<PAGE> 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name and Address of Reporting Person: John P. Crowe,
1015 West 54th Street, Kansas City, MO 64112
2. Issuer Name and Ticker or Trading Symbol:
INDUSTRIAL ECOSYSTEMS, INC.(IECS)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year: 9/00
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
( ) Director ( ) Officer, give title below (X) 10% Owner ( ) Other
Title:
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 I
NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security: Common Stock
2. Transaction Date (Month/Day/Year):
a. 09/15/00
3. Transaction Code:
a. Code: P
4. Securities Acquired (A) or Disposed of (D):
a. (A) Amount: 2,000,000
TABLE I - Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
<C> <C> <C> <C>
1. Title 5. Amount of 6. Ownership Form: 7. Nature of
of Securities Direct(D)or Indirect Beneficial
Security Beneficially Owned Indirect(I) Ownership
-------- ------------------ --------------- -------------------
Common Stock 11,511,077 D N/A
Common Stock 17,107,408 I Conversion Shares issued pursuant to
a Rights Agreement with JFJ
Ecosystems, LLC, an entity controlled
by John P. Crowe
</TABLE>
TABLE II
DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED
1. Title of Derivative Security:
2. Conversion or Exercise Price of Derivative Security:
3. Transaction Date (Month/Day/Year):
4. Transaction Code:
<PAGE>
<PAGE> 2
5. Number of Derivative Securities Acquired (A) or Disposed of (D):
6. Date Exercisable and Expiration Date (Month/Day/Year):
Amount Exercisable Expire the sooner of
---------- ----------- --------------------
850,000 11/14/99 11/14/00, or 120 days after registration
850,000 11/14/99 11/14/00, or 180 days after registration
2,000,000 11/14/99 11/14/00, or 240 days after registration
800,000 11/14/99 11/14/00, or one year after registration
2,261,334 07/01/00 06/30/05
7. Title and Amount of Underlying Securities: common stock
8. Price of Derivative Security:
Amount Price
---------- --------
850,000 $ 0.07
850,000 $ 0.11
2,000,000 $ 0.15
800,000 $ 0.19
2,261,334 $ 0.09
9. Number of Derivative Securities Beneficially Owned at End of Month:
6,761,334 shares
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I):
(D) 4,500,000 Warrants (I)2,261,334 Options
11. Nature of Indirect Beneficial Ownership:
Options issued pursuant to a Rights Agreement to JFJ Ecosystems, LLC, an entity
controlled by John P. Crowe
Explanation of Responses:
Signature of Reporting Person: /S/John P. Crowe
Date: 10/05/00
