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
Roberts, Gregory N.
2625 Saint Andrews
Tustin, California 92660
2. Date of Event Requiring Statement (Month/Day/Year)
02/18/2000
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Greg Manning Auctions, Inc. ("GMAI")
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X)
Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify
below)
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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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 |
(Instr. 4) | Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | (Instr. 5) |
| Owned | Indirect(I) | |
| (Instr. 4) | (Instr. 5) | |
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<S> <C> <C> <C>
Common Stock, par value $.01 per share | 684,126 | D | |
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</TABLE>
* If 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)
SEC 1473 (7-96)
<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. Ownership |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |Form of | Beneficial Ownership |
(Instra. 4) | Expiration | Securities (Instr. 4)| |exercise |Derivative | (Instr. 5) |
| Date(Month/ |-----------------------|---------|price of |Security: | |
| Day/Year) | |Amount |deri- |Direct(D) or | |
| Date | Expira- | |or |vative |Indirect(I) | |
| Exer- | tion | Title |Number of|Security |(Instra. 5) | |
| cisable | Date | |Shares | | | |
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<S> <C> <C> <C> <C> <C> <C> <C>
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Employee Stock Option | (1) | 2/8/10 | Common Stock, par | 150,000 | $14.25 | D | |
(right to purchase) | | | value $.01 per share | | | | |
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</TABLE>
Explanation of Responses:
(1) The option is exercisable in four substantially equal installments beginning
on the first anniversary of the date of the grant and the remaining three of
which will become exercisable, respectively, on the second, third and fourth
anniversary of the date of the grant.
** 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.
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.
/s/ Gregory N. Roberts 03/16/2000
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**Signature of Reporting Person Date
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Joint Filer Information
Name: Sharon Roberts
Address: 2625 Saint Andrews, Tustin, California 92660
Designated Filer: Gregory N. Roberts
Statement for Month/Year: February 18, 2000
Issuer and Ticker Symbol: Greg Manning Auctions, Inc. ("GMAI")
Signature: /s/ Sharon Roberts March 16, 2000
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Sharon Roberts Date
