UNITED STATES 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
/ / Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
1. Name and Address of Reporting Person*
Finelt Harold
(Last) (First) (Middle)
c/o American Research & Development Corporation
45 Milk Street
(Street)
Boston Massachusetts 02109
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Medialink Worldwide Incorporated (MDLK)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
05/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/X/ Director / / 10% Owner
/ / Officer (give title below) / / Other (specify below)
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<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
4. Securities Acquired
3. Transaction (A) or Disposed of (D)
2. Trans- Code (Instr. 3, 4 and 5)
action (Instr. 8) -------------------------
Date ------------- (A) or
1. Title of Security (Instr.3) (Month/Day/Year) Code V Amount (D) Price
--------------------------- ---------------- ----- ----- ------- ------- ------
<S> <C> <C> <C> <C> <C> <C>
Common Stock 05/05/97 J* 545,070 D $7.50
05/05/97 J* 61,224 A 7.50
<CAPTION>
5. Amount 6. Ownership
of Secu- Form:
rities Direct 7. Nature of
Beneficially (D) or Indirect
Owned At End Indirect Beneficial
of Month (I) Ownership
(Instr. 3 and 4) (Instr. 4) (Instr. 4)
----------- ------------ ------------
<S> <C> <C>
I *
61,224 D**
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
*If the form is filed by more than one reporting person, see Instruction
4(b)(v).
<PAGE>
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
5. Number of Deriva-
tive Securities 6. Date Exercisable
4. Transaction Acquired (A) or and Expiration
2. Conver- 3. Trans- Code Disposed of (D) Date (Month/Day/
sion or ation (Instr. 8) (Instr. 3, 4, and 5) Year)
Exercise Date ------------ ---------------------- ----------------
Price of (Month/ Date Expir-
1. Title of Derivative Derivative Day/ Exer- ation
Security (Instr. 3) Security Year) Code V (A) (D) cisable Date
------------------------ ----------- --------- ----- --- --------- ------------ ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Option $3.54 2/12/96 A 14,400 2/12/96 2/12/06
(Right to Buy)*** $10 1/8 1/31/97 A V 3,000 1/31/98 1/31/07
<CAPTION>
7. Title and Amount of 9. Number of 10. Ownership
Underlying Securities Derivative Form of
(Instr. 3 and 4) 8. Price of Securities Derivative 11. Nature of
------------------------ Derivative Beneficially Security: Indirect
Amount or Secur- Owned at End Direct (D) Beneficial
Number of ity of Month or Indirect Ownership
Title Shares (Instr. 5) (Instr. 4) (I) (Instr. 4) (Instr. 4)
------ ---------- ---------- ------------ -------------- -----------
<S> <C> <C> <C> <C> <C>
Common Stock 14,400 D
Common Stock 3,000 17,400 D
</TABLE>
Explanation of Responses:
*Such shares were held by American Research Development II, L.P. Frances J.
Hughes, Jr. and Harold Finelt are the individual general partners of ARD
Partners, USA, L.P., a general partner of ARD Master, L.P. Mr. Finelt disclaims
beneficial interest of such shares.
**Distribution of shares of American Research & Development II, L.P., a limited
partnership, to its partners.
***Stock options granted pursuant to the Company's 1996 Directors Stock Option
Plan.
/s/Harold Finelt 5/27/97
- ----------------------------------------------- ---------------------------
**Signature of Reporting Person Date
**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 is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
on this form are not required to respond unless the form displays a currently
valid OMB Number.