UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
(Print or Type Responses)
1. Name and Address of Reporting Person
Sagan Paul
(Last) (First) (Middle)
P.O. Box 11470
(Street)
Aspen Colorado 81612
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/3/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Medialink Worldwide Incorporated (MDLK)
5. 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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6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group filing (Check Applicable Line)
/X/ Form filed by One Reporting Person
/ / Form filed by More Than One Person
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
2. Amount 3. Ownership
of Secu- Form:
rities Direct 4. Nature of
Bene- (D) or Indirect
ficially Indirect Beneficial
Owned (I) Ownership
1. Title of Security (Instr.4) (Instr.4) (Instr. 5) (Instr. 5)
--------------------------- ----------- ------------ ------------
<S> <C> <C> <C>
Common Stock 5,000 D
</TABLE>
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, see Instruction
5(b)(v).
<PAGE>
<TABLE>
<CAPTION>
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
2. Date Exercisable
and Expiration Date 3. Title and Amount of Securities Underlying Derivative
(Month/Day/Year) Security (Instr.4)
-------------------- --------------------------------------------------------
Date Amount or
1. Title of Derivative Exercis- Expiration Number
Security (Instr. 4) able Date (1) Title of Shares
--------------------------------------- -------------- ------------ ----------------------------- -------------------------
<S> <C> <C> <C> <C>
Option (Right to Buy*) 3/3/98 3/3/08 Common Stock 10,000
<CAPTION>
5. Ownership
Form of
Derivative
4. Conver- Security:
sion or Direct
Exercise (D) or
Price of Indirect 6. Ownership of Indirect
Derivative (I) Beneficial Ownership
Security (Instr. 5) (Instr. 5)
-------------- ------------------------ ------------------------
<S> <C> <C>
$9.375 D
</TABLE>
*Stock Option granted under the Company's 1996 Directors Stock Option Plan.
Explanation of Responses:
/s/Paul Sagan 3/7/97
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**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 aimed in
this form are not required to respond unless the form displays a currently valid
CMB Number.
