SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) October 31, 2000
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MEGADATA CORPORATION
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(Exact name of registrant as specified in its charter)
New York 000-07642 112208938
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
47 Arch Street, Greenwich, CT 06830
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 629-8757
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Not applicable (Former name or former address,
if changed since last report.)
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ITEM 5. OTHER EVENTS.
On October 31, 2000, G.S. Beckwith Gilbert, Chairman and Chief Executive Officer
of Megadata Corporation (the "Company"), exercised a warrant for 500,000 shares
of common stock of the Company (at the exercise price of $1.25 per share) in
exchange for cancellation of debt owed by the Company to Mr. Gilbert in the
amount of $625,000, which debt matured on October 31, 2000. The warrant was
originally issued to Mr. Gilbert by the Company in June 1997 as part of a
financing provided by Mr. Gilbert. The issuance of 500,000 shares upon exercise
of the warrant by Mr. Gilbert increased the number of outstanding shares of the
Company's common stock to 3,473,115.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MEGADATA CORPORATION
Dated: November 8, 2000 By: /s/ G.S. Beckwith Gilbert
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G.S. Beckwith Gilbert
Chairman and Chief Executive
Officer
