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- ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 Washington, D.C. 20549 OMB APPROVAL
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[ ] Check this box if no STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number 3235-0287
longer subject to Section Expires: September 30, 1998
16. Form 4 or Form 5 Estimated average burden
obligations may continue. hours per response...... 0.5
See Instruction 1(b). ------------------------------
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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(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker 6. Relationship of Reporting Person(s) to Issuer
or Trading Symbol (Check all applicable)
DynamicWeb Enterprises, Inc. X Director X 10% Owner
Vanechanos, Steven L., Jr. DWEB ----- -----
X Officer (give
----- title below) ----- Other (specify
below)
Chairman of the Board and CEO
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year
Person (Voluntary)
92 Clarken Drive ###-##-#### 8/99
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (check applicable line)
(Month/Year) X Form Filed by One Reporting
----- Person
Form Filed by More than One
West Orange, NJ 07052 ----- Reporting Person
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(City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr.8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ Month Indirect Owner-
Year) (Instr. 3 and 4) (I) ship
(Instr. 4) (Instr. 4)
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(A) or
Code V Amount (D) Price
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Common Stock 8/19/1999 P 2,500 A $3 15/16 D
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Common Stock 8/19/1999 P 2,500 A $3 31/32 281,202 D
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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 4(b)(v). SEC 1474 (7/96)
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FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of Under-
Derivative sion or action tion Code ative Securities Ac- cisable and Ex- lying Securities
Security Exercise Date quired (A) or Dis- piration Date
(Instr. 3) Price of (Instr. 8) posed of (D) (Month/Day/ (Instr. 3 and 4)
Deriv- (Month/ Year)
ative Day/ (Instr. 3, 4, and 5)
Security Year)
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Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
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Code V (A) (D)
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8. Price 9. Number 10. Owner- 11. Na-
of of Deriv- ship ture
Deriv- ative Form of In-
ative Secur- of De- direct
Secur- ities rivative Bene-
ity Bene- Secu- ficial
ficially rity: Own-
(Instr. Owned Direct ership
5) at End (D) or
of Indi- (Instr. 4)
Month rect (I)
(Instr. 4) (Instr 4.)
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Explanation of Responses:
Steven L. Vanechanos, Jr. 8/20/99
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**Signature of Reporting Person Date
Steven L. Vanechanos, Jr.
** 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 valid OMB number. SEC 1474 (7/96)
HARTFORD 32375.02
