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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Frantz William T.
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(Last) (First) (Middle)
P.O. Box 3965
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(Street)
Bellevue Washington 98009
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Tera Computer Company (TERA)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
2/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</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).
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. ative Deriv- 11.
sion Number of Secur- ative Nature
or Derivative 6. 7. 8. ities Secur- of
Exer- 4. Securities Date Title and Amount Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and of Underlying of ficially Direct direct
Price Trans- action or Disposed Expiration Date Securities Deriv- Owned (D) or Bene-
1. of action Code of (D) (Month/Day/Year) (Instr. 3 and 4) ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- ---------------- Secur- of direct Owner-
Derivative ative (Month/ 8) 4, and 5) Date Expira- Amount or ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion Number of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Two Year Note 02/23/99 P $1,000,000 Immed 3/31/01 Common $1,000,000 $5.00 200,000 D
Convertible into Stock
Common Stock
(Right to Buy)
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Common Stock 02/23/99 P 30,000 Immed 3/31/04 Common 30,000 $6.00 30,000 D
Purchase Warrants Stock
(Right to Buy)
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</TABLE>
Explanation of Responses:
WILLIAM T. FRANTZ 03/09/99
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**Signature of Reporting Person 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.
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