U.S. 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 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*
Friedland Dion R.
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(Last) (First) (Middle)
28 Sloane Street Flat #8
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(Street)
London SWIX9NE United Kingdom
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
GlobalNet Financial.com, Inc.
(OTC: GLBN)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
2/00
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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)
[X] Form filed by one 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
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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>
Common Shares 2/4/00 S 100,000 D $35.375 I
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Common Shares 2/17/00 S 25,000 D $39.750 I
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Common Shares 2/29/00 S 25,000 D $43.750 1,714,583 I (1)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
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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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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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> <C>
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* None
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</TABLE>
Explanation of Responses:
(1) Held by the following: (i) Giant Trading, Inc., a Panamanian corporation,
solely controlled by Mr. Friedland; (ii) the following British Virgin Islands
corporations advised by Magnum Fund Management Ltd. of which Mr. Friedland is
the chairman: Magnum Capital Growth Fund, Magnum Edge Fund, Magnum Global Equity
Fund, Magnum Opportunity Fund, Magnum Tech Fund, Magnum Turbo Growth Fund,
Magnum U.S. Equity Fund, Magnum International Equity Fund, Magnum Special
Situations Fund; (iii) Rosebud Internet Fund Ltd., a British Virgin Islands
corporation which is advised by Rosebud Fund Management Ltd., which is advised
by Mr. Friedland as director; and (iv) e-Com Growth Fund Ltd., a Bahamas
corporation which is advised by Magnum Advisors Ltd. of which Mr. Friedland is
the chairman. Mr. Friedland disclaims beneficial ownership of the shares in
which he has no pecuniary interest.
/s/ Dion R. Friedland 03/02/00
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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 provided is insufficient, see Instruction 6 for procedure.
