UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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 Instructions 1(b).
1. Name and Address of Reporting Person
Yalen, Richard
2234 Wakerobin Lane
Reston, VA 20191
2. Issuer Name and Ticker or Trading Symbol
NETRIX Corporation
NTRX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
02/29/2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 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
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Time Option (Right to |-- |-- |-- |-|-- -- |A,D|07/27|07/27|Common Stock|50,000 |-- |50,000 |D | |
Buy) | | | |-| | |/99 |/09 | | | | | | |
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Time Option (Right to |$12.43 |12/02|A |V|50,000 |A |(1) |12/02|Common Stock|50,000 |-- |50,000 |D | |
Buy) | |/99 | | | | | |/09 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Options to purchase shares of Common Stock vested and became exercisable as
to 12.5% of these options on the date of grant, and the
remainder will vest and become exercisable on each subsequent quarter-annual
anniversary of the date of grant to the extent of 12.5% of these
options.
SIGNATURE OF REPORTING PERSON
/s/ Richard Yalen
DATE
March 10, 2000
