U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[_] Check box if no longer subject of 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*
Paladino, Albert E.
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(Last) (First) (Middle)
Telaxis Communications Corporation
20 Industrial Drive East
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(Street)
South Deerfield MA 01373
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(City) (State) (Zip)
Telaxis Communications Corporation TLXS
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2. Issuer Name and Ticker or Trading Symbol
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
July 2000
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4. Statement for Month/Year
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person 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
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<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock* 7/31/00 J(1) 3,826 A (1) 78,042 D
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Common Stock* 7/31/00 J(2) 165 A 78,042 D(2)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
<PAGE>
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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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- 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> <C>
Non-Qualified $31.28 6/21/00 A V 9,000 6/21/00 6/21/10 Common 9,000 79,198 D
Stock Option Stock
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Non-Qualified $28.50 7/20/00 A V 625 7/20/00 7/20/10 Common 625 79,198 D
Stock Option Stock
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Non-Qualified $31.28 6/21/00 A V 4 6/21/00 6/21/10 Common 4 79,198 D(2)
Stock Option Stock
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Non-Qualified $1.00 5/12/99 A 1 2/7/00 5/12/09 Common 1 79,198 D(2)
Stock Option* Stock
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Non-Qualified $1.00 1/16/98 A 1 2/7/00 1/16/08 Common 1 79,198 D(2)
Stock Option* Stock
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Warrant* $1.00 4/15/99 A 14 4/15/99 7/30/07 Common 14 79,198 D(2)
Stock
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Warrant* $1.00 7/16/99 A 14 7/16/99 7/30/07 Common 14 79,198 D(2)
Stock
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</TABLE>
Explanation of Responses:
(1) On July 31, 2000, Dr. Paladino received these shares by distribution from
Prism Venture Partners I, LP, a venture capital firm in which Dr. Paladino
has an interest (described below).
(2) As (a) 5% owner of Prism Venture Partners LLC, which is the General
Partner and 81.45% owner of Prism Investment Partners LP (" the General
Partner") which is the General Partner and 1% owner of Prism Venture Partners
1, LP and (b) 0.05% owner of the General Partner. Once certain conditions are
met, including the receipt of distributions totaling all invested capital to
the Limited Partners of Prism Venture Partners I, LP, the General Partner is
entitled to receive 20% of the gains of Prism Venture Partners I, LP.
*These holdings, which are due to Dr. Paladino's interest in Prism Venture
Parners I, LP described above , were inadvetently not reported on his Form 3
which was filed with the SEC on February 1,2000.
/s/ Albert E. Paladino 8/3/2000
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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 provided is insufficient, see Instruction 6 for procedure.
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