Statement of Changes in Beneficial Ownership
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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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Barnes Troy D.
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(Last) (First) (Middle)
715 Marlin Drive
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(Street)
Laguna Beach, California 92651
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Millennium Electronics, Inc. (MILM)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
February 1998
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5. If Amendment, Date of Original (Month/Year)
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Page 1 of 3
<PAGE>
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[XX] Director [XX] 10% Owner
[XX] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form filed by one Reporting Person
[ ] Form filed by more than one eporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<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 2/10/98 J(1) $ 250 D -0- D
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Common Stock 2/10/98 J(1) 102,444 D -0- I By self as Trustee
and Beneficiary of
the Troy D. Barnes
Trust
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Common Stock 2/10/98 G(2) 20,000 D 3,956,066 I By self as Trustee
and Beneficiary of
the Barnes Family
Trust
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Common Stock 2/10/98 G(2) 5,000 A 20,000 I By self as Custo-
dian for Courtney
Barnes
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Common Stock 2/10/98 G(2) 5,000 A 20,000 I By self as Custo-
dian for Brandon
Barnes
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Common Stock 2/10/98 G(2) 5,000 A 20,000 I By self as Custo-
dian for Tori
Nicole Barnes
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Common Stock 2/10/98 G(2) 5,000 A 20,000 I By self as Custo-
dian for Teagan
Rose Barnes
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</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.
Page 2 of 3
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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>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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>
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</TABLE>
Explanation of Responses:
(1) Shares were cancelled when the Company failed to achieve a certain
performance milestone; (2) Gift to children who share reporting person's
household; (3) The reporting person disclaims beneficial ownership of all
securities held by his children, and this report should not be deemed an
admission that the reporting person is the beneficial owner of such securities
for the purposes of Section 16 or for any other purpose.
/s/ Troy D. Barnes 7/3/98
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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 procedures.
Alternatively, this Form is permitted to be submitted to the Commission
in electronic format at the option of the reporting person pursuant to
rule 101(b)(4) of Regulation S-T.
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