UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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 Instructions 1(b).
1. Name and Address of Reporting Person
Werner, Seth S
1643 North Harrison Parkway
Sunrise, FL 33323
USA
2. Issuer Name and Ticker or Trading Symbol
Mortgage.com, Inc.
MDCM
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
May, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chief Executive Officer
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>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock | | | | | | |1,382,500 |I |by Seth Werner Revocable Tr|
| | | | | | | | |ust |
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Common Stock |05/11/|P | |10,000 |A |$1.6563 |15,000 |I |by Pretoria 459 Corp. |
|00 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$0.79 |04/25|A | |350,000 |A |(1) |04/25|Common Stock|350,000| |350,000 |D | |
(right to buy) | |/96 | | | | | |/06 | | | | | | |
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Employee Stock Option |$1.64 |05/20|A | |350,000 |A |(2) |05/20|Common Stock|70,000 | |420,000 |D | |
(right to buy) | |/98 | | | | | |/08 | | | | | | |
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Employee Stock Option |$2.14 |02/28|A | |700,000 |A |(3) |02/28|Common Stock|140,000| |560,000 |D | |
(right to buy) | |/99 | | | | | |/09 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Options for the entire 350,000 shares were fully vested and exercisable on
September 3, 1998.
(2) Options for 70,000 shares were exercisable on May 20, 1999; the remaining
280,000 shares vest in four equal annual installments of 70,000
shares each year commencing on May 20,
2000.
(3) Options for 140,000 were exercisable on February 28, 2000; the remaining
560,000 shares vest in four equal annual installments of 140,000
shares each year commencing on February 28,
2001.
SIGNATURE OF REPORTING PERSON
/s/ Seth Werner by Edward T. Kirchmier, Atty.-in-fact
DATE
June 8, 2000
