U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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
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1. Name and Address of Reporting Person*
Inwentash Sheldon
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(Last) (First) (Middle)
c/o Pinetree Capital Corporation
130 King Street West, Suite 2810
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(Street)
Toronto Ontario M5X 1A9 Canada
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
April 5, 2000
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
SoftQuad Software, Ltd. (SXML)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
Vice President
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
|X| Form filed by One Reporting Person
|_| Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Common Stock 100,000 I Held by Pinetree Capital Corporation
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</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.
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<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option (right to buy) (1) 2/25/10 Common Stock 120,000 $1.44 I Held by
1359489
Ontario, Inc.
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Stock Option (right to buy) (1) 2/25/10 Common Stock 80,000 $1.44 D
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Exchangeable Shares of (3) (4) Common Stock 2,670,560 1-for-1 I Held by
SoftQuad Acquisition Corp., Pinetree
an Ontario, Canada Capital
corporation(1) Corporation
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</TABLE>
Explanation of Responses:
(1) One-third of the options become exercisable on each of 02/25/01, 02/25/02
and 02/25/03.
(2) A subsidiary of SoftQuad Software, Ltd.
(3) Exchangeable at any time for shares of common stock.
(4) Exchangeable shares are redeemable by SoftQuad Acquisition Corp. on
04/05/04.
By: /s/Sheldon Inwentash 12/18/00
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** Signature of Reporting Person Date
** 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 procedure.
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