UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Fingerhut Companies, Inc.,
4400 Baker Road
Minnetonka, MN 55343
2. Issuer Name and Ticker or Trading Symbol
Freeshop.com, Inc. (FSHP)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
10/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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>
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) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 10/01/99 X 1,586,156.00 A $2.209000 D Direct
Common Stock 10/01/99 C 1,925,712.00 A 5,131,255.00 D Direct
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Preferred Stock Series B $0.000000 10/01/99 C 1,925,712.00
Warrants (Right to Buy) $2.209000 10/01/99 X 1,586,156.00 12/31/00
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Preferred Stock Series B 10/01/99 Common Stock 1,925,712.00 0.00 D Direct
Warrants (Right to Buy) 10/01/99 Common Stock 1,586,156.00 0.00 D Direct
<FN>
Explanation of Responses:
- -
The amounts shown in Table I represent the beneficial ownership of the Issuer's equity securities by Fingerhut Companies, Inc.
Federated Department Stores, Inc. may be deemed to control Fingerhut by virtue of its ownership of 100% of Fingerhut's capital stock
and its corresponding right to elect Fingerhut's directors, and therefore, the Issuer's equity securities may be also deemed to be
beneficially owned by Federated.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
FINGERHUT COMPANIES, INC.
/S/ Michael P. Sherman
Executive Vice President
DATE 11/05/99
<PAGE>
Joint Filer Information
Name of Joint Filer: Federated Department Stores, Inc.
Address: 7 West Seventh Street
Cincinnati, OH 45202
Designated Filer: Fingerhut Companies, Inc.
Issuer & Ticker
Symbol: Freeshop.com, Inc. ("FSHP")
Date of Event
Requiring Statement: October 1, 1999
Federated Department Stores, Inc.
Signature: /s/Karen M. Hoguet
Karen M. Hoguet
Senior Vice President and
Chief Financial Officer
