U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL 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).
[ ] Form 3 Holdings Reported
[X] Form 4 Holdings Reported
1. Name and Address of Reporting Person
Mayer, Frederic A.
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(Last) (First) (Middle)
14 Mount Pleasant Drive
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(Street)
Aston, PA 19014
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
The New World Power Corporation -- (NWPCE)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner [X] Officer (give title below)
[ ] Other (specify below)
CFO
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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
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
Security action action or Disposed of (D) Securities ship of In-
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. -------------------------- Owned at End Direct Bene-
(Month/ 8) (A) of Issuer's (D) or ficial
Day/ or Fiscal Year Indirect Owner-
Year) Amount (D) Price (Instr. 3 (I) ship
Code and 4) (Instr. 4) (Instr. 4)
----------------- -------------- ---------- -------- --- ------- ------------------ ---------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
N/A
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</TABLE>
<TABLE>
Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned (e.g.,
puts, calls, warrants, options, convertible
securities)
<CAPTION>
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Transac- Number of Deriv- Date Exer- Title and Price Number Owner- Nature
Deriva- sion or action tion Code ative Securities cisable and Amount of of of Deriv- ship of In-
tive Exercise Date (Instr. Acquired (A) or Expiration Underlying Deriv- ative of direct
Security Price of (Month/ 8) Disposed of (D) Date Securities ative Secur- Deriva- Bene-
(Instr. Deriv- Day/ (Instr. 3, 4, (Month/Day/ (Instr. 3 Secur- ities tive ficial
3) ative Year) and 5) Year) and 4) ity Bene- Secu- Own-
Security ------------------ --------------- --------------- (Instr. ficially ity: ership
5) Owned Direct (Instr.
Amount at End (D) or 4)
Date or of Indi-
Exer- Expir- Number Year rect (I)
cis- ation Title of (Instr. (Instr.
Code (A) (D) able Date Shares 4) 4)
---------- --------- --------- ---------- -------- -------- ------- ------- ------ ------- --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option $.30 05/01/98 100,000 1/3- 5/03 CS 100,000 EMPLOY- 100,000
5/98 MENT
AGREEMENT
---------- --------- --------- ---------- -------- -------- ------- ------- ------ -------- --------- --------- --------- --------
1/3-
5/99
---------- --------- --------- ---------- -------- -------- ------- ------- -------- ------ --------- --------- --------- --------
1/3-
5/00
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</TABLE>
Explanation of Responses:
/s/ Frederic A. Mayer 7/7/00
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**Signature of Date
Reporting Person
**Intentional misstatements or omissions of
facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).