UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Sachs, Jonathan
Netrix Corporation
13595 Dulles Technology Drive
Herndon, Virginia 20171
USA
2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2000
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Netrix Corporation
(NTRX)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chief Technology Officer
6. If Amendment, Date of Original (Month/Day/Year)
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>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common Stock, $.05 par value per share |614,331 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Options (Right to |Immediate|09/10/04 |Common Stock |34,427 |$5.75 |D | |
Buy) | | | | | | | |
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Stock Options (Right to |(1) |03/31/10 |Common Stock |242,250 |$6.81 |D | |
Buy) | | | | | | | |
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Explanation of Responses:
(1)One quarter of these options vested on December 31, 1999; the remaining
options will vest with respect to one quarter of the total on each of June
30, 2000, December 31, 2000 and June 30,
2000.
SIGNATURE OF REPORTING PERSON
/s/ Jonathan Sachs
DATE
April 10, 2000
