OMB APPROVAL
-----------------------------
OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
------------------------------
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
Troberman Rick H.
- ----------------------------------------------------------------------
(Last) (First) (Middle)
3737 Grader Street, Suite 110
- ----------------------------------------------------------------------
(Street)
Garland Texas 75041
- ----------------------------------------------------------------------
(City) (State) (Zip)
======================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
May 1, 2000
======================================================================
3. IRS Identification Number of Reporting Person,
if an entity (voluntary)
======================================================================
4. Issuer Name and Ticker or Trading Symbol
ASD Systems, Inc. (ASDS)
======================================================================
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Executive Vice President of Sales and Marketing
-----------------------------------------------
=====================================================================
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>
<CAPTION>
=================================================================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
=================================================================================================================================
2. 3.
1. Amount of Securities Ownership Form
Title of Security Beneficially Owned Direct (D) or 4.
(Instr. 4) (Instr. 4) Indirect (I) Nature of Indirect Beneficial Ownership
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
=================================================================================================================================
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).
</TABLE>
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
====================================================================================================================================
3.
Title and Amount
2. of Securities
Date Exercisable and Underlying 5.
Expiration Date Derivative Security 4. Ownership
(Month/Day/Year) (Instr. 4) Conversion Form of 6.
1. -------------------- ------------------- or Exercise Derivative Nature
Title of Date Expira- Amount or Price of Security: of Indirect
Derivative Security Exer- tion Number of Derivative Direct (D) Beneficial
(Instr. 4) cisable Date Title Shares Security or Indirect (I) Ownership
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Options Common
(Right to Purchase)(1) (2) 05/01/2010 Stock 450,000 $ 2.94 D
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
=================================================================================================================================
</TABLE>
Explanation of Responses:
(1) Represents options granted to the Reporting Person upon appointment
as Executive Vice President of Sales and Marketing of Issuer.
(2) The options vest in four equal annual installments beginning May 1, 2001.
By: /s/ JAMES H. MCALISTER, ATTORNEY-IN-FACT May 11, 2000
------------------------------------------ ------------------
James H. McAlister, as Attorney-in-Fact Date
for Rick H. Troberman pursuant to Power
of Attorney attached hereto as Exhibit A
**Signature of Reporting Person
** 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 provided is insufficient, see Instruction 6
for procedures.
<PAGE>
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby
constitutes and appoints each of David E. Bowe and James H. McAlister,
signing singly, the undersigned's true and lawful attorney-in-
fact to:
(1) execute for and on behalf of the undersigned, in
the undersigned's capacity as an officer, director or
ten percent shareholder of ASD Systems, Inc. (the
"Company"), Forms 3, 4, and 5 in accordance with
Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder;
(2) do and perform any and all acts for and on behalf
of the undersigned which may be necessary or desirable
to complete and execute any such Form 3, 4, or 5 and
timely file such form with the United States Securities
and Exchange Commission and any stock exchange or
similar authority; and
(3) take any other action of any type whatsoever in
connection with the foregoing which, in the opinion of
such attorney-in-fact, may be of benefit to, in the
best interest of, or legally required by, the
undersigned, it being understood that the documents
executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be
in such form and shall contain such terms and
conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and
thing whatsoever requisite, necessary, or proper to be done in
the exercise of any of the rights and powers herein granted, as
full to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution
or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-
fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any
of the undersigned's responsibilities to comply with Section 16
of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4,
and 5 with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier
revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 1st day of May, 2000.
/s/ RICK H. TROBERMAN
---------------------------------
Signature
Rick H. Troberman
---------------------------------
Print Name