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OMB APPROVAL
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OMB Number 3235-0104
Expires: December 31, 2001
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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*
Padgett Nick
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(Last) (First) (Middle)
150 N. Michigan Avenue, Suite 3400
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(Street)
Chicago IL 60601
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
February 17, 2000*
* Anticipated effective date of Inforte Corp. Form 8-A
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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
Inforte Corp. (INFT)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
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>
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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 660,000 D
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* 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.
(Over)
(Form 3-07/98)
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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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<TABLE>
<CAPTION>
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>
Option Note 1 12/31/07 Common Stock 100,000 $.235 D
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Option Note 2 12/31/07 Common Stock 100,000 $.235 D
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Option 12/31/00 12/31/07 Common Stock 25,000 $.235 D
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Option 12/31/01 12/31/07 Common Stock 25,000 $.235 D
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Option 12/31/02 12/31/07 Common Stock 25,000 $.235 D
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</TABLE>
Explanation of Responses:
Note 1: Option vests in full upon the earlier of December 31, 2001 or
completion of Inforte's IPO.
Note 2: Option vests on the date that Inforte Corp. releases its eighth
quarterly statement of earnings as a public company after its IPO.
/s/ Stephen C.P. Mack February 16, 2000
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Stephen C.P. Mack, attorney-in-fact Date
for Nick Padgett
** 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.
Page 2
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SPECIAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned director, officer
or beneficial owner of more than 10% of the common stock of Inforte Corp. hereby
constitutes and appoints Stephen Mack, his true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution, for him and in his
name, place and stead, in any and all capacities, to sign (I) an Initial
Statement of Beneficial Ownership of Securities Form 3; (ii) any Statement of
Changes in Beneficial Ownership of Securities on Form 4, and (iii) any Annual
Statement of Changes in Beneficial Interest on Form 5, including any and all
amendments thereto, relating to equity securities of Inforte Corp. and to file
the same together with any other documents in connection therewith with the
Securities and Exchange Commission at any time through December 31, 2000.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 26 day
of January, 2000.
/s/ Nick Padgett
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Nick Padgett
