UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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OMB NUMBER: 3235-1014
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FORM 3
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INITIAL 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
Blume Richard
Internet Commerce Corporation
805 Third Avenue
New York, New York 10022
2. Date of Event Requiring Statement (Month/Day/Year)
06/30/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Internet Commerce Corporation ("ICCSA")
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President and Chief
Operating Officer
6. If Amendment, Date of Original (Month/Day/Year)
July 12, 1999
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 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>
No securities owned | | | |
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* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
<PAGE>
<TABLE>
<CAPTION>
Form 3 (continued) Table II - Derivative Securitites Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
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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>
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Stock Options (1) | (2) June 29, |Class A Common Stock |200,000 | $12 | D | |
(Right to Buy) | 2009 | | | | | |
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Stock Options (1) | June 30, June 29, |Class A Common Stock | 30,000 | $40 | D | |
(Right to Buy) | 1999 2009 | | | | | |
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Stock Options (1) | June 30, June 29, |Class A Common Stock | 30,000 | $60 | D | |
(Right to Buy) | 1999 2009 | | | | | |
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Stock Options (1) | June 30, June 29, |Class A Common Stock | 30,000 | $80 | D | |
(Right to Buy) | 1999 2009 | | | | | |
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Series A Preferred |April 20, N/A |Class A Common Stock |10,000- | $3-$5 | D | |
Stock (3) | 1999 | |16,667 | | | |
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Warrants (4) |March 17, March 31,|Class A Common Stock | 18,000 | $9.94 | D | |
| 1999 2004 | | | | | |
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</TABLE>
Explanation of Responses:
/s/ Richard Blume
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SIGNATURE OF REPORTING PERSON
December 17, 1999
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DATE
(1) All options were granted under Internet Commerce Corporation's Amended and
Restated Stock Option Plan and vest upon becoming exercisable.
(2) 66,667 of these stock options became exercisable on June 30, 1999 and the
remaining 133,333 will become exercisable on January 1, 2000.
(3) Purchased in the Company's April 1999 private placement.
(4) Received for consulting services performed for the Company.
***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
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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