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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
- ------- Washington D.C. 20549
OMB APPROVAL
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[ ] Check box if no longer OMB Number 3235-0287
subject to Section 16. Form 4 Expires: May 31, 1994
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response............... 0.5
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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
<TABLE>
<CAPTION>
<C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Issuer
(Check all applicable)
ADKINS M. DOUGLAS MULTIMEDIA ACCESS CORPORATION (MMAC) Director X 10% Owner
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for Officer (give Other (specify
Number of Reporting Month/Year 5/97 ---- title ---- below)
1601 ELM STREET NO. 3000 Person (Voluntary) below)
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(Street) 5. If Amendment,
Date of Original ----------------
DALLAS TX 75201 (Month/Year)
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<CAPTION>
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<C> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of
Date Code (Instr. 3, 4 and 5) Beneficially Form: Indirect
(Instr. 8) Owned at Direct Beneficial
----------- -------------------------- End of (D) or Ownership
(Month/ Month Indirect (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 and 4) (I)
Year) (D) (Instr. 4)
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Common Stock 8/13/97 S 5,000 D $4.00 304,396 D
Common Stock 8/20/97 S 25,000 D $4.00 304,396 D
Common Stock 8/21/97 S 9,000 D $4.125 304,396 D
Common Stock 8/25/97 S 15,000 D $4.03125 304,396 D
Common Stock 8/28/97 S 5,000 D $4.00 304,396 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
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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)
<TABLE>
<CAPTION>
<C> <C> <C> <C> <C> <C> <C>
- ------------------------------- ----------- --------- ---------- -------------------- ------------- ----------------------
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount of
(Instr. 3) sion or action tion Derivative cisable Underlying Secur-
Exercise Date Code Securities Ac- Expiration ities
Price of (Month/ (Instr. quired (A) or Date (Instr. 3 and 4)
Deriv- Day/ 8) Disposed of (Month/Day/
ative Year) (D) Year)
Security (Instr. 3, 4 and 5)
Date Expir Amount
Code V (A) (D) Exer- ation Title or
cisable Date Number
of Shares
REDEEMABLE COMMON STOCK $4.50 8/13/97 S 6,000 8/4/97 2/6/02 Common 6,000
PURCHASE WARRANTS Stock
<CAPTION>
<C> <C> <C> <C>
--------- ------------ ----------- ------------
8. Price 9. Number 10. Owner- 11. Nature
of of Deriv- ship of
Deriv- ative Form of Indirect
ative Secur- Deriv- Bene-
Secur- ities ative ficial
ity Bene- Secur- Owner-
(Instr. ficially ity: ship
5) Owned Direct (Instr. 4)
at End (D)
of Month or In-
(Instr. 4) direct
(I)
(Instr. 4)
REDEEMABLE COMMON STOCK $1.95 488,525 D
PURCHASE WARRANTS
Explanation of Responses:
/s/ M. Douglas Adkins 8/30/97
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** Intentional misstatements or omissions of facts constitute Federal Criminal ** Signature of Reporting Person Date
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. PAGE 2
SEC 2270 (3/91)
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