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FORM 4
[ ] Check this box if no ------------------------------------
longer subject to OMB APPROVAL
Section 16, Form 4 or ------------------------------------
Form 5 obligations may OMB Number 3235-0287
continue. See Instruction 1(b) Expires: September 30, 1998
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hours per response .............0.5
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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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
Pearce M. Lee
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(Last) (First) (MI)
5601 North Dixie Highway, Suite, Suite 411
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(Street)
Fort Lauderdale FL 33334
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SEAH
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3. IRS or Social Security Number
of Reporting Person (Voluntary)
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4. Statement for Month/Year | 5. If Amendment, Date of
| Original (Month/Year)
3/00 |
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6. Relationship of Reporting Person to Issuer (Check all applicable)
[ X ] Director [ X ] 10% Owner
[ ] Officer [ ] Other (specify below)
(give title below)
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7. Individual or Joint/Group Filing (Check Applicable Line
X Form filed by One Reporting Person
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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>
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Security | 2. Transaction Date | 3. Transaction Code | 4. Security Acquired (A) or Disposed
(Instr. 3) | (Month/Day/Year) | (Instr. 8) | of (D) (Instr. 3, 4 & 5)
| | |
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| | Code | V | Amount | (A) or| Price
| | | | | (D) |
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Class A Common Stock | 3/30/00 | P | | 771,428 | A | $4,050,000
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1. Title of Security | 5. Amount of Securities | 6. Ownership Form: | 7. Nature of Indirect Beneficial
(Instr. 3) | Beneficially Owned at | Direct (D) or | Ownership (Instr. 4)
| End of Month | Indirect (I) |
| (Instr. 3 & 4) | (Instr. 4) |
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Class A Common Stock | 29,739,847 | I | (1)
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(1) 700,000 of these shares are held by Broward Trading Corp., an entity owned 100% by Dr. Pearce, and 800,000 of these shares are
held by PearTan, LLC ("PearTan"), of which Dr. Pearce is a member. PearTan owns a total of 2,000,000 shares, of which Dr. Pearce
has a pecuniary interest in at least 800,000 shares (which is reflected in the foregoing table) and his pecuniary interest in
the remaining 1,200,000 shares is subject to agreement among the members of PearTan. The remainder of the shares is held by the
M. Lee Pearce 1998 Irrevocable Trust.
* If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
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FORM 4 (continued)
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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>
<S> <C> <C> <C> <C>
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1. Title of Derivative Security | 2. Conversion or | 3. Transaction Date | 4. Transaction | 5. Number of Derivative
(Instr. 3) | Exercise Price of | (Month/Day/Year) | Code (Instr.| Securities Acquired
| Derivative Security | | 8) | (A) or Disposed of
| | | | (D) (Instr. 3, 4 & 5)
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| | | Code | V | (A) | (D)
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Warrant/Subscription Right | $5.25 | 3/30/00 | P | | 1,133,333 |
===================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security | 6. Date Exercisable and | 7. Title and Amount of Underlying | 8. Price of Derivative
(Instr. 3) | Expiration Date | Securities (Instr. 3 & 4) | Security (Instr. 5)
| (Month/Day/Year) | |
| | |
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| Date | Expiration | Title | Amount or Number |
| Exercisable | Date | | of Shares |
| | | | |
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Warrant/Subscription Right | 3/30/00 | 3/30/02 | Class A | 1,133,333 | $5.25
| | | Common Stock | |
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security | 9. Number of Derivative | 10. Ownership Form of Derivative | 11. Nature of Indirect
(Instr. 3) | Securities Beneficially | Security: Direct (D) or | Beneficial Ownership
| Owned at End of Month | Indirect (1) (Instr. 4) | (Instr. 4)
| (Instr. 4) | |
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Warrant/Subscription Right | 1,133,333 | I | (1)
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</TABLE>
Explanation of Responses:
(1) The Warrant/Subscription Right, when issued, will be held by the M. Lee
Pearce 1998 Irrevocable Trust.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ M. Lee Pearce April 10, 2000
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M. Lee Pearce, M.D. Date
Note: File three copies of this form, one of which must be manually signed. If
space is insufficient, see Instruction 6 for procedure.
