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-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 3 WASHINGTON, D.C. 20549 OMB APPROVAL
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number: 3235-0104
Expires: December 31, 2001
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden
Section 17(a) of the Public Utility Holding Company Act of 1935 or hours per response .... 0.5
(Print or Type Responses) Section 30(f) of the Investment Company Act of 1940 -----------------------------
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name and Ticker or Trading Symbol
quiring Statement
Entman Frederick (Month/Day/Year) H Power Corp. ("HPOW")
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(Last) (First) (Middle) 8/8/00 5. Relationship of Reporting Person(s) 6. If Amendment, Date
----------------------- to Issuer (Check all applicable) of Original
3. IRS Identification Director X 10% Owner (Month/Day/Year)
Number of ---- ----
260 Titlou Road Reporting Person, Officer (give Other (specify ---------------------
------------------------------------------------- if an entity title below) below) 7. Individual or
(Street) (voluntary) ---- ---- Joint/Group Filing
Form filed by One
--------------------------- X Reporting Person
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Form filed by
More than One
Reporting Person
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South Orange, NJ 07079
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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Common Stock, $0.001 par value per share 285,625 D
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Common Stock, $0.001 par value per share 375,000 I In trust for Self
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Common Stock, $0.001 par value per share 3,125,000 I In trust for Spouse(1)
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Common Stock, $0.001 par value per share 2,875,000 I By Children (2)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v). SEC 1473 (3-99)
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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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- or Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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Options to Purchase Common Currently 5/31/01 Common Stock 250,000 $2.50 D
Stock, $0.001 par value per $0.001 par value
share per share
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Options to Purchase Common Currently 5/31/04 Common Stock 500,000 $3.00 D
Stock, $0.001 par value per $0.001 par value
share per share
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Options to Purchase Common Currently 3/8/05 Common Stock 300,000 (3) D
Stock, $0.001 par value per $0.001 par value
share per share
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Options to Purchase Common Common Stock 31,125 I By Children
Stock, $0.001 par value per $0.001 par value
share per share
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Explanation of Responses: (1) The 3,125,000 shares of Common Stock are held in trust by Elise Entman, the spouse of the Reporting
Person. Mr. Entman disclaims beneficial ownership of the shares of Common Stock held by the trust for
purposes of Section 16 of the Securities Exchange Act of 1934 and for all other purposes.
(2) The 2,875,000 shares of Common Stock are held by Brian Entman (1,437,500 shares) and Scott Entman
(1,437,500 shares), the children of the Reporting Person. Mr. Entman disclaims beneficial ownership
of the shares of Common Stock held by his children for purposes of Section 16 of the Securities
Exchange Act of 1934 and for all other purposes.
(3) The options to purchase 300,000 shares of common stock held by Frederick Entman are exercisable at
a price per share equal to the initial public offering price of H Power Corp.'s common stock, assumed
for purposes of this table to be $12.00 per share.
/s/ Frederick Entman 8/1/00
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**Intentional misstatements or omissions of facts constitute Federal **Signature of Reporting Person Date
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 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 valid OMB Number. Page 2
SEC 1473 (3-99)
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