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OMB APPROVAL
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OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response .......0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[X] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
America Online, Inc.
22000 AOL Way
Dulles, VA 20166
2. Issuer Name and Ticker or Trading Symbol
Excite, Inc. (XCIT)
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
54-1322110
4. Statement for Month/Year
January 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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 I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
<TABLE>
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership Form: 7. Nature of
Security Date Code or Disposed (D) Securities Direct (D) or Indirect
(Instr. 3) (Instr.8) (Instr. 3, 4 and 5) Beneficially Indirect (I) Beneficial
Owned at (Instr. 4) Ownership
End of Month (Instr. 4)
(Instr. 3 and 4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(Month/Day Code V Amount (A)or(D) Price
Year)
Common Stock 1-20-99 S 4,811,062* D $100.00 -0- D
Common Stock 1-20-99 S 117,648* D $100,00 -0- I By AOL
Ventures (a
wholly-owned
subsidiary
of the
Reporting
Person)
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
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>
Series E-3 $8.00 Imme 3/8/01 Series 650,000* 650,000* I By AOLV
Preferred E-3 Pre-
Stock Warrant ferred
Stock
</TABLE>
Explanation of Responses:
*Adjusted to relect a 2-for-1 stock split paid by the Issuer on July 20, 1998.
/s/J. Michael Kelly
J. Michael Kelly
Senior Vice President and
Chief Fianancial Officer 2/10/99
**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).