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Previous: SPECTRUM INFORMATION TECHNOLOGIES INC, 4, 1999-01-14 |
Next: SPECTRUM INFORMATION TECHNOLOGIES INC, 4, 1999-01-14 |
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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
<S> <C> <C>
OMB APPROVAL
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES OMB Number:3235-0104
Expires:September 30, 1998
Estimated average burden
hours per response.....0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
(Print or Type Responses) 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* 2. Date of 4. Issuer Name AND Ticker or Trading Symbol
Event Re- Spectrum Information Technologies, Inc.
Powers Barclay V. quiring SITI
Statement
(Month/Day/Year)
12/12/98
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<S> <C> <C>
(Last) (First) (Middle) 5. Relationship of Reporting 6. If
Person(s) to Issuer Amendment,
(check all applicable) Date of
665 Walther Way Original
______ Director __X__ 10% Owner (Month/
______ Officer (give _____ Other (Specify Day/Year)
title below) below)
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(Street) 3. IRS or 7. Individual or Joint/Group Filing
Social Se- (Check applicable Line)
curity _X_ Form filed by One Reporting Person
Los Angeles CA 90048 Number of ___ Form filed by More than One
Reporting Reporting Person
Person
(Voluntary)
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(City (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Securities Form: (Instr. 5)
Beneficially Direct
Owner (D) or
(Instr. 4) Indirect
(Instr. 5)
Common Stock 995,000 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1473 (9-98)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS,
CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) Exercisable and Securities Underlying or Exercise Form of Indirect
Expiration Derivative Security Price of Derivative Beneficial
Date Instr. 4) Derivative Security: Ownership
(Month/Day/Year) Security Direct (D) (Instr. 5)
or Indirect
(I) Instr. 5)
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<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
Date Expira- Amount
Exer- tion Title or
cisable Date Number
of
Shares
Common Stock Option (right to buy) immed. 12/11/03 Common Stock 690,000 $0.15 D
Explanation of Responses:
/s/ Barclay V. Powers 1/13/99
** Intentional misstatements or omissions of facts constitute --------------------------------- -----------
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently Page 2
valid OMB Number. SEC 1473 (9-98)
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