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OMB APPROVAL
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OMB Number: 3235-0104
Expires: October 31, 2001
Estimated average burden
hours per response.....0.5
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U.S. 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*
GRAHAM STANLEY E.
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(Last) (First) (Middle)
C/O NETCURRENTS, INC.
9720 WILSHIRE BLVD., SUITE 700
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(Street)
LOS ANGELES CA 90212
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(City) (State) (Zip)
_______________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
03/22/00
_______________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
_______________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
NETCURRENTS, INC. - NTCS
_______________________________________________________________________________
5. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
_______________________________________________________________________________
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 Reporting Person
_______________________________________________________________________________
<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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2. 3.
Amount of Ownership
Securities Form: 4.
1. Beneficially Direct (D) or Nature of Indirect
Title of Security Owned Indirect (I) Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
SEC 1472 (7-97)
<PAGE>
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TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<TABLE>
<CAPTION>
2. 3.
Date Title and Amount
Exercisable and of Securities Underlying 5.
Expiration Date Derivative Security 4. Ownership Form
1. (month/day/year) (Instr. 4) Conversion of Derivative
Title of ---------------- -------------------------- or Exercise Securities 6.
Derivative Date Expira- Amount or Price of Direct (D) or Nature of Indirect
Security Exer- tion Number of Derivative Indirect (I) Beneficial Ownership
(Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Options 12/27/99 12/27/04 Common Stock 20,000 $ 1.73 D
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Options
(Director Options) 3/22/00 3/22/05 Common Stock 25,000 $11.34 D
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</TABLE>
Explanation of Responses:
/S/ STANLEY E. GRAHAM 04-07-00
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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.
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.
Page 2
SEC 1472 (7-97)
