UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
Fearn, Judith K.
Broadway House
1-15 King Street
London W-6 9HR United Kingdom,
2. Issuer Name and Ticker or Trading Symbol
Catalyst International, Inc. (CLYS)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 31, 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
V.P., European Operations
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code Amount D Price End of Year I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
<CAPTION>
Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (right $0.100 (1) 04/22/04
to buy)
Employee Stock Option (right $10.000 04/03/96 H 45,000 (2) 07/28/05
to buy)
Employee Stock Option (right $8.500 04/03/96 A 45,000 (3) 04/03/06
to buy)
Employee Stock Option (right $4.125 12/06/96 A 10,000 (4) 12/06/06
to buy)
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (right Common Stock 15,000 15,000 D
to buy)
Employee Stock Option (right 04/03/96 Common Stock 45,000 0 D
to buy)
Employee Stock Option (right 04/03/96 Common Stock 45,000 45,000 D
to buy)
Employee Stock Option (right 12/06/96 Common Stock 10,000 10,000 D
to buy)
<FN>
Explanation of Responses:
(1)
The Option vests 20% on the first anniversary of Ms. Fearns's date of hire (5/3/94) and 1-2/3% each month thereafter, provided Ms.
Fearn remains an employee of the Company.
(2)
The Option vests 20% on the first anniversary of the date of grant (7/28/95) and 1-2/3% each month thereafter, provided Ms. Fearn
remains an employee of the Company.
(3)
The Option vests 20% on the first anniversary of the date of grant (4/3/96) and 1-2/3% each month thereafter, provided Ms. Fearn
remains an employee of the Company.
(4)
The Option vests 20% on the first anniversary of the date of grant (12/06/96) and 1 2/3% each month thereafter, provided Ms. Fearn
remains an employee of the Company.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ JUDITH K. FEARN
DATE 03/12/97
