U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Aronowitz Michael
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(Last) (First) (Middle)
26 Sutherland Drive
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(Street)
Highland Mills NY 10930
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Saleoutlet.Com, Inc.
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
June, 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
President and CEO
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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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<PAGE>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g. puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
4. 5. 6.
Securities Amount of Owner-
Acquired (A) or Securities ship
3. Disposed of (D) Beneficially Form; 7.
Transaction (Instr. 3, 4 and 5) Owned at Direct Nature of
2. Code --------------------- End of (D) or Indirect
1. Transaction (Instr. 8) (A) Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 and (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) 4) (Instr. 4) (Instr. 4)
<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock 6/22/00 P 500 A $1.19 D
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Common Stock 6/23/00 P 3,000 A $1.25 1,563,500 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction 4 (b)
(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. 7. Deriv- of
Conver- 5. Title and ative Deriv- 11.
sion Number of Amount of Secur- ative Nature
or Derivative 6. Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired Exercisable and (Instr. 3 and 4)of ficially Direct direct
Price Trans- action (A) Expiration Date ----------------Deriv- Owned (D) or Bene-
1. of action Code or Disposed (Month/Day/Year) ative at End In- ficial
Title of Deriv- Date (Instr. of (D) ------------------ Amount or Secur- of direct Owner-
Derivative ative (Month/ 8) (Instr.3, 4 Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ and 5) Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V -------------cisable Date Title Shares 5) 4) 4) 4)
(A) (D)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option 6/21/00 T A 6/21/00 6/21/10 common 100,000 $1.25 650,000 D
</TABLE>
<PAGE>
Explanation of Responses:
/s/ Michael Aronowitz July 5, 2000
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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 procedures.
Alternatively, this Form is permitted to be submitted to the commission
in electronic format at the option of the reporting person pursuant to
rule 101(b) (4) of Regulation S-T.
Potential persons who are to respond to the collection of information contained
in this Form are not required to respond unless the form displays a currently
valid OMB Number.
SEC-forms\Form 4
