FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[ ]Check this box if no longer STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
subject to Section 16. Form 4 or Form 5 obligations may Filed pursuant to
Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the
Public
continue. See Instructions 1(b) Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address 2. Issuer Name and Ticker 5. Relationship of Reporting
of Reporting or Trading Symbol Person(s) to Issuer
Person (Check all applicable)
[X] Director [ ] 10% Owner
Sinclair Dennis W. VirtualSellers.com, Inc. [X] Officer [ ] Other
(Last) (First) (Middle) (give (specify
title below) below)
President and
195 N. Harbour Drive, #903 3. I.R.S. Ident- Chief Executive Officer
(Street) ification Number of
Reporting Person, if 4. Statement for
an entity (Voluntary) Month/Year
Chicago Illinois 60601 N/A October 1999
(City) (State) (Zip)
6. If Amendment, Date of 7. Individual or Joint/
Original Group Filing
(Month/Day/Year) (Check applicable
- line)
[X] Form filed by One
Reporting person
[ ] Form filed by More
than One Reporting
Person
*If the Form is filed by more
than one Reporting Person,
see Instructions 4(b)(v)
TABLE I-NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<TABLE>
<CAPTION>
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
Security Date (Month/ Code or Disposed of (D) Securities Form: Indirect
(Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
Owned at End or Indirect Ownership
of Month (I)(Instr.4) (Instr. 4)
Code V Amount (A) or (D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Shares 01-10-2000 S 50,000 D $2.50 6,500,000 Direct -
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
(Print or Type Response) (Over)
FORM 4 (continued)
TABLE II-Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date Exercisable 7. Title and Amount
Derivative or Exercise Date Code Derivative and Expiration of Underlying
Security Price of (Month/Day (Instr. 8) Securities Date (Month, Securities
(Instr. 3) Derivative Year) Acquired (A) Day, Year) (Instr. 3 and 4)
Security or Disposed
(D) (Instr. 3,
4, and 5)
Code V (A) (D) Date Expir- Title Amount or
Exer- ation Number of
Code V cisable Date Shares
- ----------- ------------- ---------- ---- -- ---- ---- ------- ------ ----- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- - - - - - - - - - - -
8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr. 5) Beneficially Security: Ownership
Owned at Direct (D) or (Instr. 4)
End of Indirect (I)
Month (Instr. 4)
- ------------ ----------- ------------- -------------
<S> <C> <C> <C>
- - - - -
</TABLE>
Explanation of Responses:
** 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.
/s/ Dennis Sinclair January 13, 2000
- ------------------------------------ -------------------------
**Signature of Reporting Person Date