FORM 4 OMB APPROVAL
[_] Check this box if no longer ----------------------------
subject to Section 16. Form 4 or OMB Number: 3235-0287
Form 5 obligations may continue. Expires: September 30, 1998
See Instruction 1(b). Estimated average burden
hours per response.......0.5
----------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
(Print or Type Responses)
================================================================================
1. Name and Address of Reporting Person*
Smith Thomas W.
(Last) (First) (Middle)
- - --------------------------------------------------------------------------------
120 Mockingbird Lane
(Street)
- - --------------------------------------------------------------------------------
Livingston Texas 77351
(City) (State) (Zip)
- - --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Global Intellicom, Inc. (GBIT)
- - --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- - --------------------------------------------------------------------------------
4. Statement for Month/Year
3/96
- - --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
- - --------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
[X] Director [_] 10% Owner
[_] Officer (give [_] Other (specify
title below below)
_________________________________
- - --------------------------------------------------------------------------------
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
<TABLE>
<CAPTION>
====================================================================================================================================
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
Security action action or Disposed of (D) Securities ship Indirect
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr.8) Owned at Direct Owner-
End of Month (D) or ship
(Month/ Indirect
Day/ (I)
Year) ---------------------------------------------
(A) or
Code V Amount (D) Price (Instr.3 and 4) (Instr.4) (Instr.4)
- - ------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
Common Stock, 10/10/96 J-1 20,000 A $4.9375 D
par value
$.01 per share
- - ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, 11/7/96 P 15,000 A $2.25 D
par value
$.01 per share
- - ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, 11/12/96 P 15,000 A $2.00 107,988 D
par value
$.01 per share
- - ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, 177,500 (I) (I)
par value
$.01 per share
- - ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instruction 4(b)(v).
(Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
Table II-- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
PART 1 OF 2
===================================================================================================================================
1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number of Deriv- 6.Date Exer- 7.Title and Amount of 8.Price
Derivative sion or action action ative Securities Ac- cisable and Underlying Securities of
Security Exercise Date Code quired (A) or Dis- Expiration (Instr.3 and 4) Deriv-
(Instr. 3) Price of (Instr. 8) posed of (D) Date ative
Deri- (Month/ (Instr.3, 4, and 5) (Month/Day/ Secur-
vative Day/ Year) ity
Security Year) (Instr.
5)
Date Expira- Amount or
Exer- tion Title Number of
cisable Date Shares
Code V (A) (D)
- - -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Warrants $4.00 3/20/96 J-2 (A) 3/20/96 3/20/01 Common Stock 25,000
- - -----------------------------------------------------------------------------------------------------------------------------------
===================================================================================================================================
</TABLE>
PART 2 OF 2
===================================================
9.Number 10.Owner- 11. Nature
of deriv- ship of
ative Form of Indirect
Secur- Deriv- Benefi-
ities ative cial
Bene- Security: Owner-
ficially Direct ship
Owned (D) or (Instr. 4)
at End Indirect
of (I)
Month (Instr. 4)
(Instr. 4)
- - --------------------------------------------------
25,000 (D)
- - --------------------------------------------------
===================================================
Explanation of Responses:
(1) 177,500 shares are held by Equicomp Corp. of which Mr. Smith is the sole
shareholder.
(J-1) Issued in consideration for certain financial accomodations made to
the Issuer by the Reporting Person.
(J-2) Issued in consideration for services rendered as a Director of the
Issuer.
/s/ Thomas W. Smith 12/10/96
- - ----------------------------------- --------------
Thomas W. Smith Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
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 is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1474 (7-96)
