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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Weinbaum Martin K. Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) Smith-Gardner & Associates, Inc. (SGAI) (Month/Day/Year)
(Last) (First) (Middle) 01/28/99 --------------------------------------
c/o Smith-Gardner & Associates, Inc. ---------------------------- 5. Relationship of Reporting --------------------
1615 South Congress Avenue 3. IRS Identification Person to Issuer 7. Individual or Joint/
- ---------------------------------------- Number of Reporting (Check all applicable) Group Filing (Check
(Street) Person, if an Entity Director 10% Owner applicable line)
Delray Beach FL 33445-6368 (Voluntary) ----- ----- X Form filed by
- ---------------------------------------- ---------------------------- X Officer Other ----- One Reporting
(City) (State) (Zip) ----- (give ----- (specify Person
title below) below) Form filed by
Chief Financial Officer and ----- More than One
Vice President - Finance Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 4)
(Instr. 5)
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*If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
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Date Expira- Amount or Indirect
Exercis- tion Title Number (I)
able Date of Shares (Instr.
5)
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Employee Stock Option (right to buy) (1) 04/01/06 Common Stock 7,500 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (2) 01/06/07 Common Stock 15,000 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (3) 04/15/07 Common Stock 93 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (4) 07/15/07 Common Stock 83 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (5) 07/28/07 Common Stock 5,000 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (6) 10/15/07 Common Stock 55 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (7) 12/15/07 Common Stock 55 $2.53/sh. D N/A
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Employee Stock Option (right to buy) (8) 04/14/08 Common Stock 90 $2.53/sh D N/A
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Employee Stock Option (right to buy) (9) 07/14/08 Common Stock 93 (10) D N/A
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Employee Stock Option (right to buy) (11) 10/14/08 Common Stock 97 (10) D N/A
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Employee Stock Option (right to buy) (12) 06/29/08 Common Stock 72,124 (10) D N/A
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Employee Stock Option (right to buy) (13) 12/14/08 Common Stock 139 (10) D N/A
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Explanation of Responses:
(1) 25% of the option vested on 04/01/97 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments which
began on the last day of the calendar quarter which includes the
Anniversary Date.
(2) 25% of the option vested on 01/06/98 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments which
began on the last day of the calendar quarter which includes the
Anniversary Date.
(3) 25% of the option vested on 04/15/98 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments which
began on the last day of the calendar quarter which includes the
Anniversary Date.
(4) 25% of the option vested on 07/15/98 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments which
began on the last day of the calendar quarter which includes the
Anniversary Date.
(5) 25% of the option vested on 07/28/98 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments which
began on the last day of the calendar quarter which includes the
Anniversary Date.
(6) 25% of the option vested on 10/15/98 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments which
began on the last day of the calendar quarter which includes the
Anniversary Date.
(7) 25% of the option vested on 12/15/98 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments
beginning on the last day of the calendar quarter which includes the
Anniversary Date.
(8) 25% of the option vests on 04/15/99 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments
beginning on the last day of the calendar quarter which includes the
Anniversary Date.
(9) 25% of the option vests on 07/15/99 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments
beginning on the last day of the calendar quarter which includes the
Anniversary Date.
(10) The exercise price per share is the initial public offering price of a
share of the Issuer's Common Stock upon the consummation of the Issuer's
initial public offering.
(11) 25% of the option vests on 10/15/99 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments
beginning on the last day of the calendar quarter which includes the
Anniversary Date.
(12) 25% of the option vests on 06/30/99 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments
beginning on the last day of the calendar quarter which includes the
Anniversary Date.
(13) 25% of the option vests on 12/15/99 (the "Anniversary Date"), and the
remaining 75% vests in twelve equal successive quarterly installments
beginning on the last day of the calendar quarter which includes the
Anniversary Date.
/s/ Martin K. Weinbaum 01/28/99
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- ------------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Martin K. Weinbaum
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure.
(Print or Type Responses)
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