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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 4 Washington, D.C. 20549
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*
Telescan, Inc.
(Last) (First) (Middle)
5959 Corporate Drive, Suite 200
(Street)
Houston TX 77036
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GlobalNet Financial.com, Inc.
3. IRS Identification Number of Reporting Person, if an entity
(Voluntary)
4. Statement for Month/Year
March 2000
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
----- -----
Officer (give title above) Other (specify below)
----- -----
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
-----
Form filed by More than One Reporting Person
-----
Page 1 of 4
<PAGE>
FORM 4 (continued)
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
Common Stock, $.001 par value ("Common Stock")
Common Stock
Common Stock
2. Transaction Date (Month/Day/Year)
3/31/00
3/31/00
3/31/00
3. Transaction Code (Instr. 8)
Code V
* delivered to Issuer as payment for option exercise price.
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
2,650,478 A $12.00
329,882 D $35.875
702,713 D $28.42
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
2,480,577
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
7. Nature of Indirect Beneficial Ownership (Instr. 4)
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 4(b)(v).
Page 2 of 4
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of,
or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Common Stock Option
2. Conversion or Exercise Price of Derivative Security
$12.00
3. Transaction Date (Month/Day/Year)
3/31/00
4. Transaction Code (Instr. 8)
Code V
X
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) (D)
2,650,047
6. Date Exercisable and Expiration Date
(Month/Day/Year)
Date Exercisable Expiration Date
3/31/99 4/4/00
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
Title Amount or Number of Shares
Common Stock
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially Owned at
End of Month (Instr. 4)
118,417
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instr. 4)
D
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Page 3 of 4
<PAGE>
FORM 4 (continued)
Explanation of Responses:
** 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 in this form are not required to respond unless the form displays
a currently valid OMB Number.
/s/ Roger C. Wadsworth 4/10/00
------------------------------- ---------------
**Signature of Reporting Person Date
SEC 1474 (3-99)
Page 4 of 4
