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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check his box if no longer subject to Section 16. Form 4 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 Person
FREEMAN RICHARD P.
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(Last) (First) (Middle)
5210 WILLIAMS CIRCLE, STE 200
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(Street)
TUCSON, AZ 85711
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(City (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
WAVETECH INTERNATIONAL, INC. (ITEL)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
04/99
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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 [ ] 10% Owner
[ ] Other (specify below) [X] Officer (give title below)
VICE-PRESIDENT, INVESTOR RELATIONS, PRODUCT DEVELOPMENT
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<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. 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
(Month/ (Instr. 8) Owned at Direct Bene-
Day End of (D) or ficial
Year) Month Indirect Owner-
(A) or (Instr. 3 and 4) (I) ship
Code V Amount (D) Price (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 4/13/99 S 1200 D 2.56 200,094 D
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Common Stock 4/13/99 S 2000 D 2.50 198,094 D
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Common Stock 4/13/99 S 2001 D 2.31 196,093(1) D
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</TABLE>
(1) Total amount includes 163,947 shares held directly by Mr. Freeman and 33,333
options to purchase common shares. All share amounts on this Form 4 reflect
the one-for-six reverse stock split which was effective December 18, 1998.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
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<TABLE>
<CAPTION>
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
(Instr. 3) sion or action tion Code ative Securities Ac-
Exercise Date (Instr. 8) quired (A) or Dis-
Price of (Month/ posed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year) ------------------------------------
Security Code V (A) (D)
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<S> <C> <C> <C> <C> <C>
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<CAPTION>
6. Date Exer- 7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Na-
cisable and Ex- lying Securities of of Deriv- ship ture
piration Date (Instr. 3 and 4) Deriv- ative Form of In-
(Month/Day/Year) ative Secur- of De- direct
--------------------- --------------------------- Secur- ities rivative Bene-
Date Expira- Amount or ity Bene- Secu- ficial
Exer- tion Title Number of (instr. ficially rity: Own-
cisable Date Shares 5) Owned Direct ership
at End (D) or (Instr. 4)
of Indi-
Month rect (I)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</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/ Richard P. Freeman May 6, 1999
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**Signature of Reporting Person Date
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