FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
FORM 4 Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
|x| 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
(Print or Type Responses)
<TABLE>
<S> <C> <C> <C> <C>
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1. Name and Address of Reporting Person*/ 2. Issuer Name and / 5. Relationship of Reporting
/ Ticker or Trading Symbol / Person(s) to Issuer
/ / (Check all applicable)
/ / -X- Director --- 10% Owner
(Last) (First) (Middle) / GRANITE BAY TECHNOLOGIES, INC. / --- Officer --- Other
MULLIN, BLAIR / ("GBAY") / (give title below) (specify below)
/ /
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/ /
/ 3. Statement 4. If Amendment, Date / 6. Individual or Joint/Group Filing
/ for Month/Year of Original(Month/Year) / (Check Applicable Line)
/ / X Form filed by one Reporting Person
/ 12/2000 ---- / -- Form filed by More than One
/ / Reporting Person
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/ /
/ /
c/o GRANITE BAY TECHNOLOGIES, INC. / /
599 MENLO DRIVE, SUITE 200 / /
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(Street) / /
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/ /
ROCKLIN, CA 95765 / /
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(City) (State) (Zip) / /
/ /
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</TABLE>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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1. Title / 2. Transaction / 3. Transaction / 4. Securities Acquired (A) / 5. Amount of / / /
of / Date / Code / or Disposed (D)(Instr.3,4,and 5) / Securities / 6. Ownership / 7.Nature of /
Security / (Mo/Day/Yr) / (Instr. 8) / / Beneficially Owned / Form: Direct/ Indirect /
(Inst.3) / / ---------------------------------------------------/ at End of Month / (D) or / Beneficial /
/ / Code / V / Amount / (A) or (D) / Price / (Instr. 3 / Indirect(I) / Ownership /
/ / / / / / / and 4 / (Instr.4) / (Instr.4) /
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N/A
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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).
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<PAGE>2
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>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Title / Conversion/ Trans- / Trans- / Nature of / Date / Title /Price of / Number / Ownership / Nature of /
of / of / action / action / Derivative/ Exercisable / and / Deriv- / of / Form of / Indirect /
Derivative/ Exercise / Date / Code / Securities/ and / Amount / ative / Deriv- / Derivative / Beneficial/
Security / Price of / (Mo./ / (Instr./ Aquired(A)/ Expiration / of / Secur- / ative / Security: / Ownership /
(Instr. 3)/ Derivative/ Day/ / 8) / Disposed / Date / Under- / ity / Securi-/ Direct (D) / (Instr.4) /
/ Security / Year) / / of (D) / (Month / lying / / ties / or Indirect/ /
/ / / / (Instr. 3,/ Day/ year) / Securities / /Benefic-/ (Instr. 4) / /
/ / / / 4 and 5) / / (Instr. 3 / /ally / / /
/ / / / / / and 4) / /Owned at/ / /
/ / /------------------------------------------------------/ /end of / / /
/ / /Code/ V / (A) / (D)/ Date / Expir-/ Title /Amount/ / Month / / /
/ / / / / / / Exer- / ation / / of / / Instr. / / /
/ / / / / / / cisable/ Date / /shares/ / 4 / / /
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OPTIONS TO $.75 12/20/00 A 10,000 (1) 12/20/05 COMMON 10,000 $.75 245,000 D
PURCHASE STOCK
COMMON
STOCK
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Explanation of Responses:
(1) vesting schedule for options:
2,500 shares - immediately
2,500 shares - 12/31/00
2,500 shares - 12/31/01
2,500 shares - 12/31/02
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/s/ BLAIR MULLIN 01/08/2000
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Blair Mullin Date
**Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
