UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
iEntertainment Network, Inc.
(Name of Issuer)
Common Stock ($0.10)
(Title of Class of Securities)
45169Q 10 4
(CUSIP Number)
December 31, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see Notes).
<PAGE>
CUSIP Number 45169Q 10 4
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1. Name of Reporting Person
I.R.S. Identification No. of Above Person
John W. Stealey
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) ____
Not Applicable (b) ____
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3. SEC Use Only
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4. Citizenship or Place of Organization
United States
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5. Sole Voting Power
Number of 3,966,867
Shares ________________________________________
Beneficially 6. Shared Voting Power
Owned By
Each Reporting
Person ________________________________________
7. Sole Dispositive Power
3,966,867
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8. Shared Dispositive Power
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9. Aggregate Amount Beneficially Owned by Each
Reporting Person
3,966,867
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
/x/
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11. Percent of Class Represented by Amount in Row (9)
26.1%
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12. Type of Reporting Person (See Instructions)
IN
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<PAGE>
CUSIP Number 45169Q 10 4
ITEM 1(A) NAME OF ISSUER
iEntertainment Network, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
215 Southport Drive, Suite 1000, Morrisville, NC 27560
ITEM 2(A) NAME OF PERSON FILING
John W. Stealey
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE
206 Cherwell Drive
Cary, NC 27513
ITEM 2(C) CITIZENSHIP
United States
ITEM 2(D) TITLE OF CLASS OF SECURITIES
Common Stock, $0.10 per share
ITEM 2(E) CUSIP NUMBER
45169Q 10 4
ITEM 3. FILING PURSUANT TO RULES 13D-1(B) OR 13D-2(B)
Not Applicable
ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
As of December 31, 1999, Mr. Stealey beneficially
owned an aggregate of 3,966,867 shares of the
Issuer's Common Stock which includes (i) 236,389
shares issuable upon exercise of warrants exercisable
within 60 days of December 31, 1999, and (ii) 241,250
shares issuable upon exercise of options exercisable
within 60 days of December 31, 1999. Excludes (i)
65,000 shares subject to options not exercisable
within 60 days
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CUSIP Number 45169Q 10 4
of December 31, 1999, and (ii) 600,000 shares held in
three trusts for Mr. Stealey's children over which a
third party is the trustee. Mr. Stealey has neither
voting power nor dispositive power over the shares
held in the trusts. Mr. Stealey disclaims beneficial
ownership of the shares held in the trusts.
(b) Percent of class:
26.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
3,966,867
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the
disposition of: 3,966,867
(iv) Shared power to dispose or to direct the
disposition of:
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
<PAGE>
CUSIP Number 45169Q 10 4
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 13, 2000
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Date
/s/ J.W. Stealey
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J.W. Stealey
