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FORM 4 OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES 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
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
Eger, John M.
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(Last) (First) (Middle)
c/o Coyote Network Systems, Inc.
4360 Park Terrace Drive
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(Street)
Westlake Village, CA 91361
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(City) (State) (ZIP)
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2. Issuer Name and Ticker or Trading Symbol
Coyote Network Systems, Inc. (CYOE)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year:
March 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (check applicable line)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I - Non-Derivative Securities Beneficially Owned
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4. Securities 5. Amount of 6. Ownership 7. Nature of
Acquired (A) or Securities Form: Indirect
3. Transaction Disposed of (D) Beneficially Direct Beneficial
Code (Instr.8) (Instr. 3, 4 and 5) Owned at End (D) or Ownership
-------------- -------------------- of Month Indirect (Instr. 4)
1. Title of Security 2. Transaction (A) (Instr. 3 (I)
(Instr. 4) Date (mm/dd/yy) Code V Amount or (D) Price and 4) (Instr.4)
------------------ --------------- ------ ------ ------ ------ ------ ------------ --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 03/13/00 S 3000 (D) $ 9.50 0 I (1)
------------------ --------------- ------ ------ ------ ------ ------ ------------ --------- ----------
Common Stock 03/14/00 S 2000 (D) $11.50 0 I (1)
------------------ --------------- ------ ------ ------ ------ ------ ------------ --------- ----------
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
<PAGE>
FORM 4 (Continued)
<TABLE>
<CAPTION>
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Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options, convertible
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9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock (2) Common
Option (2) $5.50 02/17/00 V 50,000 02/17/00 02/17/05 Stock 50,000 50,000 D
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- ------------------ -------- ------- ------ ----- ------ ------- ------- --------- ------- -------- --------- -------- -------
- ------------------ -------- ------- ------ ----- ------ ------- ------- --------- ------- -------- --------- -------- -------
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</TABLE>
Explanation of Responses:
(1) These shares were purchased on the open market prior to the reporting
person's election to the Company's Board of Directors and were held by John
M. & Mary Ann Eger Family Trust for the benefit of members of the reporting
person's immediate family. The reporting person is a trustee of the trust.
(2) On February 17, 2000, stock options to purchase 50,000 shares of the
Company's Common Stock were granted to the reporting person pursuant to the
Company's Equity Plan. Issuance of such shares is subject to shareholder
approval of the Company's amendment of its Certificate of Incorporation to
allow for the increase in the Company's authorized shares and subject to
shareholder approval of the Equity Plan.
/s/ John M. Eger 5/10/00
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(**)Signature of Reporting Person
** 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 is insufficient, see Instruction 6 for procedure.
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