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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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).
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1. Name and Address of Reporting Person*
Commonwealth Associates L.P.
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(Last) (First) (Middle)
830 Third Avenue
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(Street)
New York, NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
FutureLink Distribution Corp. (FLNK)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
13-3467952
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4. Statement for Month/Year
07/99
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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)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
________________________________________
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7. Individual or Joint/Group Filing (Check Applicable Line)
|_| Form filed by one Reporting Person
|X| Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ---------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 6/3/99 P 32,500 (A) 7.9726 (I) 2
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Common Stock 6/7/99 P 25,000 (A) 7.9125 (I) 2
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Common Stock 6/9/99 P 12,000 (A) 7.4612 (I) 2
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Common Stock 6/9/99 P 2,000 (A) 7.0000 (I) 2
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Common Stock 6/11/99 P 3,000 (A) 7.6250 (I) 2
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Common Stock 6/14/99 P 20,500 (A) 7.6730 (I) 2
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Common Stock 6/16/99 P 5,000 (A) 7.53125 100,000 (I) 2
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
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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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Convertible Notes $8.50 (3) P 128,500 immed. 07/19/01 Common 15,117 (4) 128,500 D
Stock
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Convertible Notes $8.50 07/19/99 P 50,000 immed. 07/19/01 Common 5,882 (4) 50,000 I 1
Stock
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Convertible Notes $8.50 07/19/99 P 1,000,000 immed. 07/19/01 Common 117,647 (4) 1,000,000 I 2
Stock
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Warrants to Purchase $8.50 (3) P 19,275 immed. 07/19/01 Common 19,275 (4) 19,275 D
Common Stock Stock
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Warrants to Purchase $8.50 07/19/99 P 7,500 immed. 07/19/01 Common 7,500 (4) 7,500 I 1
Common Stock Stock
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Warrants to Purchase $8.50 07/19/99 P 150,000 immed. 07/19/01 Common 150,000 (4) 150,000 I 2
Common Stock Stock
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Warrants to Purchase $8.50 07/27/99 P 225,000 immed. 07/27/01 Common 225,000 -- 225,000 D
Common Stock Stock
====================================================================================================================================
</TABLE>
Explanation of Responses:
See Attached.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
By: Commonwealth Associates Management Corp.
/s/ Joseph Wynne August 4, 1999
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** Signature of Reporting Person Date
By: Joseph Wynne, Chief Financial Officer
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Page 2
<PAGE>
<TABLE>
<CAPTION>
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FORM 4 1. Name and Address 2. Issuer Name and Ticker 4. Statement for Month/Year
(Continued) of Reporting Person* or Trading Symbol
<S> <C> <C> <C>
Commonwealth Associates L.P. FutureLink Distribution Corp. 07/99
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</TABLE>
Explanation of Responses:
(1) Owned directly by Michael S. Falk, the Chairman, CEO and principal
stockholder of Commonwealth Associates Management Corp. ("CAMC"), the general
partner of Commonwealth Associates ("CA").
(2) Owned directly by one or more of the following individuals: Robert Priddy,
Keith Rosenbloom or Basil Asciutto, directors and/or stockholders of CAMC. All
of such individuals disclaim beneficial ownership of the shares held by CA,
other than that portion which corresponds with their equity ownership in CAMC.
(3) Transaction dates range from 7/19/99 to 7/27/99.
(4) The Derivative Securities were purchased in units consisting of $250,000
principal amount of convertible promissory notes and warrants to purchase 37,500
shares of Common Stock at a cost of $250,000 per unit.
Page 3
<PAGE>
JOINT FILER INFORMATION
Name: Commonwealth Associates L.P.
830 Third Avenue
New York, NY 10022
Designated Filer: Commonwealth Associates L.P.
Issuer & Ticker Symbol: FutureLink Distribution Corp. (FLNK)
Date of Event Requiring Statement: July 19, 1999
Signature: By: Commonwealth Associates Management
Corp., its general partner
By: /s/ Joseph Wynne
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Joseph Wynne
Chief Financial Officer
Name: Commonwealth Associates Management Corp.
830 Third Avenue
New York, NY 10022
Designated Filer: Commonwealth Associates L.P.
Issuer & Ticker Symbol: FutureLink Distribution Corp. (FLNK)
Date of Event Requiring Statement: July 19, 1999
Signature: By: /s/ Joseph Wynne
-----------------------
Joseph Wynne
Chief Financial Officer
<PAGE>
Name: Michael S. Falk
830 Third Avenue
New York, NY 10022
Designated Filer: Commonwealth Associates L.P.
Issuer & Ticker Symbol: FutureLink Distribution Corp. (FLNK)
Date of Event Requiring Statement: July 19, 1999
Signature: /s/ Michael S. Falk
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Michael S. Falk
Name: Keith Rosenbloom
830 Third Avenue
New York, NY 10022
Designated Filer: Commonwealth Associates L.P.
Issuer & Ticker Symbol: FutureLink Distribution Corp. (FLNK)
Date of Event Requiring Statement: July 19, 1999
Signature: /s/ Keith Rosenbloom
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Keith Rosenbloom
Name: Basil Asciutto
830 Third Avenue
New York, NY 10022
Designated Filer: Commonwealth Associates L.P.
Issuer & Ticker Symbol: FutureLink Distribution Corp. (FLNK)
Date of Event Requiring Statement: July 19, 1999
Signature: /s/ Basil Asciutto
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Basil Asciutto
<PAGE>
Name: Robert Priddy
RMC Capital
1640 Powers Ferry, Suite 125
Marietta, Georgia 30067
Designated Filer: Commonwealth Associates L.P.
Issuer & Ticker Symbol: FutureLink Distribution Corp. (FLNK)
Date of Event Requiring Statement: July 19, 1999
Signature: /s/ Robert Priddy
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Robert Priddy
