer & Ticker Symbol: drkoop.com, Inc. (KOOP)
Statement Date: August 22, 2000
Signature: /s/ Robert Priddy
-----------------------------------------------------
Robert Priddy, Manager
Page 4 of 5
<PAGE> 5
Name: Robert Priddy
1640 Powers Ferry, Suite 125
Marietta, Georgia 30067
Designated Filer: ComVest Venture Partners LP
Issuer & Ticker Symbol: drkoop.com, Inc. (KOOP)
Statement Date: August 22, 2000
Signature: /s/ Robert Priddy
-----------------------------------------------------
Robert Priddy
Page 5 of 5
