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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: 07/00
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. 01/05/00
b. 06/30/00
3. Transaction Code:
a. Code: G
b. Code: J
4. Securities Acquired (A) or Disposed of (D):
a. (D) Amount: 166,667
b. (A) Amount: 1,592,522
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 9,511,077 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:
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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:
Table I, No. 3b. and 4b. - Shares issued for conversion of debt in the amount
of
$191,550 in principal and interest.
Table I, No. 5 and Table II, No. 9 - Industrial Ecosystems, Inc., entered into
a
Rights Agreement with JFJ Ecosystems, LLC, which included provisions for the
issuance of shares and options to JFJ Ecosystems, LLC, in exchange for the
membership interest of JFJ Ecosystems, LLC, in the joint venture. Details of
the
Rights Agreement are included in the Industrial Ecosystems, Inc., Form 10SB, as
amended, which is available on the EDGAR website. The number of shares and
options
subject to the Rights Agreement were previously reported as 16,798,452 and
2,065,906, respectively, based on the best estimates at the time the Rights
Agreement was executed. These numbers have been adjusted pursuant to the
applicable
provisions of the Rights Agreement reflecting the satisfaction of principal and
interest on a $750,000 loan, the satisfaction of principal and interest on an
additional loan of $57,695, and an adjustment in the number of options granted
by
Industrial Ecosystems, Inc., to third parties, between the execution of the
Rights
Agreement and JFJ's exercise of its conversion rights under the Rights
Agreement.
Signature of Reporting Person: /S/John P. Crowe
Date: 07/10/00
