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Form 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
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OMB Number: 3235-0287
[_] Check this box if no Expires: September 30, 1998
longer subject to STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
Section 16. Form 4 or hours per response... 0.5
Form 5 obligations Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ----------------------------
may continue. Section 17(a) of the Public Utility
See Instruction 1(b) Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading 6. Relationship of Reporting Person(s)
Symbol to Issuer (Check all applicable)
Benouis, James O.
Silicon Valley Research, Inc. - SVRI [_] Director [_] 10% Owner
- ----------------------------------------- [x] Officer (give [_] Other (specify
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for title) below)
Number of Reporting Month/Year
7608 HWY 71 West Person (Voluntary) April 2000 President, Chief Executive Officer
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(Street) 5. If Amendment, Date of Original 7. Individual or Joint/Group Filing
Austin, TX 78735 (Month/Year) (Check Applicable Line)
- ----------------------------------------- [x] Form filed by One Reporting
(City) (State) (Zip) Person
[_] 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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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) Owned at Direct Ownership
(Month/ End of Month (D) or
Day/ Indirect (I)
Year) Code V Amount (A) or (D) Price (Instr. 3 and 4) (Instr. 4) (Instr. 4)
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Common Stock 4/13/00 X 6,072 A $0.125 D
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Common Stock 4/19/00 X 354,862 A $0.125 2,135,755 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
(Over)
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 Derivative Security 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action action ative Securities Ac- cisable and
Exercise Date Code quired (A) or Dis- Expiration
Price of (Instr. 8) posed of (D) Date
Deri- (Month/ (Instr. 3,4 and 5) (Monthly/Day/
vative Day/ Year)
Security Year)
Date Expira-
Exer- tion
cisable Date
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Code V (A) (D)
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Warrant to Purchase Common Stock $0.125 4/13/00 X 6,072 9/24/99 6/15/04
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Warrant to Purchase Common Stock $0.125 4/19/00 X 354,862 9/24/99 6/15/04
7. Title and Amount of 8. Price of 9. Number of 10. Ownership Form 11. Nature of
Underlying Securities Derivative derivative of Derivative Indirect
(Instr. 3 and 4) Security Securities Secuirty: Beneficial
(Instr. 5) Beneficially Direct (D) or Ownership
Title Amount of Owned at End Indirect (I) (Instr. 4)
Number of of Month (Instr. 4)
Shares (Instr. 4)
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Warrant to Purchase Common Stock Common Stock D
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Warrant to Purchase Common Stock Common Stock 413,329(1) D
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Explanation of Responses:
(1) Exercisable within 60 days of filing date.
/s/ James O. Benouis May 4, 2000
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**Signature of Reporting Person Date
** 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.
required to respond unless the form displays a currently valid OMB Number.
SEC 1474 (7-96)
