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
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1. Name and Address of Reporting Person*
Khanna Sudhir
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(Last) (First) (Middle)
6407 Alderwood Trail
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(Street)
Mississauga Ontario L5N 6W9
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(City) (State) (Zip)
Newsgurus.com, Inc., No ticker or trading symbol as the Issuer is not yet quoted
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2. Issuer Name and Ticker or Trading Symbol
N/A
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
02/2000
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4. Statement for Month/Year
N/A
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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 [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
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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 ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 525,000 Direct
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
<PAGE>
FORM 4 (continued)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Right to
exercise $1.00 Feb. 01, J(2) 200,000 Vest at Feb. 01, -- -- $1.00 200,000 Direct N/A
options for 2000 12.5% every 2005
common stock 3 months for
2 years
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Units for
common $0.05 Feb. 01, J(1) 500,000 See note (1) See note -- -- $0.05 500,000 Direct N/A
stock, see 2000 (1)
note (1)
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</TABLE>
EXPLANATION OF RESPONSES:
NOTE (1):
Mr. Khanna subscribed for 500,000 units of Newsgurus.com, Inc. at a price of
$0.05 per unit. Each unit shall consist of one common share in the capital stock
of Newsgurus.com, Inc. and one non-transferable share purchase "A" warrant. Each
warrant remains valid for FIVE (5) YEARS from the Start Date. Mr. Khanna is
entitled to purchase one (1) common share in the capital of Newsgurus.com, Inc.
at a price of $1.00 per share, for each two (2) "A" warrants so held, no more
than 150,000 of such "A" warrants to be exercised before February 25, 2002; and,
no more than 135,000 such "A" warrants to be exercised during the twelve month
period commencing February 25, 2002; and, no more than 135,000 such "A" warrants
to be exercised during the twelve month period commencing February 25, 2003; and
no more than 400,000 such "A" warrants to be exercised during the twelve month
period commencing February 25, 2004.
NOTE (2):
Grant of stock options.
/s/ Sudhir Khana August 11, 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 procedure.
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