<PAGE>
------------------------------
OMB APPROVAL
[ ] Check this box if no longer ------------------------------
subject to Section 16. Form 4 or OMB Number 3235-0287
Form 5 obligations may continue. Expires: 12-31-2001
See Instruction 1(b). Estimated average burden
hours per response ....... 0.5
------------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
________________________________________________________________________________
1. Name and Address of Reporting Person*
Olivier Jan J.
________________________________________________________________________________
(Last) (First) (Middle)
6400 E. Jackrabbit Rd.
________________________________________________________________________________
(Street)
Paradise Valley AZ 85253
________________________________________________________________________________
(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
WhatsForFree Technologies, Inc. WFFT
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
12/99
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
================================================================================
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chief Executive Officer
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by One Reporting Person
[_] Form filed by more than One Reporting Person
________________________________________________________________________________
<PAGE>
================================================================================
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 11/27/96 A3 (1) 2000* A N/A 2000 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 11/5/97 A3 (1) 21500** A N/A 23500 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/23/97 P 142** A .057 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 12/31/97 A3 (1) 86962** A N/A 110604 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 2/18/98 A3 (1) 50000 A N/A 160604 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/4/98 A3 (1) 20 A N/A D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/4/98 A3 (1) 1 A N/A 160625 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4/2/98 A3 (1) 49500 A N/A 210125 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 5/18/98 S 49500 D 2.273 160625 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4/14/99 S 88000 D 3.295 72625 I By Cactus
Consultants Inc
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</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).
(Over)
SEC 1474(3-99)
<PAGE>
FORM 4 (continued)
Table II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<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)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options* .455 8/29/96 A N/A N/A 8/29/96 8/29/01 Common 1667 N/A 1667 D N/A
Stock
- ------------------------------------------------------------------------------------------------------------------------------------
Reload Options*(2) 8/29/96 A N/A N/A (1) 8/29/01 Common 866 N/A 866 D N/A
Stock
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
(1) Award acquisition transaction that previously has not been reported
(2) The Option Granted on Line 1 of column 1 of this form was granted pursuant
to the Company's 1996 Stock Incentive Plan and contains a Reload Option. The
Reload Option will become exercisable on the date the last Optioned Share is
acquired by the Optionee at an exercise price equal to the Fair Market Value
of the Common Stock on such date
* Share amounts have been restated to reflect a 1 for 3 reverse stock split
effective December 2, 1996 and a 1 for 100 reverse stock split effective
January 17, 1998.
** Share amounts have been restated to reflect a 1 for 100 reverse stock split
effective January 17, 1998.
/s/ Jan J. Olivier 3/15/00
- --------------------------------------------- -----------------------
**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.
Page 2
