U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Hannesson Paul E.
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(Last) (First) (Middle)
c/o Commodore Applied Technologies, Inc.
150 East 58th Street, Suite 3400
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(Street)
New York New York 10155
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Commodore Applied Technologies, Inc.
"CXI"
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
April 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chairman of the Board, President and Chief Executive Officer
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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 Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value $.001 4/17/000 M 252,500 A $.50 per 3,881,150 (1) (1)
("Common Stock") share
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Common Stock 4/17/000 M 497,500 A $.4375 per 3,881,150 (1) (1)
share
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Common Stock 4/17/000 G 80,000 A $.4375 per 3,881,150 (1) (1)
share
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(1) Mr. Hannesson is the beneficial owner of 3,881,150 shares of Common Stock of the Issuer, representing: (a) 750,000 shares of
Common Stock owned directly by Mr. Hannesson; (b) 147,500 shares of Common Stock underlying currently exercisable options to
purchase Common Stock of the Issuer granted to Mr. Hannesson pursuant to the Non-Qualified Stock Option Agreement dated July
13, 1999; and (c) shares of Common Stock owned directly by Commodore Environmental Services, Inc. ("Environmental") which
Mr. Hannesson is deemed to beneficially own by virtue of his beneficial ownership of approximately 10% of the issued and
outstanding shares of common stock of Environmental. Mr. Hannesson shares voting and disposition power with respect to the
shares described in (c) above with the Board of Directors of Environmental. Mr. Hannesson expressly disclaims beneficial
ownership of the remaining 80,000 shares of Common Stock underlying currently exercisable stock options granted to Mr.
Hannesson by the Issuer under the Issuer's 1998 Stock Option Plan, which options Mr. Hannesson has gifted to his son and
daughter in equal amounts of 40,000 apiece. This report should not be deemed an admission that Mr. Hannesson is the
beneficial owner of such securities for purposes of Section 16 or for any other purpose.
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)
(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock $.50 4/17/00 M 252,500 currently 6/03 Common 252,500 -- 2,147,500 D
Options (right per Stock
to buy) share
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Employee Stock $.4375 4/17/00 M 497,500 currently 12/08 Common 497,500 --
Options (right per Stock
to buy) share
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Employee Stock $.4375 4/17/00 G 80,000 currently 12/08 Common 80,000 --
Options (right per (i) Stock
to buy) share
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</TABLE>
Explanation of Responses:
(i) Represents 80,000 shares of common stock underlying currently
exercisable options to purchase common stock granted to Mr. Hannesson by
the Issuer under the Issuer's 1998 Stock Option Plan, which options Mr.
Hannesson has gifted to his son and daughter in equal amounts of 40,000
apiece. Mr. Hannesson expressly disclaims beneficial ownership of the
80,000 shares of common stock underlying such options. This report
should not be deemed an admission that Mr. Hannesson is the beneficial
owner of such securities for purposes of Section 16 or for any other
purpose.
PAUL E. HANNESSON
/s/Paul E. Hannesson May 2, 2000
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**Signature of Reporting Person Date
** 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.
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