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*
SVM Star Ventures Management GmbH No. 3
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(Last) (First) (Middle)
Possartstrasse 9 D-81679
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(Street)
Munich Germany
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Telaxis Communications Corporation TLXS
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3. IRS Identification Number of Reporting Person, if an Entity (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 to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] 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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<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 3/21/00 x 40,000 A $1.00 623,724 I (1)
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489,426 D (2)
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517,992 I (3)
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1,111,111 I (4)
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91,963 I (5)
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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>
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Warrent 1.00 3/21/00 x 20,000 4/15/99 7/30/07 Common 20,000 O
(6) Stock
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Warrent 1.00 3/21/00 x 20,000 7/16/99 7/30/07 Common 20,000 O
(6) Stock
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</TABLE>
Explanation of Responses:
(1)Shares held by SVE Star Ventures Enterprises No. VII. This filing made by
SVE Star Ventures Enterprises No. VII shall not be deemed an admission that
it is, for purposes of Section 16 or otherwise, the beneficial owner of all
the equity securities covered by this statement.
(2) Shares held by SVM Star Ventures Management GmbH No.3. SVM Star Ventures
Management GmbH No.3 manages the affairs of SVE Star Ventures Enterprises No.
V, a German Civil Law Partnership, SVE Star Ventures Managementgesellschaft
mbh Nr.3 & Co, Betellgungs KG Nr.2 SVE Star Ventures Enterprises No. VII, A
German Civil Law partnership and Star Growth Enterprise, a German Civil Law
Partnership. Dr. Meir Barel is the sole director of SVM Star Ventures
Management GmbH No. 3, and may be deemed to be the beneficial owner of shares
reflected on this Form 4, but Dr. Barel expressly disclaims beneficial
ownership of all shares except for 22,222 shares held in trust by SVM Star
Ventures Management GmbH No.3 for the benefit of Dr. Barel.
(3) Shares held by SVE Star Ventures Enterprises No. V.
(4) Shares held by Star Growth Enterprise.
(5) Shares held by Sve Star Ventures Managementgesellschaft mbh Nr.3 & Co.
Betellgungs KG Nr.2.
<PAGE>
(6) On March 21, 2000, SVE Star Ventures Enterprises No. VII exercised two
warrents to acquire a total of 40,000 shares of common stock.
/s/ Dr. Meir Barel 3/21/00
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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.
Page 2
JOINT FILER INFORMATION
SVM Star Ventures Management Gmbh No. 3
Possartstrasse 9
D-81679
Munich, Germany
Statement for Month/Year: March 2000
Issuer Name and Ticker symbol: Texlaxis Communications Corporation ("TLXS")
Name: Dr. Meir Barel
Address: c/o SVM Star Ventures Management Gmbh No. 3
Possartstrasse 9
D-81679 Munich
Germany
Designated Filer: SVM Star Ventures Management Gmbh No. 3
Issuer & Ticker
Symbol: Telaxis Communications Corporation (TLXS)
Statement for
Month/Year March 2000
/s/Dr. Meir Barel
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Dr. Meir Barel
