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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
- ------------------------------- Washington, D.C. 20549 ----------------------------------
OMB Number 3235-0287
Expires: April 30, 1997
[ ] Check this box if no longer STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
subject to Section 16. Form 4 hours per response.........0.5
or Form 5 obligations may ----------------------------------
continue. 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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1. Name and Address of Reporting 2. Issuer and Name and Ticker or 6. Relationship of Reporting Person to Issuer
Person Trading Symbol (Check all applicable)
WECHSLER NORMAN J. INTELLICORP, INC. (INAI)
__X__ Director __X__ 10% Owner
_____ Officer (give _____ Other (specify
title below)
below)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year
105 South Bedford Road Person (Voluntary)
August, 1996
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(Street) 5. If Amendment,
Date of Original
Mt. Kisco New York 10549 (Month/Year)
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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/ Code V Amount (A) or Price Month Indirect Owner-
Year) (D) (I) ship
(Instr. 3 and 4) (Instr. 4) (Instr. 4)
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See footnote (1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
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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 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exercisable
Security (Instr. 3) sion or action tion Code ative Securities and Expiration
Exercise Date (Instr. 8) Acquired (A) or Date
Price of (Month/ Disposed of (D)
Deriv- Day/ (Month/Day/
ative Year) (Instr. 3, 4 and 5) Year)
Security
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Date Expira-
Exer- tion
cisable Date
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Code V (A) (D)
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Warrant (Right to Buy) $3.50 08-07-96 J(2) 470,000 08-07-96 06-27-06
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Series A Convertible $1.55 08-07-96 J(3) 379,032 Immed.
Preferred Stock
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Senior Convertible Note $1.55 08-07-96 J(3) $1,175,000 Immed. 04-30-03
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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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7. Title and Amount of Under- 8. Price 9. Number of 10. Owner- 11. Na-
lying Securities of Derivative ship ture
Deriv- Securities Form of In-
(Instr. 3 and 4) ative Beneficially of De- direct
Secur- Owned at rivative Bene-
ity End of Secu- ficial
(Instr. Month rity: Own-
5) Direct ership
(Instr. 4) (D) or
Indi- (Instr. 4)
rect (I)
(Instr. 4)
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Amount or
Title Number of
Shares
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Common 470,000 (2) 470,000 D
Stock
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Common 758,064 (3) 379,032 D
Stock
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Common 758,064 (3) $975,000 D
Stock
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Explanation of Responses:
(1) This report does not restate information with respect to Non-Derivative Securities beneficially owned at the end of the month,
if previously reported by the undersigned.
(2) Grant to the undersigned of a warrant to purchase 470,000 shares of Common Stock, $.001 par value, of the Issuer.
(3) Exchange by the undersigned of $1,175,000 of the Issuer's Senior Convertible Note for 379,032 shares of Series A Preferred
Stock, $.001 par value, of the Issuer.
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/s/ NORMAN J. WECHSLER September 12, 1996
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** Signature of Reporting Person Date
Norman J. Wechsler
** 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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SEC 1474 (8-92)
