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Previous: SPECTRUM INFORMATION TECHNOLOGIES INC, 3, 1999-01-14 |
Next: SUMMIT TECHNOLOGY INC, 8-K/A, 1999-01-14 |
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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
[ ] Check this box if no longer OMB APPROVAL
subject to Section 16.
Form 4 or Form 5 obligations
may continue.
See Instruction 1(b). STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
Expires: September 30, 1998
Filed pursuant to Section 16(a) of the Securities Estimated average burden
Exchange Act of 1934, Section 17(a) of the Public hours per response.......0.5
Utility (Print or Type Responses) Holding Company ----------------------------
(Print or Type Responses) 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. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting
Person(s) to Issuer
Drabkin, Mikhail Spectrum Information Tech., Inc. (check all applicable)
SITI
(Last) (First) (Middle) ( ) Director ( ) 10% Owner
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<S> <C> <C> <C> <C>
3. IRS or Social 4. Statement for (X) Officer (give ( ) Other
415 East Middlefield Road Security Number Month/Year title below) (Specify
of Reporting below)
(Street) Person (Voluntary) 12/98
_______Resigned _________
Mountain View CA 94043
5. If Amendment, 7. Individual or Joint/Group
(City) (State) (Zip) Date of Filing (Check Applicable Line)
Original (X) Form filed by One
(Month/Year) Reporting Person
( ) Form filed by More than
One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action Code (Inst.8) (A) or Disposed of Securities ship Form: Indirect
Date (D) (Instr.3,4 and 5) Beneficially Direct (D) Beneficial
Owned at or Indirect Owner-
End of Month (I) ship
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(Month/ (A) or
Day/ Code V Amount (D) Price
Year) (Instr.3 and 4) (Instr. 4) (Instr. 4)
----------------- ------- ----- ----- ------ ---- ----- --------------- ----------- -----------
Common Stock 54,297 D
Reminder: Report on a separate line for each class of securities beneficially owned
directly or indirectly. *If the form is filed by more than one reporting person, (OVER)
see Instruction 4(b)(v). SEC 1474 (9-98)
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FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Cover- 3. Trans- 4. Trans- 5. Number of Deri- 6. Date Exer-
Security (Instr.3) sion or action action vative Securities cisable and
Exercise Date Code Acquired (A) or Expiration
Price of (Instr.8) Disposed of (D) Date
Deri- (Month/ (Instr.3,4, and 5) (Month/Day/
vative Day/ Year)
Security Year)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Date Expira
Code V (A) (D) Exer- tion
cisable Date
- ------------------------ ------------ --------- ---- ---- ----- ----- -------- ------
Stock Option $2.15 8/12/97 2/15/99
Stock Option $ .35 12/11/98 A 47,638 12/11/97 12/11/03
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<S> <C> <C> <C> <C> <C>
7. Title and Amount 8. Price 9. Number 10. Owner- 11. Nature
of Underlying of of deri- ship of
Securities Deri- vative Form of Indirect
(Instr. 3 and 4) vative Secur- Deri- Benefi-
Secur- ities vative cial
ity Bene- Security: Owner-
(Instr.5) ficially Direct ship
Owned (D) or (Instr.4)
at End Indirect
of (I)
Month (Instr.4)
(Instr.4)
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<S> <C> <C> <C> <C> <C> <C>
Title Amount or
Number of
Shares
------ --------- ------------ ---------- ----------- ------------
Common 10,224 10,224 D
Stock
Common 47,638 47,638 D
Stock
Explanation of Responses:
** Intentional misstatements or omissions of facts
constitute Federal Criminal Violation /s/ Mikhail Drabkin 1/14/99
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- ----------
Note: File three copies of this Form, one of which Signature of Reporting Person Date
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 valid OMB Number. Page 2
SEC 1474 (9-98)
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