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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[_] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Beyland Mark O.
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(Last) (First) (Middle)
105 North 28th Street
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(Street)
Van Buren, Arkansas 72956
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol Loislaw.com, Inc. ("LOIS")
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3. I.R.S. Identification Number of Reporting Person, if an entity
(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(s) to Issuer (Check all applicable)
X X
___ Director ___ Officer ___ 10% Owner ___ Other
(give title below) (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
Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 06/01/00 G 28,645 D - D
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Common Stock 06/27/00 M 50,000 A 2.91 D
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Common Stock 06/28/00 S 25,000(1) D 9.1875 D
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Common Stock 06/29/00 S 5,000(1) D 8.9375 D
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Common Stock 06/30/00 S 20,000(1) D 8.0313 231,315(2) D
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</TABLE>
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 person, see Instruction 4(b)(v)
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 control number.
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Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
Options under the 1996 Stock $19.19 04/01/00 A V 82,000
Option Plan (right to buy)
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Options under the 1996 Stock $2.91 06/27/00 M 50,000
Option Plan (right to buy)
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</TABLE>
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Securities ficial
(Instr. ficially Bene- Owner-
-------------------------------------------- 5) Owned ficially ship
Date Expira- Amount or at End Owned at (Instr.
Exer- tion Title Number of of End of 4)
cisable Date Shares Month Month(1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
(3) 04/01/10 Common Stock 82,000 82,000 D
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(4) 05/25/09 Common Stock 50,000 391,454 D
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</TABLE>
Explanation of Responses:
(1) A total of 50,000 shares of stock were sold during the month of June 2000
pursuant to a stock sales plan calling for non-discretionary sales of
certain limited quantities of stock at various times, subject to certain
terms and conditions. The plan had been previously submitted and approved
pursuant to the Loislaw.com, Inc. Insider Trading Policy.
(2) This amount includes 892 shares purchased during June 2000 in an exempt
transaction under the Company's Employee Stock Purchase Plan.
(3) Twenty-five persent (25%) of the total number of shares subject to the
option vests on April 1, 2001 and one forty-eighth (1/48th) of the total
number of shares subject to the option vests each month thereafter.
(4) Fifty percent (50%) of the total number of shares subject to the option
vested on May 25, 1999 and one forty-eighth (1/48th) of the total number of
shares subject to the option vests each month thereafter.
/s/ Mark O. Beyland 07/10/00
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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.
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
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