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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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
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1. Name and Address of Reporting Person*
Litle Thomas J.
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(Last) (First) (Middle)
1520 E. Pima Street
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(Street)
Phoenix AZ 85034
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(City (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SkyMall, Inc.; SKYM
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3. I.R.S. Identification
Number of Reporting
Person, if an entity
(Voluntary)
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4. Statement for Month/Year
March 2000
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5. If Amendment,
Date of Original
(Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [ ] 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>
<CAPTION>
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TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) Owned at Direct Owner-
(Month/ ---------- ------------------------------- End of Month (D) or ship
Day/ (A) or Indirect
Year) Code V Amount (D) Price (Instr. 3 and 4) (I)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 03/10/2000 C(3) 142,857 A N/A 168,857 D N/A
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</TABLE>
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).
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>
Form 4 (continued)
<TABLE>
<CAPTION>
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Table II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
(Instr. 3) sion or action tion ative Securities Ac-
Exercise Date Code quired (A) or Dis-
Price of (Instr. 8) posed of (D)
Deri- (Month/ (Instr. 3,4, and 5)
vative Day/ ----------- -------------------------
Security Year) Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
Options to Purchase
Common Stock(1) $8.00 03/03/2000 A 7,500 N/A
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Series A Junior Convertible
Preferred Stock(2) (3) 03/10/2000 C(3) N/A 10,000
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Warrants to Purchase
Common Stock(2) (4) N/A N/A N/A N/A
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<CAPTION>
6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Nature
cisable and Underlying Securities of of Deriv- ship of
Expiration (Instr. 3 and 4) Deriv- ative Form of Indirect
Date ative Secur- Deriv- Benefi-
(Month/Day/ Secur- ities ative cial
Year) ity Bene- Security: Owner-
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Date Expira- Amount or 5) Owned (D) or (Instr. 4)
Exer- tion Title Number of at End Indirect
cisable Date Shares of (I)
Month (Instr. 4)
(Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C>
(1) (1) Common Stock 7,500 (1) 46,000 D N/A
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(3) (3) Common Stock 142,857 (3) 0 D
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(4) (4) Common Stock 71,429 (4) 71,429 D
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</TABLE>
Explanation of Responses:
(1) Options to purchase 7,500 shares of Common Stock were granted under the
Company's Non-Employee Director Stock Option Plan in connection with Mr.
Litle's service on the Company's Board of Directors. The Options are
exercisable for a period of ten years from the date of grant.
(2) Securities were purchased as units, at a purchase price of $7.00 per unit,
pursuant to a Stock and Warrant Purchase Agreement dated as of December 20,
1999 (the "December 20, 1999 Private Placement"), each unit consisting of
shares of Series A Junior Convertible Preferred Stock (the "Series A
Preferred") and Warrants to purchase shares of Common Stock.
(3) The Series A Preferred was automatically converted into shares of common
stock upon the approval such conversion and issuance by the shareholders of
SkyMall at a Special Meeting of Shareholders held on March 10, 2000. Each
share of Series A Preferred was converted into the number of shares of
common stock equal to a conversion ratio of: (1) a liquidation preference
of $100 divided by (2) $7.00.
(4) The Warrants expire five years after issuance and may be exercised at any
time after issuance. The exercise price of each warrant is $8.00 per share
of common stock represented by the warrant and is subject to customary
anti-dilution adjustments in certain circumstances.
/s/ Thomas J. Litle April 10, 2000
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**Signature of Reporting Person Date
Thomas J. Litle
**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.
Page 2
SEC 1474 (7/97)
