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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
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1. Name and Address of Reporting Person*
RUTSTEIN, C. LAWRENCE
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(Last) (First) (Middle)
7000 W. Palmetto Park Road, Suite 501
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(Street)
Boca Ratan, Florida 33433
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(City) (State) (Zip)
iiGroup, Inc. (IIGR)
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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)
06/00
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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 [X] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice Chairman
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by 1 Reporting Person
[ ] Form Filed by More than 1 Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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4.
Securities 5.
3. Acquired (A) Amount of 6.
Transaction or Disposed Securities Owner-
2. Code of (D) Beneficially Ship
1. Transaction (Instr. 8) (Instr. 3,4,5) Owned at Form
Title of Security Date ---------------- --------------------- End of Month D or I
(Instr. 3) (mm/dd/yy) Code V Amount A/D Price (Instr. 3 and 4) (Inst. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 06/30/00 C 18,218 A 618,206 D
$.01 par value
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Common Stock 224,670(1) D
$.01 par value
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Common Stock 1,100,000(2) I
$.01 par value
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(1) Held jointly with Mr. Rutstein's wife, Ronna Rutstein.
(2) Represents Mr. Rutstein's proportionate interest in 3,100,006 shares of
the Issuer's common stock held by MCG Partners, Inc., of which Mr. Rutstein
is an officer and principal shareholder.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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<TABLE>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. 6.
Number of Date 7.
2. 4. Derivative Exercisable and Title and Amount of
Conver- Trans- Securities Expiration Date Underlying Securities
1. sion or 3. action Acquired (A) (mm/dd/yy) (Instr. 3 and 4)
Title of Exercise Trans- Code or Disposed of ----------------- -------------------------
Derivative Price of action (Inst. 8) (Instr. 3, 4, 5) Date Expira- Amount or
Security Derivative date ----------- ------------- Exer-- tion Number of
(Instr. 3) Security (m/d/y) Code V (A) (D) cisable Date Title Shares
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6%
Convertible Common
Notes $26,028 06/30/00 C (D) $26,028 Stock 52,054
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<TABLE>
<CAPTION>
9. 10.
Number of Ownership
Derivative Form of 11.
8. Securities Derivative Nature of
Price of Beneficially Security: Indirect
Derivative Owned at End Direct (D) Beneficial
Security of Month of Indirect (I) Ownership
(Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C>
-0- I (1)
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(1) MCG Partners, Inc., of which Mr. Rutstein is an officer and principal
stockholder, converted $25,000 principal amount of notes, together with
accrued interest of $1,028, into 52,054 shares of common stock, 18,218 of
which shares are held by Mr. Rutstein directly.
Explanation of Responses:
/s/ C. Lawrence Rutstein October 23, 2000
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C. Lawrence Rutstein Date
**Signature of Reporting Person
**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.
