<PAGE> OMB Number 3235-0287
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FORM 4
/ / Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
(Print or Type Responses)
1. Name and Address of Reporting Person
<< Lang H. Gerhard >>
(Last) (First) (Middle)
<< 300 Drakes Landing Road, Suite 290, Greenbrae, CA 94904
(Street), (City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol:<<PCOrder.Com, Inc. (PCOR)>>
3. IRS or Social Security Number of Reporting Person (Voluntary) _____
4. Statement for Month/Year: << 5-00 >>
5. If Amendment, Date of Original (Month/Year) ___________
6. Relationship of reporting person to issuer
(Check all applicable)
<< ____ Director XXX 10% Owner >>
____ Officer (give ____ Other (specify
title below) below)
______________________
7. Individual or Joint/Group Filing (Check Applicable line)
____ Form filed by one Reporting Person
<< _XX_ Form filed by More than One Reporting Person >>
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 2 of 7 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
<< Common Stock >>
2. Transaction Date (Month/Day/Year)
<< 5-1-00 >>
3. Transaction Code (Instr. 8)
Code
<< P >>
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
<< 22,980 A $13.625 >>
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4)
<< 924,485 >>
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
<< D - by West Highland Partners, L.P. >>
<< I - (1)(2)(4) >>
7. Nature of Indirect Beneficial Ownership (Inst. 4)
See Item 6
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v). SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 3 of 7 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
<< Common Stock >>
2. Transaction Date (Month/Day/Year)
<< 5-1-00 >>
3. Transaction Code (Instr. 8)
Code
<< P >>
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
<< 5,340 >> A $13.625
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4)
<< 216,347 >>
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
<< D - by Buttonwood Partners, L.P. >>
<< I - (1)(2)(4) >>
7. Nature of Indirect Beneficial Ownership (Inst. 4)
See Item 6
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v). SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 4 of 7 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3)
<< Common Stock >>
2. Transaction Date (Month/Day/Year)
<< 5-1-00 >>
3. Transaction Code (Instr. 8)
Code
<< P >>
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
<< 1,680 >> A $13.625
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4)
<< 74,668 >>
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
<< I - (1)(3)(4) >>
7. Nature of Indirect Beneficial Ownership (Inst. 4)
See Item 6
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v). SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 5 of 7 Pages
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security (Instr. 3) _________________________
2. Conversion or Exercise Price of Derivative Security ____________
3. Transaction Date (Month/Day/Year) ______________
4. Transaction Code (Instr. 8)
Code ______ V ______
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) (A) _____________ (D) ______________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
____________________ ________________________
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
Title __________________________ Amount or Number of Shares _____
8. Price of Derivative Security (Instr. 5) _______________
9. Number of derivative Securities Beneficially Owned at End of Month
(Instr. 4) _______________
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) __________________
11. Nature of Indirect Beneficial Ownership (Inst. 4)
_____________________________________________________________________
________________________________________________________________________
FORM 4 (continued) Page 6 of 7 Pages
Explanation of Responses:
(1) By Lang H. Gerhard, as general partner of investment limited
partnerships, manager of limited liability company that is a general
partner of investment limited partnerships, and sole shareholder of
corporation that is a general partner of investment limited partnerships
and an investment adviser for client accounts.
(2) By Estero Partners, LLC, and West Highland Capital, Inc. as general
partners of investment limited partnerships.
(3) By West Highland Capital, Inc., as investment adviser for client
accounts.
(4) Each reporting person has only a pro rata interest in the securities
with respect to which indirect beneficial ownership is reported and
disclaims beneficial ownership in such securities except to the extent of
such reporting person's pecuniary interest.
Lang H. Gerhard
/s/ Lang H. Gerhard 6-8-00
** 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 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. SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 7 of 7 Pages
Joint Filer Information
Name: West Highland Capital, Inc.
Address: 300 Drake's Landing Road, Suite 290, Greenbrae, CA 94904
Designated Filer: Lang H. Gerhard
Issuer and Ticker Symbol: PCOrder.Com, Inc. (PCOR)
Statement for Month/Year: May 2000
Signature: West Highland Capital, Inc.
By: /s/ Bonnie George, Chief Operating Officer
Name: Estero Partners, LLC
Address: 300 Drake's Landing Road, Suite 290, Greenbrae, CA 94904
Designated Filer: Lang H. Gerhard
Issuer and Ticker Symbol: PCOrder.Com, Inc. (PCOR)
Statement for Month/Year: May 2000
Signature: Estero Partners, LLC
By: West Highland Capital, Inc., Attorney-in-Fact
By: /s/ Bonnie George, Chief Operating Officer
Name: West Highland Partners, L.P.
Address: 300 Drake's Landing Road, Suite 290, Greenbrae, CA 94904
Designated Filer: Lang H. Gerhard
Issuer and Ticker Symbol: PCOrder.Com, Inc. (PCOR)
Statement for Month/Year: May 2000
Signature: West Highland Partners, L.P.
By: West Highland Capital, Inc., General Partner
By: /s/ Bonnie George, Chief Operating Officer
Name: Buttonwood Partners, L.P.
Address: 300 Drake's Landing Road, Suite 290, Greenbrae, CA 94904
Designated Filer: Lang H. Gerhard
Issuer and Ticker Symbol: PCOrder.Com, Inc. (PCOR)
Statement for Month/Year: May 2000
Signature: Buttonwood Partners, L.P.
By: West Highland Capital, Inc., General Partner
By: /s/ Bonnie George, Chief Operating Officer
CSR\2463\043\1102843.01
